As we all know, the acquisition between Musk and Twitter has been tug-of-war for half a year. Musk changed his mind every three days. He said that he wanted to buy it, and then said that there were too many Zombies to buy, and then he said that he would buy it at the original price. , After finishing speaking, I have to hold a pool to scare people……
Later on Thursday, the drama finally ushered in the finale, and multiple media broke the news that the transaction had been completed, Twitter officially changed hands, and the “surname Ma” would be changed in the future.
Musk’s recent tweet also confirmed the news:
“The bird is free!”
This little bird is naturally a little blue jay, twitter.
At the same time, Musk’s Twitter profile was changed to “Twitter boss.”
It is said that there are three fires when a new official takes office.
The first fire Musk ordered was to fire people aggressively:
Twitter’s CEO Parag Agrawal, head of legal, policy and trust Vijaya Gadde, CFO Ned Segal, general counsel Sean Edgett, he’s all fired…
However, these people are not fired for nothing. The “change of control” clause in the executive contract guarantees that they can get a very generous severance package.
According to regulatory documents, CEO Parag Agrawal is the one who gets the most. Including his shares and other miscellaneous rights, he can get a total of 38.7 million US dollars (about 280 million yuan).
As for the remaining few, at least they can get more than 11.2 million……
The question is, he has laid off so many people, what will Twitter do next?
Musk decided to take over as CEO himself, at least for a while during the transition period he took over, and it is uncertain whether he will continue to be the CEO in the future.
A person familiar with the matter said that he may delegate power in the future, but Twitter did not respond to questions from the media.
In this way, Musk is the CEO of SpaceX, Tesla, and Twitter.
However, his attitude towards these titles has always been scornful. He believes that these titles are “fictitious” and have no practical significance. For this reason, he also personally modified his titles.
Take Tesla as an example, his title in legal documents is “TechnoKing (King of Technology)”, not CEO, just to ridicule the meaninglessness of these names……
So his future title on Twitter might really be called “Twitter boss”…
For Musk, this is the end of the matter. He can be said to have a good time, and he brought a sink to Twitter’s headquarters on Wednesday to demonstrate.
On the other hand, the fate of Twitter employees is more complicated.
You know, he had previously said that he would lay off 75% of Twitter’s employees,
Now that the executives have stepped down, the next group to suffer is probably the ordinary employees…
On Friday, he will hold an all-staff meeting where his fate is expected to be decided.
He shouldn’t be in such a hurry, though. He spoke to employees at Twitter’s headquarters on Wednesday, saying he doesn’t plan to make mass layoffs at the start of his takeover, according to people familiar with the matter.
On that day, he was surrounded by the stars and the moon. Judging from the expressions of these employees, the atmosphere did not seem to be very tense.
In short, how the future of Twitter will be pinned on Musk’s hands, and what Twitter will become in his hands is unknown.
But one thing is certain, and that is that Trump, who has been banned, will most likely return.
Musk has said earlier that he wants to ensure “freedom of speech” on Twitter, so he does not support the operation of permanent bans.
In May, he also called Trump “morally wrong” and “extremely stupid.”
Trump has not responded yet, but someone is moving faster than him, and that is Twitter’s sponsors, advertisers.
Kieley Taylor, the current head of global partnerships at GroupM, a major US advertising agency, said that Trump’s return is an insurmountable red line for some brands.
She has been contacted by more than a dozen clients with a series of well-known consumer brands on her side, saying that if Trump’s account is restored, he will suspend advertising on Twitter,
Other clients are on the sidelines, and she should hear more once Trump returns to Twitter.
For Musk, this is somewhat of a disadvantage, and we’ll see where he leads Twitter in the future…