<h5>When did the crisis begin?</h5>  <p>On 28th October 2022, Elon Musk, the world’s richest man, took control of Twitter. His reign began with him firing the company’s top executives and dissolving its board. Soon after, he fired more than 3,700 employees across the world citing daily losses of more than $4 million. </p>
<p>To ensure Twitter starts making money, he brought in a system that allowed users to verify (the blue tick mark that can be seen beside the names of celebrities, big companies, etc.) their accounts for $8 per month. Managers were also instructed to tell employees to start working 12 hours a day and seven days a week to change Twitter's verification system.
Later, Twitter reportedly asked dozens of the workers who were fired to return to work, either because they were fired in error or because their skills were required to implement planned changes. All of this has caused a crisis inside Twitter, one of the world’s biggest social media platforms.</p> <h5>What is the current status?</h5>  <p>Until now, Twitter has been making money by allowing brands to advertise their products on its platform. Since Elon Musk’s takeover, he has made statements that free speech would be valued over content moderation. 
Musk’s statements have led advertisers to be cautious about advertising on Twitter. Advertisers such as General Motors Company (GM), General Mills Inc. (GIS), etc., have halted their Twitter ads.</p>
<p>The new Twitter verification system proposed by Musk also backfired. It resulted in people verifying fake accounts and making inappropriate statements. For example, verified fake accounts of companies and individuals made statements that damaged their reputations. </p>
<p>According to reports, the use of racist words also sharply increased following Musk’s takeover of Twitter.
</p> <h5>How bad is Twitter’s money problem?</h5>  <p>It's not looking good, unfortunately. Elon Musk recently held a meeting at Twitter’s head office in San Francisco. He said that Twitter needs to earn more cash than it spends. If that did not happen soon, the company might go bankrupt.</p>
<p>These problems along with Musk’s aggressive actions have left everyone nervous about what the future holds. 
</p> <h5>What did we learn from this article?</h5>  <p>Elon Musk’s management style and reckless decisions have been criticised a lot. These have quickly overshadowed his promises to improve Twitter. </p>
<p>This shows us that even the world’s richest man is not perfect and that we all have something to learn. </p>
<p>What do you think of Elon Musk’s actions? Tell us in the comments section below.</p>

Twitter, a popular American social media platform, was recently purchased by Elon Musk. The company is currently going through an internal crisis due to some of his policies.

The Crisis Inside Twitter

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The Crisis Inside Twitter

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