Posts

Showing posts from July, 2023

Inside Elon Musk’s X / With the Twitter brand now gone, what’s in it for the remaining employees at the X Corporation?

  Twitter’s newly appointed ‘chief Twit’, Elon Musk, has always dreamed big. ‘He’s not like other people’ is the usual refrain to describe the uncompromising visionary with admirers and detractors in equal measure. Musk’s single-minded approach has served him well, so far. Whether a saviour or megalomanic, he is an entrepreneur with a track record of delivering on his extraordinarily bold claims. So perhaps instead of asking what Twitter will do next, it might be more apt to ask: what will Elon Musk do next? After taking a wrecking ball to the company in early November 2022, laying off half its workforce in a bid to stem $4m-a-day losses, can Musk work his magic and turn Twitter into a profitable business by integrating payments and subscription services, all while simultaneously tackling misinformation and steering clear of regulators? If so, the question then becomes, where and how will the company expand? Twitter’s newly appointed ‘chief Twit’, Elon Musk, has always dreamed big....

The entire story of Twitter under Elon Musk

Image
  Elon Musk owns Twitter , and his new big idea is   charging people to read more than a few hundred tweets per day . Verified Twitter Blue subscribers can read up to 6,000 tweets per day, no one can browse the site without logging in, and unverified accounts are limited to reading 300 tweets per day, which Musk blames on AI startups scraping the site to feed large language models like ChatGPT. How’d we get here? On April 4th, 2022, we learned that Musk had purchased enough shares of Twitter to become its largest individual shareholder. Eventually, he followed up with an unsolicited offer to buy 100 percent of Twitter’s shares for $54.20 each, or about $44 billion. Twitter accepted Musk’s offer, but then things got weird because he tried to cancel the deal. There was a lot of back-and-forth about bots and text messages, but in the end, Musk settled on buying the company rather than facing a deposition or Chancery Court trial and eventually strode into Twitter HQ...