Elon Musk fired the company's previous CEO and other senior executives shortly after the takeover.
Digital Desk: Twitter CEO Elon Musk, who has faced criticism for his controversial overhaul of the microblogging site, mocked critics who predicted that the social media giant would not be able to survive under the billionaire's leadership on Wednesday. "Wasn't Twitter supposed to be dead by now...?" "Perhaps we've gone to heaven/hell and don't know it (sic)," he tweeted.
Following a lengthy legal battle, Elon Musk purchased Twitter in October. Elon Musk fired the company's previous CEO and other senior executives shortly after the takeover. Twitter also laid off nearly 3,700 people this month via email in order to cut costs following the acquisition, which closed in late October. "Regarding Twitter's reduction in force, unfortunately there is no choice when the company is losing over $4M/day," Musk said in response to the layoffs on November 5.
Hundreds of Twitter employees are also thought to have left last week, following Musk's Thursday deadline for employees to sign up for "long hours at high intensity" or leave.
Meanwhile, as a social media platform, Twitter has already launched and rolled back several features in recent days, including a verification option for Twitter Blue subscribers, which is available to all users for $8 per month.
The first attempt to launch the feature resulted in an embarrassing flood of fake accounts, which scared advertisers. After their username was changed to "Elon Musk," verified accounts with millions of followers were banned.
Twitter Inc is also facing class action lawsuits alleging that it failed to provide advance notice of layoffs to contract workers and discriminated against disabled workers by prohibiting them from working remotely after Musk took over.
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