Elon Musk Says a Twitter Bankruptcy Is on the Table

WebProNews
Elon Musk Says a Twitter Bankruptcy Is on the Table

Elon Musk has dropped a bombshell on employees, saying a Twitter bankruptcy was not out of the question.

Since his purchase of the social media platform, Musk has conducted mass layoffs, fired top executives, let much of the moderation team go, made an utter mess of the platform’s verification system, killed off remote work and, to top it all off, is now saying the company could go bankrupt.

Zoë Schiffer, Platformer’s Managing Editor, shared the news via Twitter:

While the company hasn’t made a profit since 2019, things seem to be taking a major downturn since Musk took over. The company has lost some of its biggest advertisers over concerns about an increase in hate speech since Musk’s purchase, raising further doubt about the company’s financial future.

Elon Musk Says a Twitter Bankruptcy Is on the Table
Matt Milano



* This article was originally published here

Comments

Post a Comment

Popular posts from this blog

5 Ways to Elevate Your Brand with Adobe Express this National Small Business Month

Image
Sponsored Post Small business owners understand that creating a strong brand is essential for success. As we look to celebrate National Small Business Month in May, it’s the perfect time to take your brand to the next level with Adobe Express , an easy-to-use design tool that makes it simple for you to create professional-looking marketing assets – no design experience required – that help you stand out from the competition. What is Adobe Express? Adobe Express is a one-stop-shop tool for creating visual content quickly and easily. You can do everything in one place, whether it’s removing backgrounds from your photos , animating text to make your creative more dynamic, resizing content for different platforms (i.e., print, web, various social platforms, etc.) or scheduling content for publishing on social . This easy-to-use mobile and desktop tool offers a variety of features in both its free and premium versions – from customizable templates to graphics to the entire Adobe Stock
Read more

How to Automate and Streamline Marketing Processes Like an Expert

Small businesses often have to do more with less. You may have a smaller budget than competitors or less time to complete your essential tasks. So you need to streamline your marketing processes and content creation to make a larger impact. Learn how to get more done with fewer resources thanks to these insights from members of the online small business community. Find the Best Marketing Automation Tools You don’t need to spend all your working hours on mundane marketing tasks to make an impact. In fact, there are many automation tools that can take these items off your to-do list entirely. Check out this LeadGen post by Vibhu Dhariwal for some top options. Maximize Your Influence Through Strategic Content and Social Media If you spend your time on social media and content marketing, you need to be sure that your efforts are directed toward the most important tasks. That’s where having a strategy comes in. Lisa Sicard discusses this tactic in more detail in this Inspire to Thrive
Read more

Where to Get Business Cards: The 25 Best Places

Image
Successful small business owners understand the importance of making a lasting impression on potential clients and partners. After all, it doesn’t matter how amazing the small business ideas are, no one will take note without the proper promotion. One timeless and effective way to make that all-important first impression is through a well-designed business card. If you’re curious about where to get business cards that capture your brand identity and help you leave a lasting mark in the business world, we’ve got the A-Z of obtaining business cards for you. What are the benefits of business cards? Are business cards still relevant ? Business cards are an essential tool for small business owners, offering a range of benefits that can help elevate your brand and boost your networking efforts. Here are five key advantages of using business cards: Professionalism – Business cards convey a sense of professionalism, establishing your business as credible and legitimate, while leaving a
Read more