Elon Musk has found an ally in Reddit CEO Steve Huffman. The former Twitter CEO hasn’t had a moment’s rest since acquiring the microblogging platform in November 2022. Be it the massive layoffs or the issues with content moderation, Musk doesn’t seem to get anything right.
But according to Steve Huffman, CEOs could learn a thing or two from Elon Musk. He has applauded the radical paradigm shift Musk has brought to Twitter. It’s a cutthroat world, and Huffman believes Musk’s ability to take risks is something he sees himself doing for Reddit amidst user protests.
Steve Huffman Speaks Highly Of Elon Musk’s Cost-Cutting Measures
In a recent interview with NBC News, Reddit CEO Steve Huffman spoke of how Elon Musk is setting a precedent in the tech industry. Huffman, whose decision to turn Reddit into a money-making venture is facing backlash, is looking at Elon Musk’s drastic measures with Twitter. He has applauded Musk’s cost-cutting measures, pointing to the firing of 200 employees.
Steve Hoffman told the news outlet, “Long story short, my takeaway from Twitter and Elon at Twitter is reaffirming that we can build a really good business in this space at our scale. Now, they’ve taken the dramatic road, and I guess I can’t sit here and say that we’re not either, but I think there’s a lot of opportunity here.”
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Elon Musk Introduces New Features To Twitter
Elon Musk is focussing on making Twitter a financially lucrative operation. He’s allowed the content creators to take their users with them if they decide to leave Twitter. He’s also charging a modest fee based on clicks from users accessing news articles so that media publishers can monetize their content.
In addition, the ex-Twitter CEO is bringing more features to make the platform more user-friendly. We’ll soon see the picture-in-picture mode and fifteen-second rewind and forward button. For its Twitter Blue users, he has introduced the long-form video that allows them to upload videos up to 8GB of data.
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