A few days after the purchase of Twitter by Elon Musk was announced, the information is flowing and reveals the millionaire’s plans for the social network.
In published information by Reuters Musk is said to have raised the banks who agreed to help finance the $44,000 million acquisition of Twitter of dollars, that among its plans is to crack down on executive salaries in an attempt to cut costs, and that it will develop new ways to monetize tweets.
The information was leaked by three people familiar with the matter, who said that Musk’s speech to the banks constituted his vision rather than firm commitments, because the plan that Musk described to the banks “was scant on details”.
The millionaire had previously tweeted about the elimination of the salaries of the directors of the board of directors of Twitter , what could mean savings of around $3 million dollars.
For its part, Bloomberg News reported that Musk also mentioned job cuts as part of his presentation to the banks and that he will not make decisions on the matter until assume ownership of the company later this year.
According to the insiders, who requested anonymity because the matter is confidential and sensitive, Musk said he plans to develop features to increase business revenue, including new ways to economically capitalize on tweets that contain important information or go viral.
Among the ideas raised by the new owner of Twitter, there is the one to charge a fee when a third-party website wants to quote or embed a tweet from verified people or organizations.
In a tweet by Musk, which he later deleted, he suggested a series of changes to the premium subscription service Twitter Blue, including the reduction of its price cio, the ban on advertising and the option to pay with the dogecoin cryptocurrency.
One of the sources indicated that Musk is also thinking of a new CEO for Twitter, although he refused to reveal the identity of that person, so Parag Agrawal is expected to remain in his position until the sale of the company is completed.
Among the information it was also noted that Musk will seek moderation policies on the social media platform that are as free as possible within the legal restrictions of each jurisdiction in which Twitter operates.
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