Business magnate and investor, Elon Reeve Musk has revealed that Twitter has been ‘quite painful’ and a ‘rollercoaster’ ever since he owned it.
The multi – billionaire entrepreneur in an arranged live interview with BBC said he would sell the company if he finds the right person.
Mr. Elon Musk bought twitter for $44bn in the month of October. The interview took place at the company’s headquarters in San Francisco and covered his work habits, misinformation, and the huge layoffs but he acknowledged that the only reason he carried out the takeover was that a judge was ready to order him to buy the company.
Mr. Musk declared that Twitter will change its newly added label for the BBC’s account from “government funded media” to say it is “publicly funded” instead.
Mr. Musk defended his leadership of the company during the conversation, in which he attempted to conduct the interview as much as the other way around.
When asked if he regretted purchasing Twitter, the second-richest man in the world replied that the “pain level has been extremely high, this hasn’t been some kind of party.”
Mr. Musk said of his early days in charge: “It hasn’t been dull. It has certainly been a rollercoaster.
He continued, saying it had been “really quite a stressful situation over the last several months,” but he insisted that he still believed purchasing the business was the best course of action.
At the beginning of 2022, Mr. Musk increased his ownership of Twitter and offered to buy the company.
But after he attempted to back out of the agreement, Twitter later sued him.
According to Mr. Musk, things are “reasonably well,” as evidenced by the fact that more people are using the site and that “the site works.”
He added that due to the workload, “I sometimes sleep in the office” and that he had a couch spot in a library “that nobody goes to”.
And he also commented on his occasionally contentious tweets, asking: “Have I repeatedly wounded myself in the foot with tweets? Yes’’
“I think I should not tweet after 3am,” he added.
With the majority of its advertisers coming back, Mr. Musk claimed that Twitter is now “roughly breaking even” when speaking about its financial situation.
He added that it had not been simple to reduce the staff from just under 8,000 when he purchased the company to roughly 1,500.
It’s not practical to speak with so many people face to face, he acknowledged, therefore he did not terminate everyone in person.