The SpaceX founder is desperate to make money on Twitter, so he’s pushing his employees to the max to create new code for future payment services.
Elon Musk has issued an ultimatum to the Twitter employees: either create an account verification payment system before November 7, or they will be fired. A lots of they are sleeping in the office, To not waste time. Eat, sleep and work.
bad times for Twitter employees, after the purchase of the company by Elon Musk. Good part of them have been laid off, and those who remain are under great pressure.
With a twitter debt short term of $1 billion according to TheVerge, Musk has to get money even from under the rocks. But he has come to the company at a bad time, with the economic crisis caused by the rise in energy prices and inflation, which has reduced consumption and with it, advertising activity.
Twitter workers sleeping in the office
Elon Musk has outlined five big changes for Twitter, and most of them involve instituting paid subscriptions.
He has thrown many random ideas into the air in a chaotic way, and it is not clear which ones he will apply. He has spoken of get paid to write tweets with videosby send direct messages, and more. But the final decision is price go up twitter blue from the current $4.95 to $20, and include various things. Among them, the account verification. O well charge 8 dollars a month just for this.
The account verification It is that blue mark that many accounts of important characters have, to certify that they are really them.
Elon Musk has issued an ultimatum to its Twitter employees: either present a payment verification system before November 7, or they will be fired. They have only one week to complete the work.
It is very little time for a system that requires a layer of security to prevent cheating, payment systems, integration into the current subscription, etc. That’s why many Twitter employees are sleeping in the officeTo not waste time:
When your team is pushing round the clock to make deadlines sometimes you #SleepWhereYouWork https://t.co/UBGKYPilbD
— Esther Crawford ✨ (@esthercrawford) November 2, 2022
It is difficult to know to what extent a denouncing tweet is or a “pride” tweet, since some Twitter employees They explain in the comments that they are willing to work so hard to get the company through tough times.
But the reality is that even if they finish their work on time and Twitter charges a 8 euros per month to the 400,000 users who have their Verified accountthat’s just $38.4 million a yearwhich are not enough to cover the 1,000 million short-term debt that it has now.
And even if you impose other subscriptions, users are unlikely to sign up in droves. Most of the revenue should come from advertisingThat’s why the first tweet Musk sent after buying Twitter was to advertisers. But if the social network becomes radicalized, advertisers will flee.
The demands of Elon Muskbass threat of dismissalare forcing Twitter employees to sleep in the officeand just dedicate yourself to work. These are tough times for the social network, and Musk is not going to make it easy for them.