Musk Plans to Meet with Twitter Workers This Week, as Takeover Deal Continues to Progress
Fast check-in on the Elon Musk Twitter takeover, to see how issues are going. So is Musk set to grow to be the King of the Tweets any time quickly?
Nicely, no, nevertheless it does probably seem that the deal could also be progressing as soon as once more, after Twitter not too long ago provided Musk’s team with its ‘full firehose’ of tweets, with a purpose to allow them to conduct their very own evaluation of faux profiles within the app.
In accordance with a new report from Bloomberg, Musk has scheduled a gathering with Twitter workers for this Thursday, which is able to give Twitter workers an opportunity to ask Musk straight about his plans for the app.
As per Bloomberg:
“Elon Musk will handle Twitter Inc. workers at a company-wide assembly this week, the primary time the Tesla Inc. chief govt officer will meet with workers since agreeing to purchase the corporate for $44 billion in late April. The digital assembly is ready for Thursday morning, and Musk will take questions from Twitter workers, the folks stated.”
Which ought to go nicely – little question Twitter workers shall be utterly open to listening to from the person who’s been publicly criticizing their colleagues and policies since launching his takeover push for the platform some 9 weeks ago.
As some readers could recall, Musk was really scheduled to fulfill with Twitter workers back in April, following the information that he had purchased more than 9% of the company’s shares. At the moment, Musk had simply grow to be Twitter’s largest shareholder, and hadn’t launched a takeover push as but – however after assembly with Twitter execs, and listening to their plans for the platform, Musk determined that he had no religion within the firm’s administration, and opted to not meet with workers because of this.
Since then, Musk has frequently criticized Twitter’s processes, taking purpose at all the pieces from its progress methods, to its flawed profile verification process, to its perceived left-wing bias, to the infestation of bots in the app.
The latter has grow to be a key level of competition, with Musk posting a comment on May 13th which claimed that his Twitter takeover deal was successfully ‘on maintain’ until Twitter may present extra proof that its energetic consumer rely was not dominated by bots accounts.
As famous, Twitter lastly responded to this last week, when it gave Musk’s group entry to its full tweet database, basically placing the onus on them to conduct their very own, unbiased evaluation of its content material, with a purpose to disprove its declare that pretend profiles solely make up 5% of its customers.
The truth that Musk is now prepared to fulfill with Twitter workers looks as if an indicator that this might have been sufficient to get the deal transferring once more. Although that’s solely hypothesis, as we do not know what Musk’s group will ultimately discover, or whether or not Musk himself will select to consider, in any manner, that its pretend profile rely is that low.
As a result of as Musk has repeatedly acknowledged, he’s fairly assured it’s greater than that.
20% pretend/spam accounts, whereas 4 occasions what Twitter claims, might be *a lot* increased.
My provide was based mostly on Twitter’s SEC filings being correct.
Yesterday, Twitter’s CEO publicly refused to point out proof of <5%.
This deal can not transfer ahead till he does.
— Elon Musk (@elonmusk) May 17, 2022
But, even when Musk does discover that pretend profiles make up greater than 5%, that doesn’t imply that he can get out of the Twitter deal, as some have speculated, with Twitter falling again on its estimates which were accepted by the SEC in its previous efficiency reporting.
If Musk’s group really discovered the quantity to be 20%, as Musk says, Twitter may incorporate its detection methodology into its future experiences. However that also wouldn’t imply that Twitter has acted in unhealthy religion within the deal, and sought to mislead Musk and Co. within the course of.
With out clear unwell intent, the deal appears prone to push forward – and now Twitter workers will have the ability to press Musk on his vague plans for the app, which embrace concentrating on 200% progress over the subsequent three years, in addition to a 5x enhance in Twitter income by 2028.
Musk has additionally stated that he plans to chop 1,000 roles from the corporate over the subsequent yr, which is able to doubtless make this a very testy assembly.
But when Musk has any considerations, he’s not displaying it, as he continues to tweet juvenile jokes within the app.
As a result of 69, it’s impolite… get it?
It’s truthfully arduous to inform whether or not Musk is a genius visionary or a sheltered frat boy – and I assume, actually, he might be each.
However his Twitter plans definitely appear bold, to say the least.
Perhaps we’ll discover out extra this week.