Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Billionaire Elon Musk said in a tweet over the weekend that Twitter Inc had nearly 2,300 active employees.

A CNBC report last Friday stated that Twitter’s full-time workforce had been brought down to 1,300 active, working employees, which included about 550 full-time engineers.

Nearly 75 of that headcount are on leave including about 40 engineers, CNBC reported.

“The note is incorrect. There are about 2300 active, working employees at Twitter,” Elon Musk said in the tweet in response to the CNBC report.

“There are still hundreds of employees working on trust & safety, along with several thousand contractors,” he tweeted.

Additionally, Musk said that a higher priced subscription of the social media platform would not carry advertisements.

According to Twitter’s owner, ads are “too frequent” on the platform and “too big” and there would be measures taken to address those issues during the coming weeks.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Booking Rises on AI Upgrades and Dividend StrengthBooking Rises on AI Upgrades and Dividend Strength Key Moments Booking Holdings Inc. shares are trading 2.0% higher in the morning session at $170.79, defying broader U.S. equity market declines. Priceline's upgraded AI travel assistant, powered by Anthropic's Claude, has cut […]
  • UBS Raises Platinum Outlook as Investment Demand SurgesUBS Raises Platinum Outlook as Investment Demand Surges Key Moments UBS now sees platinum reaching $2,500 per ounce after prices doubled in seven months to record highs. The bank attributes the rally mainly to strong investment demand and tight physical supply. UBS warns that […]
  • BCH Eyes $380 as Key $428 Support Gives WayBCH Eyes $380 as Key $428 Support Gives Way Key Moments Bitcoin Cash (BCH) turned sharply lower after losing support around the $428 level, triggering fresh bearish momentum. Technical analysts now see the $380 area emerging as the next major downside target for BCH. […]
  • Forex Market: GBP/USD trading outlook for September 6th 2016Forex Market: GBP/USD trading outlook for September 6th 2016 Yesterday’s trade (in GMT terms) saw GBP/USD within the range of 1.3288-1.3377. The pair closed at 1.3302, inching up 0.07% compared to Fridays close. It has been the 152nd gain in the past 331 trading days and also a fourth consecutive one. […]
  • AUD/USD drops, poised for first weekly loss in four weeks as iron ore prices fallAUD/USD drops, poised for first weekly loss in four weeks as iron ore prices fall Australian dollar lost ground against its US counterpart on trading Friday and was set to register its first weekly drop in four weeks, after prices of iron ore, Australias largest export, fell.AUD/USD touched a session low at 0.8982 at […]
  • Kiwi Strengthens as RBNZ Rate Hike Pressures AUD/NZD PairKiwi Strengthens as RBNZ Rate Hike Pressures AUD/NZD Pair Key Moments AUD/NZD trades near 1.2170 in Asian hours on Wednesday, slipping about 0.25% after the RBNZ rate decision. The RBNZ lifts the Official Cash Rate by 25 basis points to 2.50% and signals further stimulus reduction may […]