Elon Musk purchased Twitter for $44 billion in October final 12 months.

Billionaire Elon Musk has mentioned that operating Twitter, which he purchased for $44 billion in October final 12 months, has been “quite painful” and “a rollercoaster”. Mr Musk additionally mentioned that he would promote the corporate if he finds the best particular person. The businessman made the feedback in a BBC interview that was streamed reside on Twitter Spaces on Wednesday morning. The interview comes days after the British broadcaster objected to its Twitter account being labelled as a “government-funded media”. The BBC contacted Twitter and insisted that it has all the time been unbiased.

“It’s not been boring. It’s been quite a rollercoaster,” Mr Musk mentioned when asked about his time at Twitter to date. The Tesla CEO the state of affairs has been “quite stressful over the last several months” however added that purchasing the corporate was the best factor to do.

“The workload means that I sometimes sleep in the office,” mentioned Mr Musk, including that he has a spot on a sofa in a library “that no one goes to”.

The hypothesis round Mr Musk’s intention to promote the microblogging platform began gaining prominence after paperwork filed by the corporate in a California courtroom in opposition to a lawsuit confirmed Twitter Inc. has ceased to be an unbiased firm after merging with a newly-formed firm called X Corp.

The doc mentioned that Twitter “no longer exists”.

The announcement is in accordance with the course Mr Musk needs the corporate to take. After shopping for Twitter final 12 months, Mr Musk had mentioned that the choice is finally “an accelerant to creating X, the everything app”.

X.com was initially a web-based financial institution that Mr Musk co-founded in 1999. It went on to merge with software program firm Confinity Inc. a 12 months later and altered its identify to PayPal.

It is just not clear what the change means for Twitter, which has seen a sweeping overhaul since Mr Musk took over. However, an unbiased software program engineer advised New York Times that these modifications “have largely been cosmetic”.

Also Read | Tweaking Name, Changing Logo: How Musk Changed Twitter Experience

Most just lately, Mr Musk coated the “W” within the microblogging platform’s identify outdoors the corporate’s headquarters in San Francisco, sending many in shock. Before that, the billionaire briefly changed the long-lasting blue fowl brand with doge meme on the Web model of Twitter.

He additionally reinstated a number of accounts that have been beforehand topic to lifetime bans, together with that of former US President Donald Trump, which sparked an enormous debate amongst customers.

Shortly after turning into the “Chief Twit”, Mr Musk introduced a plan that led to an enormous uproar – to cost $8 for becoming a member of the unique membership of those that have the coveted blue tick. Many celebrities criticised the plan, however Mr Musk justified it by citing the associated fee to function the corporate.

Apart from this, he additionally allotted colors for the classes – gold for corporations, gray for governments and a blue test for people together with celebrities.