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Elon Musk: Twitter could go bankrupt

  • November 11, 2022
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Elon Musk, who has been trying to buy Twitter since April and finally reached his goal on October 28, has been on the agenda for every statement in

Elon Musk: Twitter could go bankrupt

Elon Musk, who has been trying to buy Twitter since April and finally reached his goal on October 28, has been on the agenda for every statement in recent weeks. Layoffs and resignations of key figures Twitter held its first meeting with Elon Musk.

Twitter employees and Elon Musk gathered at the meeting, and the employees had an hour-long Q&A session with Musk. Elon Musk on Twitter can go bankrupt He even added many important statements as he said it. Some of the prominent statements of meeting recordings obtained by The Verge were as follows:

Twitter can be a bank!

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“I think you have this transformative capability in payments. Payment is really just an exchange of information. In terms of information, for example, there isn’t much of a difference between sending a direct message and sending a payment. These are basically the same. “Basically, you can use a direct messaging stack for payments, and this is definitely the path we’ll be taking. Twitter allows people to instantly send money to anywhere in the world in real time. We just want to make it as useful as possible.”

Twitter could go bankrupt if no action is taken:

“We definitely need to bring in more money than we spend. If we don’t and there’s a huge negative cash flow, bankruptcy threatens. This is a priority. We cannot reach 1 billion users and take huge losses along the way. This is not possible. I don’t think we will.”

Is Twitter coming back to TikTok?: “Why are we giving free traffic to YouTube?”

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“We’re not trying to disable YouTube, but I’m just saying: Do we really need to give YouTube a lot of free traffic? Maybe not. So at the very least give creators the opportunity to put their videos on Twitter and earn the same or maybe a little more than what they get on YouTube or TikTok, no matter the case.

I was actually poking around Twitter video where you can translate videos if you switch to full screen video mode. It’s actually not bad. And I said, ‘Okay, well, pretty good. I think it makes a lot of sense to build on that.

How do we start the creator wheel if we don’t have ads for the video in the first place? This is where subscriptions come into play as YouTube also has subscriptions and doesn’t show ads to subscribers. I think it makes sense here to spend some money and at least match a little bit better with creators on YouTube than match, and for now I think we’re going to pay them fairly competitively, maybe a little more than YouTube for their content on Twitter.”

He gave another answer to the discussions about remote working:

Elon Musk, who recently completely turned off remote working, made a new statement reflecting the mounting controversy. Musk said succinctly:

“Let me be honest. While people can return to the office, they cannot stay in the company if they do not return to the office. If you can come to an office but are not, your resignation has been accepted. This much.”

Source: Web Tekno

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