hello and welcome if you re watching in the uk or around the world. twitter s new owner elon musk has defended his decision to sack about half the firm s workforce without warning. mr musk said the social media platform was losing large sums of money every day. he s insisted twitter s commitment to content moderation remains unchanged, despite the loss of key staff and anxiety among advertisers. in an interview, elon musk revealed that twitter was losing around $4 million a day, meaning costs had to be cut. he promised twitter wouldn t degenerate into what he called a free for all hellscape when content moderation is loosened. but advertisers including general motors have withdrawn their business, which is likely to lead to a drop in revenues. and now twitter faces lawsuits from the hundreds of employees over the way they were fired. out technology editor, zoe kleinman, reports. elon musk did not speak to any of the twitter employees laid off today. he was a surprise guest
hello and welcome if you re watching in the uk or around the world. twitter s new owner elon musk has defended his decision to sack about half the firm s workforce without warning. mr musk said the social media platform was losing large sums of money every day. he s insisted twitter s commitment to content moderation remains unchanged, despite the loss of key staff and anxiety among advertisers. in an interview, elon musk revealed that twitter was losing around $4 million a day, meaning costs had to be cut. he promised twitter wouldn t degenerate into what he called a free for all hellscape when content moderation is loosened. but advertisers including general motors have withdrawn their business, which is likely to lead to a drop in revenues. and now twitter faces lawsuits from the hundreds of employees over the way they were fired.
After buying Twitter, Elon Musk wants to focus on content moderation and spambots. Now that Elon Musk has acquired Twitter, he centered his intentions for Twitter on the new moderation procedures he planned to implement.