Elon Musk Bought Twitter For €41.8 Billion, Laid Off 80% Of Employees, Cut €4 Million In Costs, And Saw Revenue Plunge 59%

Written by Rafaela Fabris

Published on 25/11/2024 at 16:38

Updated on 25/11/2024 at 18:17

Crise de receita e proliferação de problemas no X (Imagem: Reprodução)

20 pessoas reagiram a isso.

80%, but the argument is valid. This was Musk’s response to a user who commented that the social network continues to function even after drastic cuts to the staff. Musk quickly corrected the percentage, lowering it from 90% to 80%, but did not fail to emphasize that the company is better off this way. The number is impressive: Twitter’s workforce, which had about 7,500 employees, was reduced to just 1,300 in a matter of months.

While Musk takes pride in his boldness, the effects of the decision tell another story. Since the acquisition, Twitter has seen an initial spike in user traffic, surpassing the 540 million mark. However, this is practically the only positive point of Musk’s management.

Revenue Crisis and Proliferation of Problems

Elon Musk bought Twitter for 41.8 billion euros, fired 80% of the employees, cut 4 million euros in costs, and saw revenue plummet 59%

Even with Musk’s optimism, Twitter has been facing tough times. The social network lost 59% of its advertising revenue after a mass exodus of advertisers.

ARTICLE CONTINUES BELOW

More Controversies and the Musk Style

While dealing with Twitter’s problems, Elon Musk continues to be involved in other controversies. In recent days, he threatened to sue the creators of ChatGPT, accusing them of abandoning the original principles of the tool, while celebrating the success of another of his ventures, Starlink, which has already reached millions of users.

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Alberto bassoto

#87244

30/11/2024 16:26

eu acho engraçado, o que importa se é contrato com governos ou não, o que importa é que alguém precisaria fazer e o camarada fez, como tirar o mérito do camarada, afinal o foguete agora dá ré, e aí olha a economia que o cara fez, antes perdia tudo, gente na boa, o camarada é bom no que faz, simples assim

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Angelo Santos Neto

#87241

30/11/2024 16:08

Hahahahah que matéria tendenciosa. Elon Musk não sabe gerenciar nada e muito menos fazer dinheiro. Vcs é que são **** 😂

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Qafar Qaadaramarin Keenik

#87025

29/11/2024 19:49

É o amor
É uma abóbora
É o real virando pó
….

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Elon Musk Bought Twitter For €41.8 Billion, Laid Off 80% Of Employees, Cut €4 Million In Costs, And Saw Revenue Plunge 59%

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Elon Musk Bought Twitter For €41.8 Billion, Laid Off 80% Of Employees, Cut €4 Million In Costs, And Saw Revenue Plunge 59%

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BRICS is preparing a payment system inspired by the Brazilian PIX that will allow direct transactions between countries using national digital currencies without relying on the dollar or Western banks as intermediaries.

Ethiopia has banned gasoline and diesel cars, placed over a hundred silent electric buses on the streets of Addis Ababa, and now aims for half a million electric vehicles by 2030, all powered by Africa’s largest dam and a courage that few countries have shown.

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