According to a new report from the Washington Post, Musk plans to cut the workforce of the social media company by 75% after he finalizes the deal to purchase it. Musk has a plan to restore the accounts of far-right figures.
After months of backpedaling and litigation, Musk is on the verge of closing the deal to buy the micro-messaging service. According to another report, the administration of President Joe Biden is concerned that Musk's friendship with autocrats could endanger national security.
Musk believes he can turn the company around after taking it private. The billionaire tried to back out of his offer to buy the company because he thought they had too many bot. The excuse hasn't been held up in court after the lawsuit was filed.
The deadline for completing the deal is just a week away, and according to people familiar with the matter, it will be done in time. The months ahead are likely to be tough as Musk believes that the workforce is too large. According to the Washington Post, Musk wants to fire around 5,000 people.
Musk has said he wants to double revenue at the social media service in three years. How does Musk plan to make that happen? The answer may be in the text messages the billionaire exchanged with Calacanis.
Musk was flooded with ideas from Calacanis, including expanding the number of verified users, giving paid users better perks, and paying a creator team to publish content first.
According to Calacanis, a new requirement that employees come into the office at least two days a week would result in 20% of the workforce leaving voluntarily. Musk was very receptive to all of Calacanis' ideas.
If this works out, would you like to be a strategic adviser? On April 23, Musk sent a text to Calacanis.
Calacanis said it was 100 percent. You have my sword.
Since his company gets billions of dollars in funding from the U.S. government, the White House is concerned about Musk's business decisions posing a risk to national security. There are no signs that the Starlink contract is currently being reviewed by the U.S. Treasury.
Why is the Biden administration worried about Musk? Musk is close to the Communist Party of China. Musk's suggestion that Taiwan should give up democratic control to the Chinese Communist Party was praised by Beijing.
Musk parroted Russian talking points about the war in Ukraine, suggesting that the Ukrainian government should allow the Russian president to keep the area. After Putin seized four more sections of Ukraine, Musk said he wouldn't fund any Starlink satellite internet service in the war-torn country. Before asking the Pentagon to pick up the tab, Musk had billed Starlink as a kind of charitable donation.
The amount of data the social media company has on Americans is something the White House is worried about. Prince Alwaleed bin Talal of Saudi Arabia is one of the investors who went in with Musk, according to reports.
For his part, Musk may be okay with a national security review of the deal. One person commented that it would be "hysterical" if the government stopped Elon from over paying for the service. Musk replied with a cry and a laugh.
All Rights Reserved © 2024
