The "Musk era" has officially begun. The new official has made three fuses. What is the hot topic?
serial reversal "big drama", and finally ended
On October 27th local time, Musk has completed the transaction to privatize Twitter for US$44 billion and is in charge of the company.
This ups and downs of acquisition drama finally ended, and Twitter's "Musk era" officially began.
Musk did not disappoint everyone either. The new official took office and saw what kind of fire he made on Twitter.
The first to make a comeback
Dismissed many senior executives including CEO and CFO
Musk "blood-slaughtered" management as soon as he took office, and fired several Twitter executives just a few minutes after completing the transaction.
Among them, Twitter CEO O Parag Agrawal (Parag Agrawal) was fired on the spot.
sacked together are Ned Segal, chief financial officer (CFO) who joined Twitter in 2017, Vijaya Gadde, head of law, policy and trust, and Sean Edgett, who has served as general counsel for Twitter since 2012.
According to Reuters , after the transaction was completed and he was fired, Agraval and Ned Segal were "escorted out" to leave the San Francisco headquarters.
When Musk launched an acquisition invitation to Twitter in April this year, he told potential investors that he planned to cut nearly 75% of Twitter's 7,500 employees and streamline the company's employees to 2,000.
So the fate of many Twitter employees is tied to Musk's snap of his fingers.
But on the afternoon of the 28th, I saw Musk posting a tweet on Twitter about drinking coffee with company employees. gave Twitter employees a reassurance and told them that they did not plan to lay off 75%.
The second fire
Let Tesla engineers review the Twitter code
Musk yesterday invited Tesla engineers to meet with the product manager at Twitter headquarters to conduct in-depth research on Twitter code.
people familiar with the matter said that this is to ensure that no changes to the product will occur until the transaction is completed. Twitter has implemented a similar freeze since the deal was first announced in April.
Musk previously released his plan for Twitter, which includes "X, apps for everything". According to Musk, we should use software that integrates payment, shopping and discussion of various applications, just like China's WeChat.
And Musk expressed his appreciation and admiration for WeChat more than once in public. Next, it is not impossible to create an American version of WeChat.
The third fire
"no ads" and absolute freedom to let Trump sideways
In April, Musk showed investors his grand Twitter plan and its financial goals.
Musk's report said that by 2028, he will five times Twitter's revenue to $26.4 billion. Twitter's dependence on advertising should also be reduced to less than 50% of revenue.
He also tweeted, saying that his plan for Twitter is "ad-free", but the tweet has now been deleted.
Musk has said he plans to reconsider Twitter’s content review policy to serve a more extreme “free speech” approach.
He disagreed with Twitter's practice of permanent bans on those who repeatedly violated its rules, which increased the possibility that some previously banned users would reappear on the platform.
In January 2021, Trump’s Twitter account was permanently banned. The reason given by the platform was that after the riots in the US Congress, Trump’s Twitter “has a risk of further inciting violence.”
Musk said he disagreed with the decision and could lift Trump's Twitter account to allow him to reach a wider audience before the 2024 election. Cailianshe, October 28, according to First Squawk report on the 28th, Trump said that once his Twitter account is restored, he will import posts on his own social platform Truth Social on his Twitter account.
