Elon Musk predicts that Twitter won’t go bankrupt anytime soon.
Elon Musk, the CEO of Tesla and Twitter, stated over the weekend that Twitter will not be declaring bankruptcy anytime soon. On the All-In podcast on Saturday, he said:
The company is no longer headed for bankruptcy because we have the costs somewhat under control.
It has definitely been a roller coaster, he continued. Although it “has its highs and lows,” to put it mildly, “it seems to be moving in the right path generally.”
Musk tweeted a clarification after the episode, stating that there is still “more work to do” and that Twitter is not yet secure.
The head of Twitter added on to the podcast: “We’ll make a lot more mistakes in the beginning since I’m new, but over time my error rate and sort of being the chief twit will be less. Hey, guy, I just arrived.
“We’re executing well, and getting things done,” he said, “if you look at the real amount of improvement that has happened at Twitter in terms of having costs that aren’t outrageous and shipping product that, on balance, is good.”
Just a few weeks after he gained control of the social media company, the bιllιonaire issued his first cautionary statement regarding the possibility of bankruptcy for Twitter. In his initial email to Twitter staff in November, he disclosed the company’s financial difficulties, writing:
The future economic outlook is grim. It’s possible to file for bankruptcy.
Musk concentrated on free speech after acquiring Twitter for almost $44 bιllιon at the end of October, and he quickly made some significant modifications to the network. The firm quickly lost half of the top 100 advertisers, who contributed significantly to Twitter’s revenue. Since then, Musk has made efforts to increase revenue for the social media platform, including by increasing the monthly fee for the Twitter blue checkmark to $8 (or $11 for iPhone users).
Musk has stated that he would leave his position as Twitter’s CEO. “As soon as I find someone naive enough to accept the position of CEO, I will step down! I will only be in charge of the software & servers teams after that,” he tweeted last week.
Elon Musk allegedly fired 2 Tesla employees for criticizing his tweets
According to sources, the workers were let go because they were a part of a group that discussed and wrote letters criticizing Musk.
Elon Musk, the self-described champion of free speech, reportedly fired two Tesla workers for criticizing the business’s procedures. According to a Bloomberg article, the workers were let go because they were a part of a group that discussed and wrote letters criticizing Musk. Musk’s post, according to one of the sacked employees, broke the company’s anti-harassment policy. In June, the staff were let go. One of the two sacked workers actually received a raise in May.
Musk has frequently expressed how strongly he supports free speech. He previously stated in a tweet that he wants his worst detractors to continue using Twitter. Musk, though, was unable to put up with criticism in real life. According to a Bloomberg story, the workers were let go for breaking the law of labor. According to the employees’ attorneys and complaints made to federal authorities, they were let go because they were a member of a team that discussed and sent letters that were critical of Musk.
The staff members requested Tesla leadership to reevaluate the stringent return-to-office rules that Musk implemented in late May in one of the drafts. One of Musk’s tweets, according to a different employee, broke Tesla’s anti-harassment rules. It’s interesting to note that one of the two sacked employees received a raise in May before being let go in June. A few days later, the other worker was let go. The business informed them that their discussions of the group constituted “an attack” against Tesla.
The workers claimed that their termination was the result of their discussion of “Tesla’s failure to enforce its non-harassment policy and its application of its post-C.o.v.i.d return to office policy.” Regarding the two employees’ termination, Tesla has not issued any statements.
Musk has dismissed individuals before for speaking out against him. Several SpaceX workers were let go after sending an open letter to him. Employees at Musk-led SpaceX were sacked after they published an open letter denouncing Musk’s behavior. Employees called Musk’s actions “a frequent source of distraction and embarrassment for us, particularly in recent weeks” in the letter. The corporation was urged in the letter to “publicly confront and denounce Elon’s damaging Twitter behavior.” It also discussed SpaceX’s “No Asshole” policy.
“Elon is seen as the face of SpaceX because he is our CEO and most visible speaker, and every Tweet he sends serves as a de facto official statement from the business. Our teams and our future talent pool must be made aware that his message does not align with the job we perform, our mission, or our values “In the letter, the SpaceX employees made a note.