Elon Musk described owning Twitter as “quite painful”
In an interview with BBC, Elon Musk said his experience of owning Twitter has been “quite painful” and like a “rollercoaster.”
The billionaire took over Twitter for $44bn in October last year. Since then, he has been making the headlines for various reasons, including laying off staff or adding new features to the platform. In a recent interview with BBC, Musk talked about his experience as the Twitter owner and the way he’s running the company.
First, Elon Musk said he bought Twitter because a judge would probably force him to complete the purchase after the initial buyout offer. To renew your memory, Musk wanted to withdraw his offer to buy Twitter because he believed the company lied about the number of users. Twitter later tried to sue him because of his withdrawal.
The interesting thing about the interview is Twitter has recently labeled BCC as a government-funded media while it claims it’s a publicly funded network. Musk said he would change the label while he knows “BBC is generally not thrilled about being labeled state media.”
Elon Musk talks about his “painful” experience owning Twitter, defending everything he has done so far
The billionaire added that he has been in a “really quite a stressful situation over the last several months” but never regretted the decision and believed it was the right thing to do. Additionally, everything in the company is going “reasonably well.” Musk also alluded to his habit of sleeping in the office, saying he has a couch in a library “that nobody goes to.”
One of the most controversial decisions by Elon Musk was reducing the Twitter staff from over 8,000 to about 1,500. Musk said he didn’t fire employees in person because it’s impossible to talk to many people face to face. He also believes the decision was not “uncaring” because “if the whole ship sinks, then nobody’s got a job.”
Lastly, the second richest man on the planet says the company is now “roughly breaking even” as advertisers are returning. “We could be profitable, or to be more precise, cash flow positive this quarter if things keep going well. I think almost all advertisers have come back or said they are going to come back.” He added.
In an interview with BBC, Elon Musk said his experience of owning Twitter has been “quite painful” and like a “rollercoaster.”
The billionaire took over Twitter for $44bn in October last year. Since then, he has been making the headlines for various reasons, including laying off staff or adding new features to the platform. In a recent interview with BBC, Musk talked about his experience as the Twitter owner and the way he’s running the company.
First, Elon Musk said he bought Twitter because a judge would probably force him to complete the purchase after the initial buyout offer. To renew your memory, Musk wanted to withdraw his offer to buy Twitter because he believed the company lied about the number of users. Twitter later tried to sue him because of his withdrawal.
The interesting thing about the interview is Twitter has recently labeled BCC as a government-funded media while it claims it’s a publicly funded network. Musk said he would change the label while he knows “BBC is generally not thrilled about being labeled state media.”
Elon Musk talks about his “painful” experience owning Twitter, defending everything he has done so far
The billionaire added that he has been in a “really quite a stressful situation over the last several months” but never regretted the decision and believed it was the right thing to do. Additionally, everything in the company is going “reasonably well.” Musk also alluded to his habit of sleeping in the office, saying he has a couch in a library “that nobody goes to.”
One of the most controversial decisions by Elon Musk was reducing the Twitter staff from over 8,000 to about 1,500. Musk said he didn’t fire employees in person because it’s impossible to talk to many people face to face. He also believes the decision was not “uncaring” because “if the whole ship sinks, then nobody’s got a job.”
Lastly, the second richest man on the planet says the company is now “roughly breaking even” as advertisers are returning. “We could be profitable, or to be more precise, cash flow positive this quarter if things keep going well. I think almost all advertisers have come back or said they are going to come back.” He added.
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