According to CNBC, at the center of Twitter’s redesign is a new underwriting and verification process. The social media giant’s current workers were tasked with a complete overhaul in just one week, according to the report, with many hours planned and uncertainty about the safety of the task. .
In fact, investors were informed that up to 75% of the staff could be laid off, but when Musk arrived at Twitter’s headquarters on the day the sale was confirmed, the entrepreneur claimed that was not the intention.
Musk intends to use Tesla Autopilot’s software engineers to read over Twitter’s existing codebase to identify where innovations can be made. Employees of Musk’s tunneling company, called The Boring Company, and its corporate brain-machine interface Neuralink are also concerned about the process. It appears the data was obtained from Twitter’s internal directory, to which the names of Musk’s other corporations were temporarily added after the ownership change.
Musk, who was already chief executive of Tesla and SpaceX, finalized his $44 billion (£38. 4 billion) acquisition on Friday last week, Twitter’s headquarters with a white porcelain sink, then tweeted “Let it flow” and then converted his own Twitter profile to read “Chief Stable. “
He temporarily fired CEO Parag Agrawal, Chief Financial Officer Ned Segal and Chief Legal and Policy Officer Vijaya Gadde, making him the company’s sole director and chief executive.
Significant changes are also likely to occur by end users on Twitter, as Musk has announced in his own tweets over the past year.
The most that is talked about is the end of lifetime bans for users, which opens the option for former US President Donald Trump to return to the platform, but it will also be about profitability that does not depend on advertising.
To do this, it is very likely that a new user verification formula will be connected to a paid subscription model.
And Musk hopes to attract content creators by allowing them to make a living from the platform, as is imaginable on other social networks.
After a dispute with Twitter’s directors in April, when Musk intended to become a board member, the entrepreneur came forward to buy Twitter directly for $54. 20 according to the shares. To lose money, he first sold $8. 5 billion worth of Tesla stock. He then tried to withdraw from the settlement the following month with lawyers acting on Musk’s behalf, claiming Twitter was in a “material violation” of the agreement because of its “bots” — fake accounts controlled through Ai that artificially increase the number of users.
Twitter then sued him and Musk sold another $6. 9 billion in inventory to “avoid an emergency sale” if Twitter was successful in court. The platform said it had committed “a long list” of contract violations and that legal disputes continued for months, behind closed doors. and through posts on Twitter, before Musk relented and proceeded with the sale.