by FILE PHOTO: An image of Elon Musk is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
According to CNBC reports, Elon Musk’s rocket company SpaceX has purchased a large-scale advertising package from Twitter. Many people speculate that Twitter may have serious financial problems, so it depends on Space X’s funds to continue Twitter’s life.
CNBC quoted insiders as saying that SpaceX purchased more than US$250,000 (approximately HK$1.96 million) of advertising solutions from Twitter last week. The campaign puts brands on top of Twitter feeds for 24 hours. SpaceX’s advertisements will be placed in the Australian and Spanish markets. Australian and Spanish users will see SpaceX’s Starlink advertisement three times before opening the Twitter program.
The speculation of Twitter’s financial problems is not groundless. Elon Musk has revealed to employees that Twitter is constantly burning money, and if the financial situation does not improve, the company has the opportunity to go bankrupt. In order to help Twitter recover, Elon Musk requires employees to work 40 hours a week, and cancels the right of all employees to work remotely, and requires all employees to return to the company.
source:CNBC
