When Elon Musk relented, and decided to buy Twitter anyhow, he said he was doing so for the good of humanity. Why else would he over-pay for a piece of crap company that is an eye-sore on the fabric of America?
After watching Musk make major moves, swiftly ridding the company of the riffraff that’s been in charge in recent years, I must say, I believe his intentions are pure.
Personally, I think Musk could’ve widdled that price down quite a bit. After all, Twitter inflated their own value. They lied about the number of fake accounts. And the leftist leadership has driven millions from the platform. But, I’m pretty sure Musk will recoup his investment once he turns this junker around.
First on the chopping block was CEO Parag Agrawal and his entire executive team. Obviously, they’re the ones who’ve spent so much time developing the greatest algorithms of censorship ever seen. And most likely, keeping even one of them on board would keep a few rats in the swamp. Thus, the best thing to do is exterminate them all. (I’d call that a lesson learned from watching Trump’s first term unfold.) Undoubtedly, leaving just one rat would leave open the possibility of a new infestation.
Now, Musk took it one step further and fired an entire team of data engineers.
Fox News adds:
“It’s happening Entire team of data engineers let go. These are two of them,” Deirdre Bosa, co-anchor of CNBC’s bi-coastal tech-focused program “TechCheck,” tweeted Friday.
Bosa tweeted an image of the two individuals holding cardboard boxes on a sidewalk, adding that they were “visibly shaken.”
That same day, Musk, who self-proclaimed himself “Chief Twit” on his Twitter page, told his followers that “the bird is freed,” which is an apparent reference to the company’s logo.
Musk – dubbed the wealthiest man in the world by Forbes – had already warned investors earlier this month that layoffs would come once he took control of the social networking company.
According to The Washington Post, Musk told prospective investors that he planned to cut 75% of the workforce. The newspaper cited documents and unnamed sources familiar with the deliberations.
Clearly, the Twitter sale will go down in history as one of the most over-priced take-overs of our time. That’s got to cut a pocket-book pretty deep, even if you are the richest man in the world. It’s going to take some stellar maneuvering to make this investment pay-off. Which is why Musk can’t waste any time implementing his new business plan.
For now, this means Twitter is transitioning into a private company, so if you have a few shares, expect to be paid soon. Everyday investors, and those of us who dabble in trading on the internet, will no longer be able to buy into Twitter. But don’t think that’s a permanent change. It’s entirely possible that once Musk turns this company around, he could go public again.
More Big Changes
If you’re watching the Musk-Twitter feeds, then you already know the new boss sent advertisers a clear warning that Twitter won’t soon be a free-for-all. And these big changes start with a defining of values. The first of which appears to be ‘ensuring free speech’.
Fox Business adds:
In April, Musk said that he believes free speech is “the bedrock of a functioning democracy” and that Twitter is “the digital town square where matters vital to the future of humanity are debated.”
He reiterated that statement in a letter to advertisers on Thursday, but emphasized that Twitter “obviously cannot become a free-for-all hellscape, where anything can be said with no consequences!”
“In addition to adhering to our laws of the land, our platform must be warm and welcoming to all, where you can choose your desired experience according to your preferences,” Musk added.
When it comes to permanent bans on Twitter, Musk has said that he believes they should be “extremely rare” and primarily reserved for spam or fake accounts.
Musk plans to reinstate Trump, although Trump says he will remain focused on his own platform, Truth Social. I’m willing to bet Trump reconsiders his stance, and considers going back, by popular demand. Either way, it will be interesting to see how Twitter’s role in the 2022 and 2024 elections plays out in comparison to 2016, 2018 and 2020. The burning question has to be “will free speech change everything/anything?”
With the changing algorithms, Musk also has plans to make Twitter’s code open-source. For those of you unfamiliar with the term, it simply means the code would be open for everyday coding junkies to spot problems and correct them.
This would help to defeat more spambots and authenticate more humans. And Musk has many more ideas that he believes will take the company to new heights, including the recreation of X.com, a company Musk founded that eventually morphed into PayPal. He recently purchased the domain name and has big plans for his vision.
Although Twitter isn’t Musk’s creation per se, he will rebuild the company into something much bigger and brighter than it currently is or ever has been. Push come to shove, I don’t think anyone can doubt Musk’s vision. Here’s a man that started small, and grew to be the top dog! Literally, the guy on the very top. And he has PayPal, SpaceX, Tesla, Neuralink and The Boring Company to his credit, among others. I think we can totally trust him to build the common digital town square he envisions. Add firing a bunch of leftists, well that’s just the cherry on top!