Nov 4, 2022
Twitter: Elon Musk blames 'activist groups' for earnings drop
Elon Musk, the new owner of Twitter, has blamed "Activist groups pressuring advertisers" for a "Massive drop in revenue" as the company makes sweeping job cuts in an effort to save money. The billionaire owner of Tesla tweeted that "Activists" raising concerns about how Twitter is moderated are "Trying to destroy free speech in America". It came as Twitter made widespread job cuts around the world on Friday. Volkswagen is among the brands that has stopped advertising on Twitter since Mr Musk bought the social media company. Online safety groups and campaigners have expressed concerns about Mr Musk's plans to relax content moderation and reverse permanent Twitter bans given to controversial figures including former US president Donald Trump.
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