The week Elon Musk changed the course of the bird network

Twitter is experiencing turbulent days. The little bluebird’s social network is now elon muskfounder tesla, It will lay off more than 3,700 workers as published various sections such as engineering, moderator or sales and advertising New York Times, Yesterday. The new owner of the company has the goal of financial recovery to save it and boost its growth. Yesterday, in a tweet, Musk blamed the decline in the company’s profits on the activists who put pressure on the advertisers of this social network.

Despite the fact that nothing has changed with content moderation and we have done everything we can to appease the activists, Twitter’s revenue has plummeted as activist groups put pressure on advertisers.

Extremely messy! They are trying to destroy freedom of expression in America.

— Elon Musk (@elonmusk) November 4, 2022

In addition, Musk claimed that: nothing about moderation rules has changed implemented on the network when it was announced recently ‘absolutist’ freedom of expression and everything indicated that the norms in this field were going to change. In another tweet, he said: “Once again, to be clear, Twitter’s steadfast commitment to content moderation has remained absolutely unchanged. In fact, contrary to what you saw in the press this week, we saw that hate speech fell below our previous standards.”

Again, to be very clear, Twitter’s strong commitment to content moderation has certainly not changed.

In fact, we’ve seen from time to time this week that hate speech falls *below* our previous norms, contrary to what you might read in the press.

— Elon Musk (@elonmusk) November 4, 2022

Companies like L’Oreal, Pfizer, General Motors, Volkswagen, Carlsberg or General Mills last week they would remove their ads from Twitter until we find out what the content moderation policy will be. All these companies fear that Twitter will become an uncontrolled forum for insults and slander.

With the loss of income as a constant gift, excitement blue Presented to Musk as an option to get the money back: the cost of this subscription service will start to rise eight dollars a month and will be mandatory for those who want to verify their account, a decision that raises eyebrows among many users. The new head of the social network also expressed his desire to make Twitter a platform with more services, such as WeChat, which provides other functions besides being a social network, such as China’s e-commerce and payment system.

four million lost a day

Musk also noted in a tweet: “Unfortunately, the company’s losing more than four million dollars a day”, referring to the reduction in staff. However, losing money is a common occurrence for this social network: As can be seen in the company’s annual accounts, only made a profit in 2018 and 2019 worth 1,200 and 1,400 million euros, respectively. Then, in 2020, Twitter lost 1,136 million euros. This figure was reduced to 221 million in 2021. As for income, 5,000 million euros in cash came in last year. This variable only stopped growing in 2017.

As for Twitter’s current mitigation, unfortunately, with the company losing over $4 million a day, it has no choice.

Anyone who came out was offered 3 months of violence, 50% more than legally required.

— Elon Musk (@elonmusk) November 4, 2022

35 employees on the sidelines in Spain

American company in Spain 33 working staff, according to accounts deposited in the Commercial Register. Of these, 15 have the rank of administrator. Squad approved ef He said he recently received an email alert about cuts and possible compensation. Twitter pays Spain employees an average of 100,000 euros per year last year, a year in which it recorded turnover €5.3 million and a profit of 267,000 Euros. The company paid a total salary of 3.28 million euros last year. Spanish subsidiary of this social network earns income only from service delivery According to Twitter International Unlimited Company, based in Ireland, the company has secured it in their accounts.

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