Musk says he wants one billion users on Twitter: live updates

San Francisco – For weeks, Elon Musk has been publicly destroying Twitter. On Thursday he acted as if he finally owned the company.

During a one-hour Q&A in the morning with some 8,000 Twitter employees – the first time Mr. Musk spoke to them since he signed a $ 44 billion deal to buy a social media company in April – the richest man in the world opened up. About his plans for the service. In an ambiguous and sometimes innumerable address, he addressed growth, potential dismissal, issues such as anonymity, Chinese apps, and even the cosmic nature of Twitter.

“I want Twitter to contribute to a better, longer-lasting civilization where we can better understand the nature of reality,” Mr Musk told a virtual meeting that was broadcast live on Twitter by The New York Times. He added that he hoped the service would help humanity to “better understand the nature of the universe as much as possible.”

The meeting in which Mr. Musk appeared from his cell phone, apparently in a hotel room, suggested he had decided to end the blockbuster deal. In recent weeks, his intentions towards Twitter have been questionable. The billionaire, who also runs electric car maker Tesla and rocket company SpaceX, has repeatedly asked questions about fake Twitter accounts. This month, his lawyers said the company refused to provide him with the information, which was an obvious excuse for trying to complete the purchase or renegotiate it.

Mr Musk, who offered $ 54.20 to buy Twitter, may have changed his mind after the fall of global markets. Twitter shares are now around $ 38. And shares of Tesla, Mr. Musk’s main source of wealth, also fell.

In April, Mr. Musk agreed to buy Twitter without any verification. It’s going to collapse to $ 1 billion if it leaves. Under the terms of the deal, Twitter also has the right to sue him to force him to complete the acquisition if his debt financing remains intact.

Twitter claimed that the deal remained on the road and that he was sharing information with Mr Musk.

In a statement on Thursday, Mr. Musk did not speak directly about whether he would close the deal with Twitter. But he said he had big plans for the service.

In a conversation led by Twitter’s chief marketing officer, Leslie Berland, Mr. Musk said he hoped to increase the service so that it would be used by more than a billion people around the world. That would be almost four times the number of people currently using Twitter. He added that he was practical at Tesla and expected to be so on Twitter and would be particularly involved in social media service features.

“I expect them to listen to me in this regard,” Musk said.

Mr. Musk answered questions collected from Twitter staff on Slack’s internal messaging system last week.

Some questions related to workplace culture, including distance work. This month, Mr. Musk sent a memorandum to Tesla and SpaceX employees saying he expected them to be in the office 40 hours a week. Twitter employees largely worked remotely during the corovirus pandemic.

At the meeting, Mr. Musk said he was open to Twitter employees who worked remotely, given that software development was different from daily appearances to build machines. But he noted that the lack of participation in the office could lead to a reduction in esprit de corps, and said he hoped people would be more willing to come to the office in the future.

Mr. Musk avoided giving a direct answer as to whether there would be a dismissal on Twitter under his supervision, though his response was horrific.

“Now the expenses exceed the income,” he said. “This is not a good situation.”

Mr Muskie, a longtime active Twitter user with more than 98 million subscribers, has long said he believes the company’s potential is underutilized. He added that he hopes to rejuvenate the service in the eyes of the public markets by making the company privately owned and making significant changes to how Twitter works.

Some employees inside Twitter had mixed feelings about Mr. Musk. Some said they were concerned about his Twitter habits and vague policies and worried about how he said he preferred the platform’s laissez-faire approach. This has raised questions, given the years Twitter has spent creating its policy department.

Others point to Mr. Musk’s reputation as an innovator. After former Twitter executives set out but failed to achieve high financial and customer service goals, some employees said Mr. Musk could strengthen the company.

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