Elon Musk, the new head of Twitter, informed employees of the social network about the company’s difficult financial situation, saying that “the economic picture is dire.”
Elon Musk says Twitter may not survive an economic recession
According to reports, it appears that Twitter’s new CEO Elon Musk contacted the company’s employees and sent them an initial email showing his critical remarks on the social network’s economic picture.
Basically, Musk described that economic picture as “dire,” further specifying that Twitter may not survive the impending economic recession.
This rather dubious prediction about the company’s future stems from the fact that the social network is heavily dependent on advertising, something that may still be too vulnerable in this time of “economic crisis.”
In this regard, Elon Musk wrote:
“Frankly, the economic picture ahead is dire. […] 70% of our advertising is brand, rather than specific performance, which makes us doubly
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