Elon Admits Twitter Is Losing a Lot of Money
Twitter Complaint Hotline Operator, complains:
Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day.
Everyone exited was offered 3 months of severance, which is 50% more than legally required.
— Elon Musk (@elonmusk) November 4, 2022
Yes, spooked by what appears to be an insane captain taking over a multibillion ship, advertisers have apparently begun to pull their support from the bird app, meaning that its revenue streams have begun drying up. At the same time, Musk also saddled the platform with a ton of debt, meaning that the company is in real trouble. Of course, Twitter’s Complaint Hotline Operator blames these problems on “activists,” apparently:
Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists.
Extremely messed up! They’re trying to destroy free speech in America.
— Elon Musk (@elonmusk) November 4, 2022
