Elon Musk, CEO of Tesla Motors recently bought the social media platform Twitter for USD 44 bn.
Musk made a dramatic entrance into the Twitter office carrying a sink, just so he could tweet, “Let that sink in.”
There had been speculations before about the kind of boss Musk is for his employees at Tesla, but for Twitter employees, he went a step ahead. Within the first 12 hours, Elon fired the top Twitter officials including the previous CEO Parag Agarwal and completely took over the platform.
Musk says that these officials had misled him in the past and given him faulty information which led to him incurring a huge loss.
In the near future, Musk plans to lay off more than 3,700 Twitter employees, most likely to lower the costs and balance and recover the money he spent on buying the platform. Though he claims that he has bought Twitter as a service to humanity.
Elon Musk claims he intends to make Twitter a safe space again. He also aims to lower the number of spam bots on the platform to make it more authentic. The CEO has planned to minimize censorship and provide a better service to users. He says that he will also adjust the algorithm to cater to users personally.
In the most recent announcement, Elon Musk launched the new Twitter Blue, with a charge of USD 8 per month for the blue tick. This has created a lot of noise among celebrities and the current verified accounts. According to critics, this paid verification might lead to an increase in imposter accounts. There is also debate about whether or not these 40,000 verified users will pay the monthly subscription fees to maintain their blue tick.