In putting together the Twitter acquisition, Musk has seemed to waver on his commitment to crypto.
Browsing: Elon Musk
Twitter plans to let go of a quarter of its workforce as part of what is expected to be a first round of layoffs, the Washington Post reported.
Twitter is considering charging for the coveted blue check mark verifying the identity of its account holder.
Overspending on Twitter was the easy part. Now Elon Musk must turn around a social media platform that he has spent months ridiculing.
Elon Musk became Twitter’s owner on Thursday, in the process firing top executives, including CEO Parag Agrawal.
Twitter shares will be suspended from trading as Elon Musk faces a 28 October deadline to close his deal to buy the social media company.
Twitter is struggling to keep its most active users, who are vital to the business, engaged, according to internal research documents.
With Elon Musk on the verge of taking over Twitter comes news that he plans to gut its workforce, with cuts of up to 75%.
With that cheque for Twitter imminent, Musk could use all the optimism around Tesla he can muster.
Elon Musk said he was excited about his pending acquisition of Twitter, although he was overpaying for the social media company.