1. Could Elon Musk’s era spell the end of social media billionaires? (The Guardian)
2. (1) Roughly translated, that means the world’s richest man has bought his favourite megaphone. (2) The company struggled for years to make a profit. (3) Tesla spends next to nothing on advertising, but Musk’s actions generate acres of free coverage.
3. Twitter, which is having a hard time making a proper profit for years, has been sold to Elon Musk at $44bn plus $13bn of debt. Known as an obsessive Twitter tryhard, it is certain that his actions shown in Twitter have a massive impact on several concerned parties. He saw the potential of Twitter as its success with a small fraction of its users, compared to big social media companies’, relies on powerful and authoritative personnel, such as politicians, celebrities, journalists and so on. In order to make up for the losses he has to bear with, he is planning to lay off its employees, make cuts in several departments at Twitter, and charge its active users subscription fees for using verified accounts.
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