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Musk Plans to Meet with Twitter Workers This Week, as Takeover Deal Continues to Progress
Properly, no, but it surely does probably seem that the deal could also be progressing as soon as once more, after Twitter just lately supplied Musk’s staff with its ‘full firehose’ of tweets, as a way to allow them to conduct their very own evaluation of faux profiles within the app.
Based on a new report from Bloomberg, Musk has scheduled a gathering with Twitter staff for this Thursday, which can give Twitter workers an opportunity to ask Musk immediately about his plans for the app.
As per Bloomberg:
“Elon Musk will handle Twitter Inc. staff at a company-wide assembly this week, the primary time the Tesla Inc. chief government officer will meet with staff since agreeing to purchase the corporate for $44 billion in late April. The digital assembly is about for Thursday morning, and Musk will take questions from Twitter staff, the folks stated.”
Which ought to go properly – little question Twitter staff can be fully open to listening to from the person who’s been publicly criticizing their colleagues and insurance policies since launching his takeover push for the platform some 9 weeks in the past.
As some readers might recall, Musk was really scheduled to fulfill with Twitter workers again in April, following the information that he had bought greater than 9% of the corporate’s shares. At the moment, Musk had simply turn out to be Twitter’s greatest 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 regularly criticized Twitter’s processes, taking intention at all the pieces from its development methods, to its flawed profile verification course of, to its perceived left-wing bias, to the infestation of bots within the app.
The latter has turn out to be a key level of competition, with Musk posting a touch upon Could thirteenth 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 final week, when it gave Musk’s staff entry to its full tweet database, primarily placing the onus on them to conduct their very own, unbiased evaluation of its content material, as a way to disprove its declare that pretend profiles solely make up 5% of its customers.
The truth that Musk is now keen to fulfill with Twitter workers looks like an indicator that this might have been sufficient to get the deal shifting once more. Although that’s solely hypothesis, as we do not know what Musk’s staff will ultimately discover, or whether or not Musk himself will select to imagine, in any approach, 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 instances what Twitter claims, could possibly be *a lot* greater.
My provide was based mostly on Twitter’s SEC filings being correct.
Yesterday, Twitter’s CEO publicly refused to indicate proof of <5%.
This deal can not transfer ahead till he does.
— Elon Musk (@elonmusk) Could 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 staff really discovered the quantity to be 20%, as Musk says, Twitter may incorporate its detection methodology into its future reviews. 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 in poor health intent, the deal appears more likely to push forward – and now Twitter workers will have the ability to press Musk on his imprecise plans for the app, which embody concentrating on 200% development over the subsequent three years, in addition to a 5x improve in Twitter income by 2028.
Musk has additionally stated that he plans to chop 1,000 roles from the corporate over the subsequent 12 months, which can doubtless make this a very testy assembly.
But when Musk has any issues, 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 laborious to inform whether or not Musk is a genius visionary or a sheltered frat boy – and I assume, actually, he could possibly be each.
However his Twitter plans actually appear formidable, to say the least.
Perhaps we’ll discover out extra this week.