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so let's get down to business and we
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start with the exclusive interview that
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took place in San Francisco between Elon
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Musk and our technology correspondent
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James Clayton it is one of his first
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interviews since he bought Twitter for
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44 billion dollars he defended his
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decision to lay off a massive number of
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Staff saying that Twitter only had four
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months to live in less drastic measures
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were taken
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these are rough numbers a revenue
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dropped from four and a half billion to
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three
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um uh and um expenses went from four and
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a half to six creating a three billion
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dollar negative cash flow situation and
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Twitter having a billion dollars in the
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bank that's four months to live
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so unless drastic action was taken
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immediately this company is going to die
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let's talk about that drastic action
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because almost immediately
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um you sacked a lot of Twitter workers
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um yeah and and I I spoke to them it's
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very easy to speak to them uh when it
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happened and and the way they said
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pretty much everyone said is that it
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felt quite haphazard it was and it felt
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a little bit uncaring do you do you say
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uncare
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you know the issue is like uh the
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companies are going to go bankrupt or if
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we do not cut costs immediately
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um this is not a caring uncaring
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situation it's like if whole ship sinks
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so nobody's got a job
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right yeah but a lot of people just lost
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their jobs like that
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um and and they went they didn't even
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know they would they'd lost their jobs
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often they just they were just frozen
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out of their accounts what would you do
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well you might want to give someone some
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notice I mean you might it's by the way
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I'm not running Twitter but I know this
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is the criticism and this is what actual
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this is what staff members say a little
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bit of notice uh you know no I
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understand if you're four months to live
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120 days and 120 days you're dead
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so how so what do you want to do how
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much are you worth
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I don't know
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but I mean we're talking about around
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the 200 billion dollar Mark I mean it's
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not quite you're framing it in in a way
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that that you know it had had a few
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months to live you're quite a rich man
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um I saw a lot of Tesla stock to close
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this deal but I did not want to sell the
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Tesla stuff
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in what was quite a lengthy interview
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Elon Musk also said he is confident that
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the social media platform Twitter will
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become profitable again and advertisers
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will return let's have a listen to this
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in terms of advertising obviously the
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Twitter's not a private company anymore
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so we don't really know how it's how
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it's all going have all the advertisers
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come back
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uh not all but most
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and you can see it for yourself on
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Twitter even in the for you feed right I
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mean no sorry in the following don't use
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for you because it sucks rightly
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[Laughter]
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um
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um that's not what I said okay well why
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don't you use for you what's wrong with
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it
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um
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how is it going is is twittering profit
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now
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no Twitter is uh uh rough I'd say we're
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roughly break even at this point
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and I think you've said before you you
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see a you see a world where you could be
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in profit
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is there a timeline on that do you think
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I mean
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depending on how things go if current
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trends continue I think we could be
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profitable or I mean
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to be more precise we could be cash flow
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positive uh this quarter if things keep
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going well
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this quarter as soon as that uh possibly
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yeah wow
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um and do you have a message for the
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advertising I mean can you say which
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advertisers haven't come back
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um
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I think I think almost all of them have
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either come back or said they're going
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to come back there are very few
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exceptions can you say any of the
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exceptions
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I actually don't know of anyone who said
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definitively they're not coming back
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they're all sort of training towards
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coming back but there are some that just
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happened in the water's warm it's great
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that's your message to the to the
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advertisers they haven't come back yeah
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I mean look uh you know if if if Disney
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feels comfortable
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um advertising you know children's
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movies and apple feels comfortable
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advertising iPhones those are good
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indicators that Twitter is a good place
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to advertise
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um
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I want to talk about
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if you have any regret regrets and and
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you know I think you were Buddha Dave
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Chappelle concert I think your own
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lawyer said a little a little well
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some say a little some say a bit more
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um I think our own lawyer said you
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couldn't get a fair trial in San
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Francisco because there are lots of
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people that don't necessarily like you
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here yeah but you know I didn't say it I
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was wrong he was wrong I guess the uh
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because I was wedded uh by the San
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Francisco jury unanimously
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so
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but I guess but look do you have any
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regrets about buying Twitter
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um I think it was something that needed
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to be done
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um
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difficult you know I'd say that like the
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the pain level of Twitter has been
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extremely high
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um this hasn't been some sort of party
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um so uh it's been really quite a
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stressful situation uh you know for the
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last several months not not an easy one
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but apart from the pay I mean so it's
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been quite painful um but I think uh at
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the end of the day it should have been
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done I think tonight were there many
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mistakes made along the way of course
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you know
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um and uh
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but you know all swell it ends well and
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so I I feel like we're headed
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to a good place
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um you know where
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roughly break even I think we're
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trending towards being cash flow
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positive very soon like literally in a
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matter of of months the advertisers are
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returning
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um the I think the quality of
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recommended tweets has improved
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significantly and we've taken a lot of
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feedback from people that have looked at
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the open source recommendation algorithm
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and we've we've made a lot of
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improvements even even since that was
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made open source and we're going to keep
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doing that so overall I think the trend
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is very good so
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well let's unpack this further with our
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business reporter Gerald de Silva who
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joins us from our Bureau in Singapore
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Joe it was an extraordinary conversation
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you and I were both watching it live you
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in aubure and Singapore me in the studio
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here in London
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um he he he had so much to say about so
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many things but when it comes to Twitter
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itself and The Business
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he does sound confident he he is telling
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us all we'll be back in profit soon and
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advertisers will be back
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well we'll have to wait and see but Elon
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Musk did sound very upbeat in that
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interview he talked about daily usage
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being up and yes the company finally
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breaking even now that according to him
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advertisers are back he told James at
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one point how the situation was Bleak
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when he first took over accused the
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previous management of running it as a
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non-profit saying that the company had
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only in his own words a few months to
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live and he said that like other
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internet companies Twitter was facing a
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massive drop in Revenue all of that to
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justify of course those controversial
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Mass layoffs that we saw at Twitter
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earlier this year he admitted that the
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head count has gone from 8 000 to 1 500
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under his leadership the thing is many
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analysts are saying that that medicine
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might actually be the poison that's
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hurting Twitter many people in the
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content moderation team have been fired
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and advertisers fear that increase that
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increases the likelihood that their
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products will appear next to toxic
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content on the platform and we do know
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that major advertisers like Volkswagen
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like General Motors deed part did pause
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their relationship with Twitter earlier
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this year so we'll have to really wait
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and see whether indeed mask has reason
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to be optimistic about Twitter's future
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okay Joe thank you very much geralda
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Silva in Singapore just to say online
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you can see and read more about that
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exclusive interview you can listen and
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watch at your leisure as and wish so
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that's BBC online but also the news app
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as well so do take a look