According to Chinanews.com, the US “Washington Post” quoted sources as saying that on the evening of the 27th local time, Tesla CEO Elon Musk’s $44 billion acquisition of Twitter has been completed, and he has gained control of the company.
As the saying goes, there are three fires when a new official takes office, and the first fire when Musk takes office is to the management. These include Twitter CEO Parag Agrawal, Chief Financial Officer (CFO) Ned Segal, Head of Legal, Policy and Trust Vijaya Gadde and Sean Edgett, Twitter’s General Counsel since 2012. The tubes were all fired. The source also said they were rushed out of the headquarters building.
In addition, Musk froze all of Twitter’s code, Twitter’s engineers could no longer make changes to the code, and arranged for Tesla’s engineers to check, which is said to be to ensure that the product will not be completed until the handover is complete. any changes occur. Twitter has implemented a similar freeze since the deal was first announced in April.
Regarding the previous rumors, Musk also clarified. It was previously rumored that Musk would lay off Twitter, cutting Twitter’s 7,500 employees to more than 2,000. After coming to the Twitter building on the 27th, Musk denied the rumor and gave Twitter employees a reassurance, saying that he did not plan to lay off 75% of the workforce.
In the advertising business, many advertisers have previously worried that Musk’s content moderation as Tesla’s CEO would create a conflict of interest with auto advertising. Musk told advertisers in the note that many of the speculations about why he bought Twitter were wrong.
Musk stated: As long as the advertising is done well, it can please, entertain, and help you. It can show you a service, product or medical treatment that you may have never known about but that is useful to you.
To do this, it’s critical to show Twitter users ads that are as relevant to their needs as possible. Low-relevance ads are spam, but high-relevance ads are actually content!
Fundamentally, Twitter aspires to be the most respected advertising platform in the world, one that makes your brand stronger and your business better.
The previous Musk was the dual owner of Tesla electric cars and space exploration technology company SpaceX, and now he has a social media Twitter that represents the mobilization of public opinion. It can be said that his current influence has reached an unprecedented peak. We’ll see if Twitter’s takeover turns out to be good or bad.