Elon Musk completed the acquisition of the Twitter platform on October 27, 2022 for $ 44 billion and since joining the company, we have seen many new events and decisions that will completely change the nature of the platform in the coming period.
Today we will look at all the changes that have occurred on Twitter since Elon Musk took over:
1- Mass layoffs of Twitter employees:
Elon Musk made his first Twitter decision as soon as he walked into the corporate headquarters on October 27, 2022; The CEO of the platform was Parag Agrawal, Chief Financial Officer Ned Segal, Legal Officer Vijaya Gadi and Shaun Edget, General Counsel.
of Twitter current gentlemen and peasants system for who has or does not have a blue check mark is bullshit.
Power at people! Blue for $ 8 / month.
– Elon Musk (@elonmusk) November 1, 2022
He then quietly fired other executives, including some who announced their resignations, including firing the CTO while he was in leave of absence.
Then, four days later, Sarah Personnet, Twitter’s ad sales manager, quit her job, which worried advertisers even more.
By the morning of Friday, November 4, 2022, Musk had fired a whopping 3,700 – nearly half of Twitter’s employees – and that affected all of the company’s departments.
Employees were told Thursday night in an email that the company would begin the difficult workforce reduction process on Friday.
“We understand that a number of people who have made significant contributions to Twitter will be interested, but unfortunately this action is necessary to ensure the company’s future success,” the letter reads.
And it didn’t take long for some employees to file a lawsuit on Twitter for the layoff proceedings.
Musk also said he plans to implement the plan to lay off employees, reducing infrastructure costs by $ 1 billion annually.
2- Increase in the price of the account authentication service:
On November 1, Musk announced his service in Blue’s Twitter subscription would have been priced at $ 8 per month from $ 5 after criticizing its plan of charging $ 19.99 per month for the service.
Twitter had a huge drop in Revenue, due to activist groups who put pressure on advertisers, even if nothing has done so changed with content moderation and we’ve done everything we can to appease the title.
Extremely messed up up! They are trying to destroy free speech in America.
– Elon Musk (@elonmusk) November 4, 2022
“Power to the people! Blue for $ 8 a month!” Musk tweeted.
Then the Twitter platform started on Saturday, November 5, launching the Twitter Blue service at $ 8 a month for application users via iPhone phones, as the latest Twitter update is now available in the Apple App Store (App Store), which indicates that users who pay a $ Per $ 8 per month fee will receive the blue verification check mark on their account just like: the celebrities and politicians we already follow.
The update is currently listed as available to users in the United States, Canada, Australia, United Kingdom, and New Zealand.
But on Sunday the New York Times quickly reported that Twitter has postponed user access to the service until after the end of the US midterm elections scheduled for Tuesday to avoid influencing the election or creating confusion because the service makes it easy for any user verify their account, making it a trusted body for users. .
3- Advertisers have withdrawn from Twitter:
Musk’s decisions to fire employees and reduce restrictions on content posted on Twitter have alarmed advertisers across the platform and this has prompted IPG, one of the largest advertising companies in the world, to recommend its customers to suspend spending on the. platform.
Bring back Lives?
– Elon Musk (@elonmusk) October 31, 2022
IPG’s clients include: American Express, Coca-Cola, Fitbit, GoPro, Johnson & Johnson, Levi Strauss & Co, Mattel and Spotify.
Other companies have stopped advertising on Twitter in recent days, including: Volkswagen, General Motors, Pfizer and Audi. This caused a significant drop in the platform’s revenues, announced by Elon Musk via his account, and attributed the reason to pressure from activist groups on advertisers!
4- The return of the Vine service for videos:
In an October 31 tweet, Musk interviewed his followers to see if they would like to bring back Vine, the short video service that was discontinued on Twitter.
About 70% of his followers said yes, and within a day reports surfaced that he had ordered the developers to work to restore the Vine service, with a deadline at the end of. quest’year.
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