Everything ridiculous we learned today about Elon Musk’s plan to take over Twitter 2022-04-29 17:38:34


This is the end of the first week after that Twitter has accepted Elon Musk’s $44 billion takeover offerAnd one of the strangest tech transactions ever continues to add new volatility. Detailed report from The Wall Street Journal It has removed some layers of the process that began with Musk pooling Twitter shares back in January and what that might mean when he finally closes the deal and becomes its owner. Taken with additional information from the edge Contribution rate Casey Newton in Curriculum And a new report from ReutersThe picture begins to become clearer.

Reuters Adds more detail to previous reports from Bloomberg And Washington Post About the ideas Musk had for the bankers who would lend him some of the money he needed to buy Twitter. to me Reuters Sources, he told the bankers that he plans to develop features to increase revenue, one example of which is “charging fees when a third-party website wants to quote or include a tweet from verified individuals or organizations.”

As the outlet notes, in some now-deleted tweets earlier this month, Musk discussed reducing Twitter’s reliance on ads to make money and suggested changes to the Twitter Blue subscription, such as blocking ads. Reuters Reports also indicate that Musk has already appointed a new CEO to take over the role From Parag Agrawal He cites a source who says he won’t make decisions about job cuts until he actually takes ownership of the company.

This doesn’t add much to what we now know about Elon’s plans once he takes office, but according to Casey Newton report in his Curriculum the news At Twitter’s sweeping meeting early Friday, it will be more than the company’s executives and board members knew before they voted to accept the takeover offer. Newton writes, “In fact, Agrawal said that the executives didn’t even see the company’s plans that Musk was said to have shared with the bankers.”

But how did we get here, right? The Wall Street Journal He has some color to offer there, citing the “Shadow Crew” instigating Elon Musk’s bid for Twitter that included former PayPal co-worker Peter Thiel (Who Funded Ted Cruz’s Primary Senate Candidacy), right-wing blogger Charles C. Johnson (Who previously sued Twitter), and Seth Dillon, CEO of Babylon bee, which the paper describes as a “right-leaning satirical publication modeled on The Onion.” These links might explain things to anyone who is confused by the right Renewed activity on Twitter And statements from figures who had accounts banned on the platform, such as Rep. Marjorie Taylor Green or Donald Trump, about the possibility of a return.

Much of the article, however, focuses on the close ties that bind Elon Musk to Twitter founder and former CEO Jack Dorsey, despite the latter’s eventual decision to ban Donald Trump from the platform and Musk’s choice to represent himself in a single tweet with the phrase “I put art in a fart.” . The The Wall Street Journal Reports suggest that Dorsey, who at the time was CEO of two companies, may “occasionally appear free in meetings” while messaging Musk.

After publishing the article, Dorsey Publish the topic of Tweets Despite the fact that he “tried to take a break from Twitter recently”. Dorsey said, “Every decision we made was ultimately my responsibility*. In cases where we were wrong or went too far, we admitted it and worked to correct it.”

This sudden impulse to take responsibility publicly included a tweet in response to a question about Twitter Temporary and confusing blocking of links to a file New York Post story About the son of President Joe Biden, where says now“When we found out we had taken this action, we reversed it almost immediately. We should have also reset the account without having to delete the tweet.”

Taking responsibility also arrives two days later from potential Twitter owner/Dorsey’s messenger buddy A response to a tweet criticizing Twitter policy and Legal Director Vijaya Jade About the incident, calling the action “incredibly inappropriate”, and tweeting a message claiming the company’s “left-wing bias” that showed her face on her. financial times Reporter Dave Lee pointing to That was followed by a wave of hateful tweets targeting Gadi.

For Jack, the most important point seems to be that “I don’t think any permanent bans (except for illegal activity) are true, or should be possible.” For reasons that may be buried deep in a text thread with Elon, Dorsey thinks this is the fix Twitter needs to quickly learn and improve in ways it hasn’t seen before.