Twitter Bankruptcy: Elon Musk says last 3 months were tough, seeks public support to save Twitter

Twitter CEO Elon Musk on Sunday said that the last three months have been "extremely difficult" because he "had to save Twitter from bankruptcy" while also fulfilling his duties at Tesla and SpaceX. Musk stated on his official Twitter account that the microblogging site continues to face difficulties.

Elon Musk stated on Twitter, "The last three months have been extremely difficult, as I had to save Twitter from bankruptcy while also fulfilling critical Tesla and SpaceX duties. I wouldn't wish that on anyone. Twitter continues to face challenges, but it is on track to break even if we persevere. The public's support is greatly appreciated! ". He took to Twitter in response to a Wall Street Journal article.

Musk bemoaned the company's "massive drop in revenue" just one week after closing the USD 44 billion deal to buy Twitter in October, blaming it on "activist groups pressuring advertisers," according to the reports. According to the news reports, he has made a number of changes on Twitter since then.


Elon Musk has cut roughly half of Twitter's workforce, launched a revamped microblogging site Blue subscription service, and even auctioned off memorabilia from the company's San Francisco headquarters. In November, he defended Twitter layoffs, claiming that the company was losing USD 4 million per day.

Twitter recently announced that it will begin charging a fee to access its API, which developers use to create third-party services. Earlier on January 13, Musk revealed some of the changes that would be implemented in the microblogging platform beginning next week. Elon Musk wrote that the Bookmark button moving to the tweet details page, fix image length crop, and other minor bug fixes next week.

FAQs

Q1. How much was the Twitter deal with Elon Musk?
$44 Billion.

Q2. What is Elon Musk's net worth in Indian rupees?
Elon Musk's net worth is 18,420 crores USD