was a poison pill so they were like, hell, no, you can t buy twitter, we would rather die. it will chew on cyanide before being bought, that was their initial response. find cyanide before being bought, that was their initial response. and then ou said, was their initial response. and then you said, actually was their initial response. and then you said, actually i was their initial response. and then you said, actually i don t was their initial response. and then you said, actually i don t want - was their initial response. and then you said, actually i don t want to i you said, actually i don t want to buy it. you said, actually i don t want to bu it. , ., buy it. and then they said, no, you must buy us. buy it. and then they said, no, you must buy us, gone buy it. and then they said, no, you must buy us, gone to buy it. and then they said, no, you must buy us, gone to the - buy it. and then they said, no, you must buy us, gone to the head, . buy it. and then they said
previous management turned a blind eye to the bots because their bonuses were tied to user growth and death your competition is tied to user growth then you re not going to look too closely at some of the users, that is part of the problem. so i think there is less dense information because we have the bot problem that we used to. unreal so had given a lot of attention to community notes which corrects, that when community itself corrects misinformation and it has been very effective. ., ., , , ., effective. and have only ust add that we have i effective. and have only ust add that we have spoken effective. and have onlyjust add that we have spoken people - effective. and have onlyjust add that we have spoken people whoj effective. and have onlyjust add - that we have spoken people who have been sacked that used to being content moderation and we ve spoken to people very recently have been involved in moderation they say is not enough people to police the stuff particularly aroun
you then came into twitter with a sink. what were your first impressions? well. i thought, wow, this is a really nice office building. expensive? yes, a very expensive office building. great decor. it is a lovely place. and definitely spending money like it is going out of fashion, and it isn t quite going out of fashion yet. the gravity of the situation is perhaps not too well understood of, you know, at the point where the company, the transaction closed, twitter was tracking to lose over $3 billion a year, and had i billion in the bank
well, who is to say that something is misinformation? who is the arbiter of that? is that the bbc? are you literally asking me? you are the arbiter on twitter because you own twitter. 5 the arbiter on twitter because you own twitter- own twitter. s misinformation is another person s own twitter. s misinformation is another person s information. . own twitter. s misinformation is| another person s information. the point you said. another person s information. the point you said- another person s information. the point you said. misinformation can be dangerous. point you said. misinformation can be dangerous, that point you said. misinformation can be dangerous, that it point you said. misinformation can be dangerous, that it can - point you said. misinformation can be dangerous, that it can cause i be dangerous, that it can cause real world harms, that it can potentially cause. element the bbc itself has at times published things that are false. d0 agree that has occurred?
so that is four months to death, so that is the starting position. how would you feel? it was pretty intense, you know? you also had to borrow quite a lot of money and pay interest on that too. that was why it was a $3 billion loan rate. in rough numbers, a normal year twitter would do $4.5 billion in revenue, $4.5 billion in cost. it was kind of like a nonprofit and they d run it at roughly break even. but that is not bankruptcy. you re not saving that company from bankruptcy if it is breaking even. but then the issue is that if you then add half $1 billion but then the issue is that if you then add half a billion dollars of debt servicing and have a massive drop in revenue, which we did, which is partly cyclic and partly political concerns and whatever, so revenue dropped by over a third, notjust twitter, you know, facebook and google also saw facebook