Elon Musk: He brought chaos to Twitter in two weeks – “Bankruptcy is on the verge”

THE Elon Musk maybe when he was buying it Twitter promised a platform where everyone would express themselves freely and made it clear that the situation would remain as it was, but international reports emphasize that it brought chaos and the company on the verge of bankruptcy.

Specifically, AFP claims that Musk told employees that “we may have a cash flow shortfall of several billions.” At the same time, in an internal letter he had written to them that the course will be “hard work”, and that they now have to “go to the office at least 40 hours a week”, after months of telecommuting.

Employees also asked him about the risks associated with rapidly developing new, untested features, the preferred method of the Tesla and SpaceX boss.

The reason for concern? The US competition agency (FTC) issued a rare warning against the platform yesterday: “We are following recent developments on Twitter with great concern,” Douglas Farrar, the FTC’s director of public affairs, told Reuters.

“No CEO or company is above the law.” The service reminded that the platform risks significant fines if it does not comply with the rules of the agreement reached with the service on data security and confidentiality. However, many employees who know these rules no longer work at Twitter.

Mass layoffs

Musk may have initially said he wouldn’t fire anyone, but he just took over laid off 3,500 workers -out of a total of 7,500-, while among them pregnant women are also included. According to Tesla’s CEO, the “non-productive” ones are fired, but many emphasize the fact that this is not justified from somewhere, since he just took over and does not have a complete picture.

In fact, from the first moment it was announced that Elon Musk would buy Twitter, many users and advertisers announced that they would leave, which started to happen. So far, it has lost 1,000,000 users, but the biggest problem is with the advertisers who put in the money.

So one of Musk’s first tweets after he bought the company was a call to advertisers to stick around.

The $8 subscription fiasco

Wednesday’s launch of Twitter Blue, its new $8-a-month formula for user account authentication, has resulted in controversy and an explosion of fake profiles.

“Hold me all day, but it will cost you 8 dollars“, he used to say days ago. Result of the new policy: Nintendo’s Super Mario Bros. getting the middle finger. LeBron James to request a transfer. George Walker Bush writing “I miss killing Iraqis”. The lasting reliability of these… the 8 dollars. Users who by paying the subscription pretended to be the aforementioned. And among other things the “right” of posts like “The Holocaust was fake news”.

Also, many users were changing their profile to “Elon Musk” impersonating the billionaire and the latter removing accounts that mocked him in this way. “Please note that Twitter will be doing a lot of stupid things in the coming months. We’ll keep what works and change what doesn’t,” the multi-billionaire tweeted.