Elon Musk, a billionaire who recently purchased Twitter and became its CEO, has stated that he does not wish to hold the position of CEO at any other company. On Wednesday, Musk defended himself in a Delaware court as a witness in a shareholder case that seeks to overturn a remuneration package he was given by Tesla’s board of directors that may be worth more than $55 billion.
Reportedly saying in court, “I expect to limit my time at Twitter and find somebody else to run Twitter over time,” Musk has been quoted extensively in the media for making this plan public. After sending an email to the remaining Twitter team last night, Musk said that the company’s core competency is in software and servers and gave them till Thursday evening to decide if they want to stay with the company.
Musk stated that in order to create “will need to be extremely hardcore” to build “a breakthrough Twitter 2.0″ meaning they will have to put in long hours with a lot of focus. Musk, who also runs Tesla and SpaceX, has suggested that Twitter will become more engineering-focused, with a focus on hiring people who can write “great code.”
The billionaire, who acquired the San Francisco firm for $44 billion at the end of October, sent out mass emails to its full-time employees terminating their employment early this month. He is also expected to eliminate an unknown number of contract positions for those responsible for combating false news and other potentially harmful content.
Several engineers have tweeted this week that they were terminated for posting criticisms of Musk on Twitter or an internal forum for Twitter employees. Musk has promised more freedom of speech for users. Despite widespread criticism, he has attempted to convince advertisers, who provide the majority of Twitter’s revenue, that the proposed rule changes will not harm their businesses by associating them with dangerous content.
Musk has also stated that on November 29 he intends to reinstate Twitter’s premium service, which for $8 per month provides users with blue check “verification” badges. The billionaire announced the relaunch date in a tweet, saying it would happen later this month to ensure the service is “rock solid.”
Punting relaunch of Blue Verified to November 29th to make sure that it is rock solid
— Elon Musk (@elonmusk) November 15, 2022
Musk invited his staff to confirm their interest in joining the “new Twitter” by clicking a link in the email. He informed workers that they had till Thursday at 5:00 p.m. Eastern to respond to the link. Employees who fail to respond by the deadline will be paid severance for three months. “Whatever decision you make, thank you for your efforts to make Twitter successful,” Musk wrote.
A billionaire who just bought Twitter and took over as CEO, Elon Musk, has said he has no interest in being CEO of any other company. Musk testified as a witness on Wednesday in a Delaware court in defense of a compensation package he was given by Tesla’s board of directors that could be worth more than $55 billion.
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