‘Free speech absolutist’ could reinstate Donald Trump’s account and press ahead with staff cuts
He didn’t give much more detail, other than that a Twitter takeover would accelerate X by up to five years. X, by the way, is the name for the corporate vehicles that Musk is using to buy Twitter.However, this “everything app” appears to be inspired by China. In a meeting with Twitter staff in June, Musk said the platform should be more like the Chinese WeChat, an app that enables instant messaging, social media and mobile payment.
Revenue-raising changes he has floated include: increasing the popularity of Twitter’s premium subscription service by making it ad-free; growing Twitter’s payments business; charging a “slight” fee for commercial and government users; and finding new ways to make money out of tweets that contain important information or go viral.
His financial backers will be looking for revenue growth, too. A consortium of banks is committed to raising $13bn in debt as part of the financing and the contributors to the more than $30bn in equity pledged by Musk will want the business to do well.that the number of spam accounts on Twitter’s platform is bigger than the number stated by the company.
in a whistleblower complaint in August. He alleged interference by foreign governments, multiple information security failings and poor management. Twitter has accused Zatko of spreading a “false narrative about Twitter” and has said he was fired for “ineffective leadership and poor performance”..
An executive shakeup is also possible. Musk has fallen out with Parag Agrawal, the Twitter CEO, and according to reports in May has lined himself up as temporary chief executive.
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