Zuckeberg’s Meta will layoff thousands of workers this week. Elon Musk has begun firing about half of the workforce of Twitter. Twitter was losing $4 million per day. The layoff of 3500 workers enables Twitter to reduce the losses by $2 million per day. Twitter will also need to get another $1 billion per year on interest for $13 billion in loans. [Corrected a miscalculation in the savings. Previously miscalculated $10 million per day in expense reduction.]
Meta layoffs will help Meta make money even while burning cash on the Metaverse.
The big money for X (renamed-Twitter) will be creator monetization and adding video to Twitter. This could be added relatively quickly.
Longer will be adding a payments system to it.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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