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Twitter owner Elon Musk said on Friday that the company has seen a “massive drop” in revenue since he took its helm last week.
“Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists,” Musk wrote on the platform.
The Tesla and SpaceX CEO closed his $44 billion deal with Twitter on Nov. 4 after months of back-and-forth, firing top executives at the company shortly after his takeover.
Musk also began working on a council that would make content moderation decisions and developing plans to lift lifelong Twitter bans, both controversial moves among site users.
