Elon Musk says Twitter has had 'massive' revenue drop
Twitter has suffered a "massive drop in revenue" because of advertisers pausing advertising on the social media platform, Elon Musk said in a tweet Friday.
In this photo illustration, the image of Elon Musk is displayed on a computer screen and the logo of twitter on a mobile phone in Ankara, Turkiye on October 06, 2022.Twitter has suffered a "massive drop in revenue" because of advertisers pausing advertising on the social media platform, Elon Musk, the new owner of the company, said Friday.
In a tweet, Musk cast blame on "activist groups pressuring advertisers." He said Twitter hasn't changed its content moderation strategy, and added that the company has done "everything we could to appease the activists.""We've made no change in our operations at all," Musk said on stage during the event. "And we've done our absolute best to appease them and nothing is working. So this is a major concern.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk to Fire About 3,700 Twitter Employees on Friday: ReportThe billionaire previously denied reports he planned to fire 75% of workers. Now it's just 50%.
Read more »
Elon Musk notifies Twitter employees that layoffs will begin on Friday: ReportTwitter notified employees that layoffs will begin on Friday morning, about a week after Elon Musk finalized his $44 billion deal to purchase the company.
Read more »
Elon Musk Will Begin Laying Off Twitter Staff Friday, Days After His $44 Billion TakeoverTwitter will be laying off staff Friday, the social media giant said in an email obtained by NBC News.
Read more »
Elon Musk will begin laying off Twitter staffers Friday, days after his $44 billion takeoverIn an email to staff members obtained by NBC News, Twitter said it would be “reducing our global workforce on Friday.”
Read more »
Elon Musk brings Tesla engineers to Twitter who use entirely different programming language - AutoblogSources who worked at Twitter prior to Musk's acquisition told CNBC the Tesla engineers are reviewing existing code despite their lack of experience.
Read more »