Elon Musk, the richest man in the world, has released $ 44 billion to take over Twitter. Photo: AP
Elon Musk the new owner of Twitter went to the social network with different ideas to completely renew the social network. The richest people in the world are thinking of different changes, like the idea of charge users to embed or quote tweets from verified accounts or monetize all tweets that “contain important information or go viral” . But now he will go for more and It targets companies and governments.
In a tweet posted on Tuesday nightthat seems to be his preferred way of developing and disseminating his brilliant ideas, Musk said Twitter will always be free for casual users, but “perhaps in the future there will be a small cost for commercial users and governments”. Musk, whose offer to buy Twitter for $ 44 billion was accepted in late April, did not elaborate.
The South African tycoon reportedly raised these possibilities with several banks during his talks to get the $ 16 billion in loans needed to buy Twitter .
With this pair of significant changes, it will be like taking revenue while reducing costs to get closer to the revenue of Facebook and Pinterest two of the platforms precede the little blue bird. If these two ideas became reality, they would be a great way, on paper, to free Twitter from the yoke of advertising.
ang“I want Twitter to be better than ever product enhancements with new features, building open source algorithms to increase trust in them, beating spam bots, and verifying everyone, ”Musk said on April 21st. “Twitter has tremendous potential; I look forward to working with the company and the user community to unlock it. “
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Twitter: The days of Parag Agrawal are numbered
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Another significant change with the arrival of Musk was the dismissal of Parag Agrawal as CEO of Twitter. The Indian manager got the job at the end of 2021 after the resignation of Jack Dorsey. He was second in command, so it was naturally sequential. However, the post may be for relatively little.
Parag Agrawal replaced Jack Dorsey on the Twitter board. Photo: Ellian Raffoul/AP
According to Reuters, Musk has already decided to cut off Agrawal’s head and appoint a new director he trusts. Bret Taylor, president of Twitter, will find out.
After the collapse of the current CEO of Twitter will come a cascade of dismissals among low -ranking employees. In talking to lending banks, he also ruled out the possibility of cutting jobs to reduce costs, something Agrawal denied would happen.
Musk’s idea is also expressed publicly at times: the South African has already been revealed remove advisor salaries This means savings of three million dollars annually.
In any case, everything will be lost on standby until Elon Musk’s Twitter purchase is completed.
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Twitter without ads?
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On the other hand, Elon Musk rose the idea of a Twitter without ads, although this is not one of the priorities described in the official merger announcement. That may be because leaving the company’s primary way of making money is a high order, even for the richest people in the world.
Ads are counted over 92% of Twitter revenue in the fiscal quarter from January to March. The company last year launched a premium subscription service, known as Twitter Blue, but so far has had little success.
Source: Clarin
