If nothing else, $44 billion has bought Twitter power-user Elon Musk status as the No. 1 most-followed account on the social network. As of Thursday morning, Musk had 133.088 million users — …
, at which point only paying subscribers will be eligible for blue check-mark badges.
Musk has said that given Twitter’s drop in ad revenue and additional debt payments it needs to make , the company was on pace to go bankrupt within four months. The situation required “immediate and drastic action,”at the 2023 Morgan Stanley Technology, Media and Telecom Conference. With the layoffs and other cost reductions, Twitter has reduced its annualized burn rate to about $1.5 billion down from $4.
Musk is now No. 1 on Twitter, but he is no longer the wealthiest individual on Earth after the value of his Tesla stock holdings declined last year. The tech mogul is the second-richest person in the world behind luxury-brand mogul Bernard Arnault, CEO of LVMH Moët Hennessy Louis Vuitton , perAfter Musk and Barack Obama, the most-followed Twitter accounts currently are Justin Bieber , Katy Perry , Rihanna , Cristiano Ronaldo and Taylor Swift .
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Can Mastodon seize the moment from Twitter?Can Mastodon seize the moment from Twitter, on this week’s DecoderPod
Read more »
Elon Musk becomes Twitter’s most followed userTwitter CEO Elon Musk is now the most followed user on the social network.
Read more »
Twitter is secretly boosting Elon Musk, Dril, and MrBeast for some reasonBen Shapiro, LeBron James, and catturd2 also made the list.
Read more »
Elon Musk: Twitter needs good customer service if users are payingElon Musk says he's working on Twitter's customer service — but some Tesla and Starlink customers haven't been impressed when trying to receive support
Read more »
Can Twitter thrive under Elon Musk? Ask Tesla...Buying your blue tick verified status? Sounds controversial. But if Twitter under Elon wants to make money, it should look at Tesla...
Read more »
The Boys: Karl Urban Not Buying Into Elon Musk's Twitter Rescue PlanTheBoys star KarlUrban offered fans the heads-up earlier today that he's not paying for Twitter, so he's going checkless as of April 1st. / ElonMusk TheBoysTV Amazon PrimeVideo
Read more »