Musk has only owned Twitter for a month. Here’s everything that’s changed

Musk has only owned Twitter for a month. Here’s everything that’s changed
The world’s richest man has marked a month since taking the helm at Twitter.
After spending months embroiled in an unsuccessful authorized battle to get out of his preliminary proposal to purchase Twitter, Musk made his first splashy entrance into the corporate’s places of work on October 26, carrying a sink. In a video of the incident shared on Twitter, he wrote: “Entering Twitter HQ — let that sink in!”

Since then, the billionaire has seemingly left no stone unturned throughout his whirlwind first month as “Chief Twit”.

Here is a take a look at the vary of how Musk (who continues to be, concurrently, CEO of his different firms Tesla and SpaceX) has already left his mark on one of many world’s most influential social media platforms.

Musk clears out C-suite, then cuts roughly half of Twitter’s employees

Almost instantly after Musk accomplished his drama-plagued $44 billion deal to purchase Twitter, he fired former CEO Parag Agrawal and different executives. He then made himself the CEO and sole director of the platform, per a securities submitting.
The dramatic management shakeup, nevertheless, was solely the primary style of the most important staffing overhaul to return. Musk started wide-ranging layoffs throughout the corporate, decreasing its total headcount by roughly 50 per cent within the span of a few days.

On the eve of November 3 and into November 4 (US time), quite a few now-former Twitter staff started posting on the platform that that they had been locked out of their firm electronic mail accounts because the job cuts started to play out in a really dramatic, public method.

The layoffs impacted departments together with moral AI, advertising and marketing and communication, search, public coverage, and extra. As the employees mentioned goodbye to their colleagues on-line (many sharing blue hearts and salute emojis to sign that they had misplaced their jobs at Twitter), Musk remained largely silent, no less than on the job cuts.

FILE - Elon Musk speaks at the SATELLITE Conference and Exhibition on March 9, 2020, in Washington. Twitter's new owner and Tesla CEO Musk has sold nearly $4 billion worth of Tesla shares, according to regulatory filings. (AP Photo/Susan Walsh, File)
Musk publicly fired a software program engineer who had survived the preliminary spherical of cuts, however who then questioned Musk on Twitter. (AP)

Musk provides ultimatum to remaining staff: Do ‘extraordinarily hardcore’ work or depart

In a late-night inside electronic mail after the mass employees cuts, Musk requested Twitter’s remaining staff to decide to “extremely hardcore” work or else depart the corporate with severance pay.

“Going forward, to build a breakthrough Twitter 2.0 and succeed in an increasingly competitive world, we will need to be extremely hardcore,” Musk wrote within the memo despatched out on November 16.

“This will mean working long hours at high intensity. Only exceptional performance will constitute a passing grade.”

In the memo, Musk goes on to stipulate how Twitter can be “much more engineering-driven” after which provides employees an ultimatum. “

If you are sure that you want to be part of the new Twitter, please click yes on the link below”, directing employees to what seems to be a web based type.

Musk mentioned any worker who had not carried out so by 5PM ET on the next day would obtain three months’ severance.

Elon Musk has gutted the executive team at Twitter, and is planning mass layoffs at the company.
Elon Musk gutted the manager group at Twitter, earlier than asserting mass layoffs. (AP)

Advertisers flee and Musk decries ‘huge drop in income’

Since Musk’s takeover, a handful of manufacturers — starting from General Mills to the North Face to the Volkswagen Group — confirmed a pause in promoting on the social community as civil society organisations raised new concern over the path of the corporate beneath Musk.

“Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists,” he mentioned in a tweet on November 4.

“Extremely messed up! They’re trying to destroy free speech in America.”

An ongoing saga over blue examine marks kicks off

Another facet of Twitter that Musk shortly upended is without doubt one of the platform’s most acquainted options for its customers: the verified blue examine marks that had lengthy been used to substantiate the authenticity of presidency officers, journalists, and different public figures.

“Twitter’s current lords and peasants system for who has or doesn’t have a blue checkmark is bullshitt,” Musk tweeted on November 1.

“Power to the people! Blue for (US)$8/month.”

The replace, as outlined on Apple’s App Store on the time, acknowledged that customers would now must pay US$7.99 ($11.84) per thirty days for the corporate’s Twitter Blue subscription to obtain a examine mark on the platform, “just like the celebrities, companies, and politicians you already follow”.

Chaos ensued. In one viral instance, a faux account, which featured a newly bought blue examine mark, purporting to be pharmaceutical large Eli Lilly tweeted {that a} vital diabetes drug would now be free.

In the wake of the mayhem, Musk in the end introduced that it will delay the rollout of the subscription service till the tip of the month.

“Punting relaunch of Blue Verified to November 29th to make sure that it is rock solid,” Musk tweeted on November 15.

Twitter restores some beforehand banned accounts, together with Donald Trump’s

The transfer got here shortly after Twitter restored the accounts of a number of different controversial, beforehand banned or suspended customers, together with conservative Canadian podcaster Jordan Peterson, right-leaning satire web site Babylon Bee, comic Kathy Griffin and Representative Marjorie Taylor Greene.

Ahead of restoring Trump’s Twitter account, Musk posted a ballot asking the platform’s customers if Trump ought to be reinstated — the place a slim majority (51.8 per cent) voted in favour of it.

“The people have spoken. Trump will be reinstated,” Musk tweeted.

“Vox Populi, Vox Dei.” (Latin for “the voice of the people is the voice of God.”).

Trump has beforehand mentioned he would stay on his personal platform, Truth Social, as a substitute of rejoining Twitter, and has but to tweet since his account got here again on-line.

But a change in his method might maintain main political implications as Trump has mentioned he’ll search the Republican presidential nomination in 2024.

Donald Trump will be 78 on election day in 2024.
Trump has beforehand mentioned he would stay on his personal platform, Truth Social, as a substitute of rejoining Twitter. (AP)

Musk goes onto to grant ‘amnesty’ to most beforehand banned accounts

After conducting one more Twitter ballot, Musk mentioned on November 24 that he’ll start restoring most beforehand banned accounts on Twitter beginning subsequent week. This would mark his most far-reaching transfer but to undo the social media platform’s coverage of completely suspending customers who repeatedly violated its guidelines.

The Thanksgiving Day announcement got here after most respondents voted in favour of his ballot over whether or not to supply “general amnesty to suspended accounts, provided that they have not broken the law or engaged in egregious spam”.

Once once more, Musk tweeted that “the people have spoken”.

His latest choices to reinstate beforehand banned accounts, primarily based on the outcomes of his polls on the platform, is notably at odds with how Musk beforehand mentioned he would deal with such decisions.

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“No major content decisions or account reinstatements will happen before that council convenes,” Musk added

It just isn’t instantly clear if that council was ever created, convened, or concerned within the decision-making behind bringing again Trump and previously banned accounts.