In a live interview with the international news portal, billionaire Elon Musk said managing Twitter has been “quite painful” and “a roller coaster”. The multi-billionaire businessman also said he would sell the company if the right person came along.
Elon Musk, who also runs automaker Tesla and rocket company SpaceX, bought Twitter for $44 billion (£35.4 billion) in October last year in a process that lasted months before the sale was finalized. completed. In the interview, he admitted that he only made the acquisition because a judge was about to force him to make the purchase.
During the conversation, he defended his management of the company. Asked if he regretted buying Twitter, the second richest man in the world said that “the pain level of the acquisition process was extremely high, this was not some kind of party“.
Already talking about his time at the helm so far, Elon said: “It hasn’t been boring. It’s been a roller coaster“. He said it’s been “a really stressful situation in the last few months“, he added, but said he still felt that buying the company was the right thing to do.
After building a stake in Twitter in early 2022, Elon made a takeover bid. But Twitter later sued him after he tried to back out of the deal.
Things are going “fairly well”, Musk told the BBC, saying that use of the social network has increased and “the site works”. The workload makessometimes sleep in the office”, he said, adding that he has a place at the company’s headquarters with a library “where no one goes.
Elon also addressed his often controversial tweets saying: “Did I shoot myself in the foot with tweets multiple times? Yes. I don’t think I should tweet after 3am“
Discussing Twitter’s finances, Elon Musk said the company is now “nearly breaking even” as most of its advertisers have returned. He also said reducing the workforce from just under 8,000 at the time he bought the company to around 1,500, a process he described as not being easy. He admitted that he didn’t fire everyone personally, saying: “It’s not possible to talk to so many people face to face“.
The departure of many Twitter engineers since Musk bought the company has raised concerns about the platform’s stability. He acknowledged some glitches, including website outages, but said the outages don’t last long and the site is working fine.
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