Elon Musk took to Twitter on Friday to provide a sense of his vision for the social media platform, following the completion of the acquisition, and a sense of what his employees can expect, in terms of working life under his leadership.
Musk’s comments are accompanied by a recent screenshot luck Article titled: “Job interest at Twitter has risen over 250% since Elon Musk moved on. But current employees are nervous.”
The world’s richest man, who also heads companies such as SpaceX and Tesla, wrote, “If the Twitter acquisition is completed, the company will focus heavily on software engineering, design, information technology and server hardware.” “Managers in software have to write great software or it’s like being a cavalry captain who can’t ride a horse! Also, the work ethic expectations would be extreme, but it’s a lot lower than I demand of myself.”
Musk first began buying a large amount of Twitter stock as recently as January, owning 5% of the company’s stock by March 14. He first announced his intention to acquire Twitter for $54.20 a share on April 14. The idea wasn’t looked at primarily by the social media service’s board, which went so far as to adopt a term-limited shareholder plan, or “toxic pill”, to prevent it from trying to take over the company. However, within two weeks, he managed to conclude a deal to acquire Twitter for $44 billion.
“Freedom of speech is the bedrock of a functioning democracy, and Twitter is the digital city arena where matters vital to the future of humanity are discussed,” Musk said on the day news broke of his breakthrough in negotiations with Twitter. “I also want to make Twitter better than ever by improving the product with new features, making open source algorithms to increase trust, defeat spam bots, and authenticate all humans. Twitter has tremendous potential – I look forward to working with the company and user community to unlock it.”
Musk’s acquisition of Twitter is expected to be completed later in the year. When it is taken over, Twitter will become a private company. Check out Musk’s thread about the company’s future by clicking below.
If the Twitter acquisition is completed, the company will focus heavily on software engineering and design, information technology, and server hardware https://t.co/m2HseK0TXl
– Elon Musk May 6, 2022