Musk Plans to Meet with Twitter Staff This Week, as Takeover Deal Continues to Progress
Fast check-in on the Elon Musk Twitter takeover, to see how issues are going. So is Musk set to grow to be the King of the Tweets any time quickly?
Properly, no, nevertheless it does probably seem that the deal could also be progressing as soon as once more, after Twitter just lately provided Musk’s team with its ‘full firehose’ of tweets, so as to allow them to conduct their very own evaluation of pretend profiles within the app.
In accordance to a new report from Bloomberg, Musk has scheduled a gathering with Twitter staff for this Thursday, which can give Twitter employees an opportunity to ask Musk immediately about his plans for the app.
As per Bloomberg:
“Elon Musk will handle Twitter Inc. staff at a company-wide assembly this week, the primary time the Tesla Inc. chief government officer will meet with staff since agreeing to purchase the corporate for $44 billion in late April. The digital assembly is ready for Thursday morning, and Musk will take questions from Twitter staff, the folks mentioned.”
Which ought to go nicely – little doubt Twitter staff can be utterly open to listening to from the person who’s been publicly criticizing their colleagues and policies since launching his takeover push for the platform some 9 weeks ago.
As some readers might recall, Musk was really scheduled to meet with Twitter employees back in April, following the information that he had purchased more than 9% of the company’s shares. At the moment, Musk had simply grow to be Twitter’s greatest shareholder, and hadn’t launched a takeover push as but – however after assembly with Twitter execs, and listening to their plans for the platform, Musk determined that he had no religion within the firm’s administration, and opted not to meet with employees as a outcome.
Since then, Musk has regularly criticized Twitter’s processes, taking purpose at every thing from its progress methods, to its flawed profile verification process, to its perceived left-wing bias, to the infestation of bots in the app.
The latter has grow to be a key level of rivalry, with Musk posting a comment on May 13th which claimed that his Twitter takeover deal was successfully ‘on maintain’ until Twitter might present extra proof that its energetic person depend was not dominated by bots accounts.
As famous, Twitter lastly responded to this last week, when it gave Musk’s crew entry to its full tweet database, basically placing the onus on them to conduct their very own, unbiased evaluation of its content material, so as to disprove its declare that pretend profiles solely make up 5% of its customers.
The truth that Musk is now prepared to meet with Twitter employees looks as if an indicator that this might have been sufficient to get the deal shifting once more. Although that’s solely hypothesis, as we don’t know what Musk’s crew will ultimately discover, or whether or not Musk himself will select to consider, in any approach, that its pretend profile depend is that low.
As a result of as Musk has repeatedly acknowledged, he’s fairly assured it’s greater than that.
20% pretend/spam accounts, whereas 4 instances what Twitter claims, may very well be *a lot* greater.
My supply was primarily based on Twitter’s SEC filings being correct.
Yesterday, Twitter’s CEO publicly refused to present proof of <5%.
This deal can not transfer ahead till he does.
— Elon Musk (@elonmusk) May 17, 2022
But, even when Musk does discover that pretend profiles make up greater than 5%, that doesn’t imply that he can get out of the Twitter deal, as some have speculated, with Twitter falling again on its estimates which have been accepted by the SEC in its previous efficiency reporting.
If Musk’s crew really discovered the quantity to be 20%, as Musk says, Twitter might incorporate its detection methodology into its future studies. However that also wouldn’t imply that Twitter has acted in unhealthy religion within the deal, and sought to mislead Musk and Co. within the course of.
With out clear ailing intent, the deal appears probably to push forward – and now Twitter employees can be in a position to press Musk on his vague plans for the app, which embody focusing on 200% progress over the subsequent three years, as nicely as a 5x improve in Twitter income by 2028.
Musk has additionally mentioned that he plans to lower 1,000 roles from the corporate over the subsequent yr, which can probably make this a very testy assembly.
But when Musk has any considerations, he’s not displaying it, as he continues to tweet juvenile jokes within the app.
As a result of 69, it’s impolite… get it?
It’s actually exhausting to inform whether or not Musk is a genius visionary or a sheltered frat boy – and I suppose, actually, he may very well be each.
However his Twitter plans actually appear bold, to say the least.
Perhaps we’ll discover out extra this week.