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Will Elon Musk surprise us with a withdrawal from the Twitter deal?  Hardly any, the signs indicate purchase.

Questions upon questions about Elon Musk’s controversial Twitter deal. Here you will find everything you already know (or don’t know).

Has he bought it now?

no There is no official confirmation from Twitter. Musk himself confirmed the purchase “only” with a tweet. However, several US media outlets are announcing that the deal is already over, citing insiders.

However, many changes (see below) indicate that Elon Musk is in fact already the proud owner of the SMS service. An official statement can be expected in the near future.

That has already changed

According to several reports, Musk has already shaken up the executive floor. Company boss Parag Agrawal and CFO Ned Segal were fired and top manager Vijaya Gadde also had to leave. The lead attorney Sean Edgett is said to have even been escorted from headquarters.

Musk has been increasingly critical of the company’s leadership in recent months. CEO Agwal cannot solve Twitter’s problems. The layoffs indicate that Musk wants to continue developing Twitter.

These are Musk’s plans for the company

According to information from the financial service Bloomberg, Musk initially wants to take over the main post himself. Only after some time was he able to transfer the work to someone else. So far, no concrete name has been given for a successor. The replacement of the dismissed management has not yet been announced.

Musk has indicated on Twitter that he wants to cut jobs en masse. The San Francisco-based company currently employs more than 7,500 people. His announcement of large-scale layoffs was met with discontent. Musk is also looking for new ways to monetize the service, as Twitter has long struggled to grow in the advertising market, according to the New York Times. This would be the main source of revenue for the short message service.

The content may change

Musk has big plans, not only for the company, but also for the Twitter service itself. As is already known, he wants to make it a platform for freedom of expression: no censorship, no “wokeness”, no culture of cancellation. US Republicans applaud the “regression” because when Twitter started, the content rules were roughly similar. A former top Twitter executive took a relaxed look: “At some point people will realize that the Wild West needs a sheriff to keep people and trade safe,” Colin Crowell told the NYT.

Musk’s announcement of a no-rule Twitter didn’t just raise concerns among users: potential advertisers are also skeptical. Several brands don’t want their products advertised alongside problematic claims. Musk then went back to the advertisers in a tweet and of course did not promise each allow content.

Finally, an important point on Elon Musk’s change list is that there should be no more lifetime bans. Former US president is one of them Donald J Trump affected. (cf.)

Soource :Watson

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Ella

Ella

I'm Ella Sammie, author specializing in the Technology sector. I have been writing for 24 Instatnt News since 2020, and am passionate about staying up to date with the latest developments in this ever-changing industry.

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