So, Elon Musk is now the ‘Chief Twit’ as he says, with the billionaire taking possession of the platform late Thursday, and for now a minimum of, appointing himself as interim CEO. Whether or not he stays on as chief, or appoints any person else to that function, stays to be seen, however to date, it does seem as if Musk plans to take a hands-on function in re-aligning the app in his imaginative and prescient.
Musk’s first order of enterprise was to hearth a number of prime execs. The lack of a lot expertise will harm the corporate, little doubt. However Musk has an alternate view on what Twitter needs to be, in order that they have been unlikely to ever see eye-to-eye anyway. And the departing execs will take house tens of millions in payouts, which ought to soften the blow, earlier than they’re re-appointed at one other tech agency in related roles.
Musk’s second key order of enterprise is to take Twitter non-public. Thus, Twitter will not be a listed entity, and can not have to supply efficiency updates. Some particulars will nonetheless be out there, however they gained’t be formally reported each quarter.
De-listing will even see the dissolution of Twitter’s present board of administrators, with Musk to nominate a brand new board at some stage. Who he appoints right here might additionally level to his future plans, which, once more, stay comparatively imprecise, exterior of some key hints.
To recap, Musk has mentioned, or a minimum of implied, that his priorities might be:
- Eliminating bots
- Increasing the principles round what customers can say within the app (inside the regulation)
- Open sourcing feed algorithms
- Rising paying subscribers
