Here’s what we know about Elon Musk’s ownership plan for Twitter
This is the end of the first week after that Twitter accepted Elon Musk’s $44 billion takeover bid, and one of the strangest tech deals of all time keeps adding new twists. A detailed report by The Wall Street Journal has peeled off a few layers of the process that began with Musk amassing Twitter shares in January and what that might mean if he eventually closes the deal and becomes its owner. Taken from with additional information The edge contributing editor Casey Newton in platformer and a new report from Reutersthe picture starts to get clearer.
Reuters adds more details to previous reports of Bloomberg and The Washington Post about the ideas Musk pitched to bankers who are lending him some of the money he needs to buy Twitter. Corresponding Reuters Sources told bankers that he plans to develop revenue-boosting features, and one of his examples is “charging a fee when a third-party site wants to quote or embed a tweet from verified people or organizations.”
As the outlet notes, in some now-deleted tweets from earlier this month, Musk discussed reducing Twitter’s reliance on advertising to make money and suggested changes to the Twitter Blue subscription, such as adding a new subscription. B. The ban on ads. Reuters also reports that Musk has reportedly already hired a new CEO to take over by Parag Agrawal and cites a source as saying he won’t be making decisions about downsizing until he actually takes over the company.
That doesn’t add up to much from what we now know of Elon’s plans once he takes over, but after Casey Newton’s report in his platformer Newsletter At Twitter’s all-hands meeting early Friday, it would be more than the company’s executives and board members knew before voting to accept the takeover bid. Newton writes, “In fact, Agrawal said executives didn’t even see the plans for the company, which Musk reportedly shared with bankers.”
But how did we get here in the first place, right? The Wall Street Journal has some color up there, citing a “shadow crew” who goaded Elon Musk’s bid for Twitter, which also included his former PayPal exec Peter Thiel (who funded Ted Cruz’s first Senate primary), right-wing blogger Charles C. Johnson (who previously sued Twitter) and Seth Dillon, the CEO of The Babylon Bee, which the newspaper describes as a “right-wing satirical publication modeled after The Onion”. These links can explain things to anyone confused by a right wing Resurgence of activity on Twitter and statements from people whose accounts have been banned from the platform, such as Rep. Marjorie Taylor Greene or Donald Trump, about the possibility of a return.
Much of the article, however, focuses on close ties between Elon Musk and Twitter co-founder and now former CEO Jack Dorsey, despite the latter’s decision to ban Donald Trump from the platform and Musk’s decision to commit himself in a single tweet represented the phrase “I put the art in farts.” That WSJ reports that Dorsey, who was CEO of two companies at the time, occasionally “appeared in meetings” while messaging Musk.
*It is also crazy and wrong that individuals or companies should bear this responsibility. As I said before, I don’t think a permanent ban (except for illegal activities) is right or should be possible. Because of this, we need a protocol that is resilient to the layers above.
— jack⚡️ (@jack) April 29, 2022
After the article was published, Dorsey posted a tweet thread though he’s “recently tried to take a break from Twitter.” Dorsey said: “Every decision we made was ultimately my responsibility*. In the cases where we were wrong or went too far, we admitted it and worked to correct it.”
This sudden impulse to take public responsibility included a tweet in response to a question on Twitter temporary and confusing ban on links to a New York Post story about President Joe Biden’s son, where he says now, “When I found out we had taken this action, we reversed it almost immediately. we should also have restored the account without having to delete the tweet.”
The charge also comes two days after the potential Twitter owner/messaging pal of Dorsey responded to a tweet criticizing Twitter policy and legal director Vijaya Gadde about the incident, calling the action “obviously incredibly inappropriate” and tweeting a meme claiming the “left-leaning” of the company that featured her face. financial times Correspondent Dave Lee mention, that that this was followed by a wave of hateful tweets against Gadde.
For Jack, the main point seems to be, “I don’t think a permanent ban (except for illegal activities) is right or should be possible.” For reasons that could be buried deep in a text message thread with Elon, Dorsey believes that this is the solution Twitter needs to learn fast and improve in ways never seen before.
https://www.theverge.com/2022/4/29/23049172/elon-musk-buys-twitter-thiel-farts-jack-dorsey Here’s what we know about Elon Musk’s ownership plan for Twitter