Elon Musk also said that challenges remain in the microblogging site.
Twitter and Tesla CEO Elon Musk recalled his last three months as CEO of Twitter. The billionaire said it had been "extremely difficult" as he had to "save Twitter from bankruptcy" while also fulfilling his duties at Tesla and SpaceX.
Musk also said that challenges remain in the microblogging site.
Taking to his official Twitter handle, "The past 3 months have been extremely difficult as Twitter had to avoid bankruptcy while fulfilling essential Tesla & SpaceX duties. He would not wish the pain on anyone. Twitter still has challenges, but it's a trend to break now if we keep at it. The public support is greatly appreciated!"
Musk answered this in a news article published by WSJ titled 'When Does Elon Musk Sleep? The billionaire talks Twitter and the limits of curing his back pain.
Just a week after Musk closed a $44 billion deal to buy Twitter in October, he lamented the company's "severe decline in revenue," which he attributed to "activist groups pressuring advertisers." According to news reports, since then he has made several changes on Twitter.
Elon Musk has slashed Twitter's staff by nearly half, launched a new microblogging site Blue subscription service and even auctioned off memorabilia from the company's San Francisco headquarters, Fox Business reported. He defended the layoffs on Twitter in November, insisting that the company was losing US$4 million a day.
Following the layoffs, ex-Twitter employees around the world have leveled allegations of breach of contract and discrimination, adding to owner Elon Musk's mounting legal troubles. The company laid off about 3,700 employees in early November as part of a cost-cutting measure by Musk, which has since been followed by hundreds more resignations.
According to the report quoting lawyer Lisa Bloom, the number of employees taking legal action against the company is growing on a daily basis. The lawyer said she was already representing about 100 former employees fired by Musk.
Meanwhile, in a new change on Twitter, the company announced that it will start charging for access to its API, which developers use to build third-party services, according to news reports. As the Twitter website states, its API is a set of programmatic endpoints that can be used to understand or create conversations on the social media platform. It allows software developers to search, retrieve, attach or create a number of different resources including Tweets, Users, Spaces and Direct Messages.
Earlier on January 13, Musk revealed some changes that were to be introduced in the microblogging platform from next week. "Bookmark button going to tweet detail page, fixing image length and other minor bug fixes next week," he wrote.
Most recently, a US jury cleared Musk of Tesla Inc.'s investors' claims that he defrauded them by tweeting in 2018 that he was considering taking the company private and that the deal was "secured". " Was.
Following the verdict, Elon Musk thanked the jury and wrote on Twitter, "Thank God, common sense has prevailed! I am deeply appreciative of the jury's unanimous finding of innocence in the Tesla 420 Tech-Pvt case." Am". Musk was sued by shareholders who said the tycoon had acted negligently in an attempt to squeeze out investors who had bet against the company. The verdict dismissed allegations that the electric car maker's CEO violated securities laws and must pay billions of dollars in damages.
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