‘Economic picture ahead is dire,’ Elon Musk tells Twitter employees

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‘Economic picture ahead is dire,’ Elon Musk tells Twitter employees
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Two weeks after closing a $44 billion deal to buy Twitter, Elon Musk sent emails to the employees of the social media company late Wednesday, his first communication with them after mass layoffs and high-pressure drives to create new products.

SAN FRANCISCO — Two weeks after closing a $44 billion deal to buy Twitter, Elon Musk sent emails to the employees of the social media company late Wednesday, his first communications with them after mass layoffs and high-pressure drives to create new products.

Twitter, whose communication department has been almost entirely laid off, did not immediately respond to a request for comment. Bloomberg earlier reported Musk’s emails. Twitter has typically reviewed its products for privacy problems before rolling them out to users, to avoid additional fines from the FTC and remain in compliance with the settlement. But because of a rapid pace of product development under Musk, engineers could be forced to “self-certify” so that their projects meet privacy requirements, one employee wrote in an internal message seen by the Times.

The company earns about 90% of its revenue from advertisers, some of whom have shied away from the platform in recent days because of uncertainties over Musk’s commitment to removing toxic content from Twitter. He has responded by threatening a “thermonuclear name & shame” of advertisers who choose to halt their spending.

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