Elon Musk held a gathering with Twitter staff Thursday detailing his imaginative and prescient for the social media platform, regardless of his risk to stroll away from his takeover deal if the corporate doesn’t share information on spam bot accounts.
This all-hands assembly was the primary time the billionaire took questions from staff since Twitter’s board introduced it could promote the corporate to Musk for $44 billion in April.
The name was closed to reporters, however a number of key moments have been leaked to information retailers.
Asked whether or not he’s contemplating layoffs, the world’s richest particular person didn’t straight reply.
“The company does need to get healthy,” Musk mentioned, individuals who attended the assembly told Bloomberg. “Right now the costs exceed the revenue, so that’s not a great situation to be in.”
“Obviously a significant contributor should have nothing to worry about,” Musk continued.
In May, Twitter introduced a hiring freeze, aside from business-critical roles, and fired two executives.
Musk additionally talked about product modifications he would contemplate, together with some that would increase income. He mentioned customers could possibly be authenticated via Twitter Blue, the corporate’s paid subscription providing, presently rolled out within the U.S., Canada, Australia, and New Zealand.
He additionally mentioned spam bot accounts on Twitter, a sticking level for the completion of the deal, and the way the corporate ought to crack down.
“It needs to be much more expensive to have a troll army,” Musk mentioned, according to The Verge.
Agrawal mentioned on Twitter that spam accounts characterize lower than 5% of monetizable day by day lively customers. The evaluation didn’t appear to fulfill Musk, who tweeted a poop emoji in response.
Musk, who demanded Tesla and SpaceX employees return to the workplace for no less than 40 hours per week, mentioned he may settle for Twitter staff working from house if they’re “exceptional.” In May 2020, then-Twitter CEO Jack Dorsey told employees they could work remotely forever if they choose to do so.
“The bias definitely needs to be strongly towards working in person, but if somebody is exceptional, then remote work can be OK,” Musk was quoted as saying in Bloomberg.
“If someone is excellent at what they do but can only work remotely, to then fire them even though they are doing excellent work would be insane,” Musk continued. “So I’m definitely not in favor of things that are, like, mad. I’m in favor of things that build the business and make it better.”
Musk, who was launched by Agrawal for Thursday’s assembly, reportedly joined the decision 10 minutes late from what gave the impression to be his smartphone, in accordance with The Verge deputy editor Alex Heath.
Musk, requested to outline Twitter success inside the subsequent 5 to 10 years, informed employees he wish to see day by day lively customers prime 1 billion, in accordance with sources cited by The Wall Street Journal. Twitter presently reaches roughly 229 million monetizable daily active users worldwide.
Musk additionally informed staff he would need Twitter to be taught from Chinese apps WeChat, used from all the things from prompt messaging to e-commerce, and TikTok, praising its algorithm for being attention-grabbing, in accordance with The Verge.
“There’s no WeChat equivalent outside of China,” Musk mentioned. “You basically live on WeChat in China. If we can recreate that with Twitter, we’ll be a great success.”
During the decision, Musk roamed past day-to-day operations, saying he hasn’t seen “actual evidence of aliens.”
“Can we travel to other star systems and see if there are alien civilizations?” Musk requested, according to the BBC.
Twitter may assist “civilization and consciousness,” Musk added.
When the 45-minute name ended, Musk turned off his digicam. An avatar of two palms shaping the quantity 69 appeared, interpreted as a reference to the intercourse place, a source told Reuters.