{"id":10951,"date":"2022-11-05T13:00:06","date_gmt":"2022-11-05T13:00:06","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/musk-says-twitter-could-become-one-of-worlds-most-valuable-companies"},"modified":"2022-11-05T13:08:27","modified_gmt":"2022-11-05T13:08:27","slug":"musk-says-twitter-could-become-one-of-worlds-most-valuable-companies","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/musk-says-twitter-could-become-one-of-worlds-most-valuable-companies","title":{"rendered":"Musk Says Twitter Could Become One of World’s Most Valuable Companies"},"content":{"rendered":"

Africa-Press – Sierra-Leone. <\/strong><\/span>Billionaire entrepreneur Elon Musk said on Friday that Twitter, which he recently acquired, could become one of the most valuable companies in the world.<\/p>\n

Musk said earlier on Friday that Twitter has suffered a massive slump in revenue due to activist groups pressuring advertisers after he took over the social media network, criticizing it as an attempt to “destroy free speech in America.”<\/p>\n

US media reported on Friday that Musk began laying off Twitter workers. Musk tweeted that the company has no other choice but to reduce Twitter’s force since the company is losing money.<\/p>\n

“Regarding Twitter\u2019s reduction in force, unfortunately there is no choice when the company is losing over $4M\/day,” Musk said on Twitter, adding that “everyone exited was offered 3 months of severance, which is 50% more than legally required.”<\/p>\n

Musk closed a $44 billion deal to purchase Twitter on October 28 after months of negotiations and legal disputes with the company about the number of fake accounts on the social media platform, which the entrepreneur believed was much higher than the company reported.<\/p>\n

After completing the acquisition of the social media network, Musk fired Chief Executive Officer Parag Agrawal, Chief Financial Officer Ned Segal, and Chief Legal Officer Vijaya Gadde. The US billionaire also said that a special council “with widely diverse viewpoints” would be set up to moderate the platform.<\/p>\n

On Monday, various America media reported that Musk planned to lay off 25% of the Twitter workforce in an initial round of cuts after the takeover. Prior to this, the media outlet reported, citing corporate documents, that the entrepreneur intended to fire 75% of Twitter employees, but Musk denied the reports.<\/p>\n

For More News And Analysis About Sierra-Leone<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Sierra-Leone. Billionaire entrepreneur Elon Musk said on Friday that Twitter, which he recently acquired, could become one of the most valuable companies in the world. Musk said earlier on Friday that Twitter has suffered a massive slump in revenue due to activist groups pressuring advertisers after he took over the social media network, […]<\/p>\n","protected":false},"author":84,"featured_media":10950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[291,293,292],"class_list":["post-10951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"\nMusk Says Twitter Could Become One of World's Most Valuable Companies - Sierra Leone<\/title>\n<meta name=\"description\" content=\"Billionaire entrepreneur Elon Musk said on Friday that Twitter, which he recently acquired, could become one of the most ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/musk-says-twitter-could-become-one-of-worlds-most-valuable-companies\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Musk Says Twitter Could Become One of World's Most Valuable Companies\" \/>\n<meta property=\"og:description\" content=\"Billionaire entrepreneur Elon Musk said on Friday that Twitter, which he recently acquired, could become one of the most ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/musk-says-twitter-could-become-one-of-worlds-most-valuable-companies\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-05T13:00:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-05T13:08:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/11\/postQueueImg_1-6366602748f98.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/musk-says-twitter-could-become-one-of-worlds-most-valuable-companies#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/musk-says-twitter-could-become-one-of-worlds-most-valuable-companies\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Musk Says Twitter Could Become One of World’s Most Valuable Companies\",\"datePublished\":\"2022-11-05T13:00:06+00:00\",\"dateModified\":\"2022-11-05T13:08:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/musk-says-twitter-could-become-one-of-worlds-most-valuable-companies\"},\"wordCount\":297,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/musk-says-twitter-could-become-one-of-worlds-most-valuable-companies#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/11\/postQueueImg_1-6366602748f98.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/musk-says-twitter-could-become-one-of-worlds-most-valuable-companies#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/musk-says-twitter-could-become-one-of-worlds-most-valuable-companies\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/musk-says-twitter-could-become-one-of-worlds-most-valuable-companies\",\"name\":\"Musk Says Twitter Could Become One of World's Most Valuable Companies - 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