Not long after Elon Musk bought Twitter for $44 billion, expectations for the company’s future began to come one after another. Musk said that he doesn’t care about Twitter’s economic return and cares more about a maximum reliable platform.
In this context, Mark Reid, CEO of UK-based advertising and public relations company WPP, made an important statement. Speaking about Elon Musk’s plans to reduce Twitter’s dependence on advertising, Mark Reid shared a prediction, stating that if the ads were removed, it would cause great harm to the company.
Cold shower to Elon Musk: Record depreciation in Tesla after Twitter!
Elon Musk bought the Twitter platform. However, this deal deeply affected Tesla. Because the company experienced a record loss in value.
“Elon Musk won’t stop Twitter ads”
WPP CEO Mark Reid said he has no doubt that Twitter will become a much stronger product after Elon Musk, adding, “Many of Musk’s ideas on fake bots, improving algorithms and improving customer experience are important to the platform, users and our customers. . All great.” said.
Mark Reid also considered the possibility of the Twitter platform being completely free of ads. Expressing that he does not think that Elon Musk will cut advertising revenues, Reid said, “I don’t think you’d want to give $44 billion to buy a company just to stop the revenue stream” he said.
Elon Musk said in a statement before his agreement with the Twitter board was finalized that he did not expect to profit from the acquisition. In an interview on April 14, Musk also stated that his interest in Twitter is completely well-intentioned, “This is not the way to make money. I don’t care about the economy,” he explained.
Musk surprised with Truth Social statement
Truth Social, the social media platform established by former US President Donald Trump after he was permanently banned from Twitter, was launched in February. While the platform remained below expectations with 500 thousand users; Elon Musk in a tweet he shared today Truth Social has surpassed Twitter announced.
What do you guys think about this? You can share your views in the comments or on the SDN Forum.