Musk, the world's richest man, spent $44 billion (about 315.3 billion yuan) to acquire Twitter in October last year, and recently, according to foreign media reports, Elon Musk bought Twitter a year later, the company is now valued at $19 billion, a decrease of 55%. Twitter is a very popular social networking platform with a large user base and extensive influence.
More than 80 percent of its original 7,500 employees have quit or been laid off, and today there are fewer than 2,000, which equates to a three-quarter less. Musk also changed the service's certification process and content moderation rules.
For example, relaxing content moderation, limiting the number of posts that users can see, introducing paid membership privileges, implementing "hardcore software engineering" to drastically reduce jobs, and officially renaming Twitter "X", etc.
Some time ago, X's engineering team issued a long article announcing some of the results achieved in the past 1 year, with a 60% reduction in costs, a 90% reduction in volume, and a 75% reduction in employees.
Elon Musk is a high-profile entrepreneur, engineer, and dreamer with a whopping $232 billion in assets. He is known for his disruptive innovations in the technology industry, his focus on the environment and energy, and his cutting-edge breakthroughs in space exploration.
Although the market value of the news released has shrunk by 55%, some netizens think that Musk "made a lot of money!".Musk's reason for buying Twitter was that he could "do whatever he wanted" on this software. Musk's Twitter is not about how much money to make, but to win this position, otherwise with Musk's "big mouth", he may be banned many times.