- The US President says that Musk has purchased a platform that spreads misinformation everywhere.
- Elon Musk recently claims that Twitter’s staff reduction is unavoidable.
Joe Biden, the US President has recently slammed Elon Musk for purchasing Twitter Inc (NYSE:). On Friday, Biden said that Musk has purchased a social media platform that spreads misinformation around the world.
And now what are we all worried about: Elon Musk goes out and buys an outfit that sends – that spews lies all across the world… There’s no editors anymore in America. There’s no editors. How do we expect kids to be able to understand what is at stake?
The President made remarks during a fundraiser in Chicago. Earlier, Karine Jean-Pierre, White House Press Secretary expressed that Biden had been clear on the importance of reducing hate speech and misinformation.
That belief extends to Twitter, it extends to Facebook (NASDAQ:) and any other social media platforms where users can spread misinformation.
At the same time, Elon Musk, the new head of Twitter Inc, has shared a new update regarding the employee reduction of the social media platform, revealing that “unfortunately there is no choice.” According to the billionaire, Twitter’s staff reduction is unavoidable when the company is losing over $4 million each day. He further added that all terminated employees were offered a three months severance pay, “which is 50% more than legally required.”
Following the completion of the $44 billion Twitter takeover deal, reports were spread that Musk had intended to fire at least half the Twitter employees to reduce expenses and save money.
Reports say that Musk has removed roughly half the company’s 7,500 employees, including Twitter’s topmost executives such as Parag Agrawal (CEO), Ned Segal (CFO), Vijaya Gadde (head of legal policy, trust & safety), and Sean Edgett (general counsel).
Recommended For You
- Twitter Faces Lawsuit Over Elon Musk’s Mass Layoff
- Elon Musk Completed Twitter Deal, Says “the Bird Is Freed”
(This article is generated through the syndicated feed sources, Financetin doesn’t own any part of this article)