Elon Musk has provided insights into his perspective on the $44 billion acquisition of Twitter, now rebranded as X, and offered an assessment of the platform’s progress under his ownership.

What Happened: During his recent virtual appearance at the All-In Summit, Musk was asked about the state of Twitter since his acquisition and how he feels about making such a big purchase decision now.

See Also: When Elon Musk Started Firing Twitter Staff Everybody Said ‘That’s Enough’ But…

In terms of features, Musk highlighted the platform’s rapid development pace, comparing it to Twitter’s previous progress. He mentioned that the company introduced more new features under his leadership than previous Twitter management had in five years. 

“The feature development pace is very rapid,” Musk said, emphasizing that this progress was achieved with a smaller team—approximately 15% to 20% of the original company.

Musk also drew a straightforward analogy to describe the platform’s maintenance: “Frankly, it’s like a group chat at scale. I don’t think you need an army to maintain a group chat.” Clearly justifying his decision to fire 85% of the Twitter staff. 

Additionally, the tech mogul touched on the platform’s performance metrics, particularly user engagement, stating, “We keep seeing record usage, and the user engagement metrics are very good.”

Simply put, Musk expressed optimism about the platform’s future, stating that it had recently turned a corner towards moderate prosperity, with hopes for significant growth ahead.

Photo courtesy: Thomas Hawk on Flickr

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