The new Chief Executive Head of Twitter, Elon Musk has cried out over the massive drop in Twitter’s revenue, which according to him, is caused by activist groups pressuring advertisers.
The billionaire made the claims on Friday, through his verified Twitter handle, saying that although, nothing has changed with content moderation, everything possible was done to appease the activists.
“Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers.
“Even though nothing has changed with content moderation and we did everything we could to appease the activists.
“Extremely messed up! They’re trying to destroy free speech in America.”
He revealed that the company is losing over $4M/day therefore leaving them with no choice other than to lay off some workers.
“Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day.
“Everyone exited was offered 3 months of severance, which is 50% more than legally required.”