Per The Verge's transcript, one Twitter employee asked Musk how Twitter could increase the number of projects, similar to Twitter Blue, on a sustainable level.
Musk replied, saying Twitter needed to urgently boost subscriptions while a"serious recession" was around the corner. He added that Twitter was in a"dire situation from a revenue standpoint" because recessions have a big impact on advertising. "You may have read that I sold a bunch of Tesla stock. The reason I did that was to save Twitter," Musk said during the meeting, per The Verge."The reason that we are going hardcore with subscribers is to keep Twitter alive."
Musk told Twitter staff to expect one or two years of recession, which will disproportionately affect the company, according to The Verge's transcript. Twitter didn't immediately respond to Insider's request for comment made outside of normal working hours. Subscribe to push notificationsNOW WATCH: What happens when Elon Musk moves markets with a tweet
Should’ve talked to a therapist before his midlife crisis and trauma compounded to make Twitter self implode
When Warren Buffet liquidates Bank investments, you should all be paranoid about that.
Not again, is this the fastest one ok
elonmusk you’re remarkable and you’re doing perfectly fine.
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