World's richest man, Elon Musk, paid $44 Billion to buy one of the most famous social media platforms in the world. The first thing Musk did after the purchase,
was to fire CEO Parag Agarwal. Along with him, a large number of Twitter employees have been fired. Elon Musk has claimed that Twitter has now been set free. Elon Musk became the new CEO of Twitter. And put his plans for Twitter in front of the public. They were truly shocking.
First, he shared his idea that he wants to make Twitter like the Chinese app WeChat. Not only can people Tweet on it, but also people would be able to chat on it, video call each other, play video games, and even make payments.
One app for it all. The second plan that he revealed was that the blue tick marks that you see on Twitter, that are normally given to famous and notable people, he said that he would give the tick marks to everyone
at the cost of $8 per month. He is literally trying to sell the blue tick marks.
Elon Musk claims that this will be a new source of revenue for Twitter.
But the critics claim that since Elon Musk spent a large amount on Twitter,
He wants to recover it somehow.
Elon Musk announced a proposal to purchase Twitter on Thursday, April 14th, for $54.20 per share. Twitter accepted the deal on April 25th. By July 8th, Musk wanted out.Elon Musk has taken over ownership of Twitter as of October 27th.
Elon Musk has finally taken over twitter, and it has brought so many reactions from all around the world. Some people are supporting this move, while others are not. But in any case, things have already started to change within the company. A lot of employees have been laid off, and the blue tick would now cost $8 per month. Infact, Elon Musk has also fired Parag Agrawal, who was very recently hired as the CEO of Twitter.
Twitter's employees wrote an open letter protesting Elon Musk's takeover of Twitter. They show their disagreement by claiming that it wouldn't help Twitter in the future. Elon Musk plans to take Twitter's revenue to $26 Billion by 2028.
Whereas, as of last year, it was at $5 Billion. He claims that his goal is to have 931 million users by 2028, whereas there are 217 million users on Twitter now. To enable an expansion of this scale, he may try to shape Twitter like TikTok.
On 31st October, he tweeted a poll, to see if people wanted to bring back Vine to Twitter. Vine used to be a social media platform that was integrated similarly to Twitter.
End to remote work
Before Musk bought Twitter, the company had a long-standing policy that let workers work from home. The business also instituted monthly, all-company holidays during the pandemic. Musk said that Twitter employees would no longer be permitted to work from home in his first email to the company. Musk stated in the email that employees would be required to work a minimum of 40 hours per week as of right away.
Musk also took away the monthly vacation days from the company's employee schedules.
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