As the executives leave, Musk paints a grim picture for Twitter

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  • Two weeks after signing a $44 billion deal to acquire Twitter, Elon Musk emailed employees of the social media company late Wednesday.

Musk paints Twitter’s bleak financial picture, including an end to its work-from-home policy and a renewed focus on generating revenue and fighting spam. , outlined the changes in the company.

In an email, Musk, 51, said, “This is my first email to the company, but there’s no way I can fool the message. ‘The economy ahead is bleak.’

Vulnerable to declining brand spend and need to increase subscription revenue.

Musk’s email comes at a time when Twitter continues to be rocked by his transformation. Last week, he cut about 50% of the company’s 7,500 employees.

In another note to staff, he wrote, “Our absolute top priority is finding and blocking all verified bots/trolls/spam.”

At the same time, Musk has pushed for product changes that could help Twitter make more money, such as promoting subscription products. He previously said the company was losing his $4 million per day.

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