Not long after Elon Musk’s acquisition of 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.
“Elon Musk does not stop Twitter ads”
WPP CEO Mark Reid, who said he had no doubt that Twitter will become a much stronger product after Elon Musk, said, “Musk’s fake bots Many of his ideas on 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 the advertising revenues, Reid said, “I don’t think he would want to give 44 billion and buy a company just to stop the revenue flow.”
Elon Musk, in a statement before his agreement with the Twitter board was finalized, said 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 his 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 announced in a tweet he shared today that Truth Social has left Twitter behind.
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