() Tesla CEO Elon Musk said on Tuesday that he would reverse Twitter’s permanent ban of former President Donald Trump if his bid to buy the social media company is successful.
Related Elon Musk Responds To Claim That Trump Encouraged Him To Purchase Twitter
by , May 10th, 2022
Musk told the Financial Times that the ban “was morally wrong and flat out stupid.”
Last month, Trump said he “probably” would not return to Twitter if Musk reinstated his account.
In an interview with Sirius XM’s Americano Media, Trump said he “probably wouldn’t have any interest” in returning to the platform, where he had almost 90 million followers.
“You know, Twitter has become very boring. They’ve gotten rid of a lot of their good voices … a lot of their conservative voices,” Trump said.
On Saturday, Musk put new and current Twitter employees on notice about getting ready to work.
“Work ethic expectations would be extreme, but much less than I demand of myself,” the billionaire said in a tweet.
Also, work ethic expectations would be extreme, but much less than I demand of myself
— Elon Musk (@elonmusk) May 7, 2022
The post followed a series of tweets that garnered attention.
On Friday, Musk shared some more of his vision for the platform.
“If Twitter acquisition completes, the company will be super focused on hardcore software engineering, design, infosec & server hardware,” he tweeted Friday morning in a post containing a link to the Fortune story.
If Twitter acquisition completes, company will be super focused on hardcore software engineering, design, infosec & server hardware https://t.co/m2HseK0TXl
— Elon Musk (@elonmusk) May 6, 2022
“I strongly believe that all managers in a technical area must be technically excellent. Managers in software must write great software or it’s like being a cavalry captain who can’t ride a horse!” he added.
I strongly believe that all managers in a technical area must be technically excellent.
Managers in software must write great software or it’s like being a cavalry captain who can’t ride a horse!
— Elon Musk (@elonmusk) May 6, 2022
Musk has not officially gained control over Twitter yet, but in anticipation of his purchase deal going through, the platform is getting a lot more attention — to the chagrin of current employees.
Employment interest at Twitter following the SpaceX and Starlink founder’s buyout being accepted by the platform’s board of directors has skyrocketed:
It’s still unclear how a Musk-run Twitter might impact the company’s ability to retain current staff and recruit new employees. The company presented the takeover as a potential threat to its staffing abilities in an SEC filing Monday.
But at least casual interest in open positions at the company has skyrocketed since the Tesla billionaire showed serious interest in taking over the company.
On Thursday, Daniel Zhao, a senior economist and data scientist at the job insights platform Glassdoor, tweeted that interest in job openings at the social media giant was up 263% between April 24 and April 30.
“Some trivia: With the announcement of Elon Musk’s Twitter acquisition offer being accepted, interest in Twitter jobs on Glassdoor rose 263 percent last week (4/24-4/30), compared to the March 2022 baseline,” Zhao tweeted.
Some trivia: With the announcement of Elon Musk's Twitter acquisition offer being accepted, interest in Twitter jobs on Glassdoor rose 263 percent last week (4/24-4/30), compared to the March 2022 baseline.
— Daniel Zhao (@DanielBZhao) May 5, 2022
He followed that up with this: “Well, the above data is made more relevant by today’s news. Say what you will about Elon, he does have a large fanbase of ppl excited to work for him. He’s much more likely to capitalize on that attraction as CEO than owner.”
Well, the above data is made more relevant by today's news. Say what you will about Elon, he does have a large fanbase of ppl excited to work for him. He's much more likely to capitalize on that attraction as CEO than owner.https://t.co/DxldJ1Hrqp
— Daniel Zhao (@DanielBZhao) May 5, 2022
In a statement to the financial news outlet, Zhao explained that interest is gauged by the number of average daily clicks on Twitter job postings on the platform as compared to daily job click averages in a March 2022 baseline before news broke that Musk was making a play for the social media giant.
And while clicks don’t necessarily translate into actual job applications submitted and could simply reflect current media focus on him and his deal, “the increase shows that people appear to be interested not just in the media story, but in work available at the company,” the outlet reported.
Fortune went on to know that a majority of Americans — 59 percent — approve of Musk’s takeover, according to a recent Harris Poll, “some current Twitter staff worry that it will dramatically change the company’s culture, and overall direction.”
That’s likely true if Musk implements some of the changes he has advertised such as much less censorship and a much greater emphasis on freedom of speech.
CNBC’s David Fabor reported that Musk is “expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion take over of the social media company.”
“The report comes as Musk has secured $7.1 billion in new funding for the deal from a group of more than a dozen investors, including Oracle co-founder Larry Ellison, cryptocurrency exchange Binance, Fidelity, and Brookfield Asset Management. In addition, Saudi Prince Alwaleed Bin Talal Bin Alsaud has agreed to retain his 34,948,975 Twitter shares, worth approximately $1.9 billion,” Fox Business reported.
“As a result of the new commitments, Musk’s margin loan financing for the deal has been reduced from $12.5 billion to $6.25 billion, while his equity financing has increased from $21 billion to $27.25 billion. Musk’s filing with the Securities and Exchange Commission emphasizes that he is currently in discussions with existing shareholders of Twitter common stock, including co-founder Jack Dorsey, regarding ‘the possibility of contributing such shares of Common stock, at or immediately prior to the closing of the Merger, in order to retain an equity investment in Twitter following completion of the merger,’” the report added.
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Source:
https://conservativebrief.com/musk-2-62727/
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