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Twitter losing $4 million a day, India revenue a small percentage

The microblogging site's business in the country has managed to make a profit for the past seven fiscal years

Elon Musk, owner and CEO, Twitter, arrives at the 29th Annual Baron Investment Conference in Manhattan on Friday. Photo: Reuters
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Elon Musk, owner and CEO, Twitter, arrives at the 29th Annual Baron Investment Conference in Manhattan on Friday | Photo: Reuters

Sourabh LeleDeepak Patel New Delhi
Many people expected Elon Musk, the newly self-minted chief executive officer (CEO) of Twitter, to shake up things at the social media firm. But the speed and scale have taken most by surprise. According to reports, over half the global employees were fired.
 
India was no exception. The lay-offs in India were across segments such as policy, communication, engineering and development, as a majority of people lost their jobs, according to sources in the know. 
 
While Musk has defended the mass layoffs, saying the microblogging site was losing $4 million a day, the reason for the scale of firings in