Friday, December 2, 2022

Moody’s stops rating Twitter for lack of information about the company

The risk measurement agency Moody’s announced the withdrawal of Twitter’s ratings for not having enough information about the company, recently acquired by magnate Elon Musk.

“Moody’s has decided to withdraw the ratings because it believes it has insufficient or inadequate information to support maintaining the ratings,” the company said in a statement posted on its website.

The announcement comes in the same week that hundreds of Twitter workers announced they were leaving the company after rejecting an ultimatum issued to them by Musk, who urged them to commit to hard work or else leave the company.

The decision was made, according to various US media outlets, after waking up on Wednesday to an email in which Musk asked them to fill out a form in which they promised to “work long hours at high intensity.”

Musk has already undertaken a significant reduction in the workforce of the social network, where a few days after taking control he fired almost half of the around 7,500 employees that the company had.

In recent days, the billionaire has also fired several employees who questioned some of his statements about the operation of Twitter through the social network itself.

In addition, in recent weeks dozens of advertisers have chosen to withdraw from the social network amid the chaos that has been going on since it was acquired by the billionaire and several of the world’s largest advertising agencies have recommended their clients temporarily stop advertising. .

All this given the uncertainty surrounding the drift that the social network could take due to Musk’s promises to give priority to freedom of expression, over content moderation.

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