The Latest Breaking News on Truth Social’s Parent Company Reports A $73 Million Losss

The Tesla founder took over the social media platform just one week ago and is already making a number of controversial changes

Twitter laid off employees by sending emails or staff found themselves locked out of their laptops. Musk defends move in tweet, citing daily losses of $4 million.

Advertisers were worried about how Musk would handle content moderation after taking over the platform.

Claims that the social media platform’s entire curation team was dismissed prompts fears content could become ‘more toxic’

As people frantically refreshed their work and personal accounts to learn their fate, new owner Elon Musk sought to defend his decision to terminate thousands of jobs. He said the company had experienced a “massive drop in revenue” due to a flight of advertisers from the social network.

The emails started arriving in Twitter Inc. employees’ personal inboxes in the early morning hours Friday: “Today is your last working day at the company,” the message read.

Research estimates more than a million accounts have been suspended or deactivated.