Key Takeaways
- Twitter has been losing $4 million a day, which has led to Elon Musk laying off around 50% of their workforce.
- With advertisers leaving in droves, he’s looking for ways to generate revenue away from the traditional advertising model.
- One suggestion has been an $8 a month ‘Premium’ plan, but there have been new rumors surface that Musk may be considering putting the entire platform behind a paywall.
- He would need around a quarter of current active users to stay in order to replace the income generated from ads in 2021.
- The tech sector is becoming an increasingly difficult place for investors, but we use the power of AI to give you the best chance to generate profits, even in tough markets.
Elon Musk is rumoured to be considering a paywall for the entire Twitter platform. (Photo … [+]
Twitter is basically on fire right now. And we don’t mean on fire like they’re dominating their space. We mean on fire like an eccentric billionaire has thrown it on a bonfire of dry wood and newspaper and has just lit a match.
Since his purchase of Twitter finally completed on October 27, Elon Musk has been even more active than usual both on the platform and in the Twitter offices.
One of his first orders of business has been to fire a huge number of staff, with almost half of Twitter employees being shown the door. Some divisions or offices have…
