Elon Musk on Twitter shortfall

Twitter exited the voluntary European Union's Code of Practice on Disinformation, the bloc's Internal Market Commissioner Thierry Breton said.Twitter Inc. was earlier this year the only major tech platform that didn't send a complete report to the European Union under the code, which the company agreed to follow before it was taken over by Elon Musk in late 2022. Its report was short of data and didn't include commitments from the social media company that it would empower fact-checkers, the EU's executive arm said in…

Elon Musk said Twitter Inc. was on course for $3 billion of negative cash flow before he stepped in to stem losses by dismissing more than half the company’s staff. Elon Musk said Twitter Inc. was on course for $3 billion of negative cash flow before he stepped in to stem losses by dismissing more than half the company's staff. “That is why I spent the last five weeks cutting costs like crazy,” Musk said during a Twitter Spaces event late Tuesday. “This company is like, basically, you are in a plane that is headed…