Elon Musk has been creating headlines ever since he acquired Twitter recently. Since then, chaos has ensued as the South African billionaire fired its CEO, and CFO as well as half of its workforce. His subscription policy for verification has also been halted after it backfired.
Recently, Musk warned the company’s employees of possible bankruptcy. Now, the Tesla CEO has shown a glimmer of hope to everyone with his recent Tweet. It was in response to a thread that dismissed the speculation that Twitter can go bankrupt. Let’s find out what Musk tweeted.
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Elon Musk Is Hopeful About Twitter’s Future
Right after buying Twitter, the SpaceX founder started making sweeping changes in the company to cut costs and make a profit in a short span of time. However, most of his changes have backfired.
He also told the employees of the social media giant that the company might go bankrupt in near future. However, Musk‘s recent Tweet gives a glimmer of hope for Twitter’s future.
Entrepreneur and investor Bill Gurley recently Tweeted, “One of the reasons companies routinely do 3 layoffs instead of one is they are almost all afraid to “cut too much.” They fear “hitting bone.” But they VASTLY underestimate how resilient companies actually are. Companies endure. (More).”
In the same thread, he added: “This is also why everyone rooting for Twitter to “functionally fail” are going to be disappointed. The company had 1,000 employees in 2012 and had 200 MAUs. And the systems are way better now. If they go back to that count they will survive. You are NOT seeing the “fail whale.”
Read More: Elon Musk Gives Another Ultimatum To Twitter Employees. Here’s What He Said
There’s A Chance To Save Twitter
Musk responded to Gurley’s Twitter thread with a ‘Dumb and Dumber‘ meme featuring Jim Carrey. It said: “So You’re Telling Me There’s A Chance.” He captioned it, “Don’t wanna jinx it, but there’s a chance we can keep Twitter alive …”
Don’t wanna jinx it, but there’s a chance we can keep Twitter alive … pic.twitter.com/mk3aCq0dEB
— Elon Musk (@elonmusk) November 18, 2022
Ever since Musk took over, advertisers have been distancing themselves from the platform. Another shock came after two executives, Yoel Roth and Robin Wheeler – who moderated Twitter Spaces chat, resigned.
In his first meeting right after the acquisition, Musk told Twitter employees on a call that he could not rule out bankruptcy. This comes amid several celebrities quitting the platform.
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