The Full Elon Musk–Twitter Saga

Elon Musk Looks to Exit his Twitter Takeover Deal - So What Now?

So, Elon Musk is now the ‘Chief Twit’ as he says, with the billionaire taking possession of the platform late Thursday, and for now not less than, appointing himself as interim CEO. Whether or not he stays on as chief, or appoints any individual else to that function, stays to be seen, however so far, it does seem as if Musk plans to take a hands-on function in re-aligning the app in his imaginative and prescient. 

Musk’s first order of enterprise was to fire several top execs. The lack of a lot expertise will harm the corporate, little doubt. However Musk has an alternate view on what Twitter needs to be, so that they had been unlikely to ever see eye-to-eye anyway. And the departing execs will take dwelling tens of millions in payouts, which ought to soften the blow, earlier than they’re re-appointed at one other tech agency in comparable roles.

Musk’s second key order of enterprise is to take Twitter personal. Thus, Twitter will not be a listed entity, and can not have to supply efficiency updates. Some particulars will nonetheless be obtainable, however they received’t be formally reported each quarter.

De-listing can even see the dissolution of Twitter’s present board of administrators, with Musk to nominate a brand new board at some stage. Who he appoints right here might additionally level to his future plans, which, once more, stay comparatively imprecise, exterior of some key hints.

To recap, Musk has mentioned, or not less than implied, that his priorities might be:

  • Eliminating bots
  • Increasing the foundations round what customers can say within the app (inside the legislation)
  • Open sourcing feed algorithms
  • Rising paying subscribers

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