Musk wants to have a say in Twitter features
Elon Musk’s Twitter account.
It is still unclear whether Elon Musk will eventually become the owner of Twitter. But if he takes over the short message service, he also wants to be heavily involved in product development. There is no such good news for the workforce.
Tech billionaire Elon Musk from San Francisco also wants to be involved in the product development of the service after the takeover of Twitter.
In a video conference call with Twitter employees, Musk said he believes employees would listen to his suggestions for the facilities. While the conversation was conducted only by staff, Twitter staffers shared the information so freely that several major US media outlets were able to liveblog it.
Musk prepares Twitter employees for possible job cuts. Twitter needs to be financially healthy — and right now, costs outweigh revenue, he stressed. However, those who make significant contributions have nothing to fear. According to Musk, valued employees are also more likely to work from home. The online service had previously promised staff that they would not be forced to return to offices even after the pandemic has passed. But Musk has only made his other companies — electric carmaker Tesla and aerospace company SpaceX — mandatory.
It is also unclear whether Musk will eventually become the owner of Twitter. Although he approved the acquisition with Twitter’s board of directors, it is subject to majority shareholder approval. He also declared the deal on hold as he had doubts about the number of fake accounts. Twitter countered that Musk could not stop the unilateral agreement and was determined to implement it.
While Musk is offering shareholders $54.20 per share, the price is currently hovering around $38. So Musk has an incentive to renegotiate the price, while many former shareholders are interested in reselling his current offering. The appearance in front of employees was taken as a sign that Musk is still fundamentally interested in buying Twitter.
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