Elon Musk has just taken over Twitter and is already making the promised changes to the company. After months of long negotiations, the tycoon finally closed the purchase agreement in US$ 44 billion this past Thursday, 27 of November of 2022.
Like this, the businessman promptly took command of Twitter and fired the current CEO, Parag Agrawal. Besides him, other high-ranking executives were also sent away, as CFO Ned Segal. Changes have also appeared on Musk's own Twitter profile.
The hitherto considered the richest man in the world changed his bio to “Chief Twit”. E, right away, a video of the businessman from the headquarters of his newest acquisition was shared on the networks.
Twitter Redesign
Elon Musk had already shown interest in making several management changes if he took over the social media company. Among the new owner's main orders are layoffs. Apart from high-ranking executives, the proposal is to dismiss 75% of current Twitter employees.
According to a Washington Post interview, Musk has severe criticism of the content moderation policies currently applied by the organization. For him, the team would have a “strong left-wing bias”. So much so that one of Musk's possible changes should be the reactivation of the former American president's accounts, Donald Trump.
The politician was banned from the social network last year, shortly after a riot at the Capitol. Twitter said it made the decision “due to the risk of further hate speech”. Another person whose account was banned and which Elon Musk supports is singer Kanye West.
Changes to the user experience
But, what can change for those who have a Twitter account? Elon Musk strongly defends “freedom of expression” and, that's why, tends to change content algorithms and make moderation rules more flexible.
A big change that can be implemented, although, It's Application. Similar to the WeChat model, and TenCent and China, This would be a mobile app that would bring together different services in a single tool, like social media, food delivery, messages and payments.
Another experience change is that the edit posts button may also be available to all users. Finally, the new management could affect the Twitter website, by allowing small fees to be charged and reducing the number of fake accounts and spam.
Long negotiations
The possible purchase of Twitter by the owner of Tesla has been negotiated since April. Although, some problems between Musk and the company delayed the final agreement. In April, Twitter was being valued at US$ 54,20 per share. But, in July, Musk wanted to formally withdraw from the purchase.
For him, the company had knowingly misled him about the presence of bots on the site, which caused the businessman to file a lawsuit against Twitter. Although, is 3, Musk reversed his decisions and resumed negotiations on initial terms, suspending the trial scheduled for the day 17 October, em Delaware.
