Elon Musk frees the blue bird and wants to fire 75% of Twitter staff – Business

Elon Musk frees the blue bird and wants to fire 75% of Twitter staff – Business

What if we were talking about a liberated bird? It is by these terms that Elon Musk, the boss of Tesla and the richest man in the world, announced his takeover of Twitter, the social network represented by a little blue bird.

Elon Musk paid $44 billion for Twitter. In the unanimous opinion of all the experts, this is an overpriced price, even for the richest man in the world. Hugely overrated, if only because in 15 years of existence, Twitter has never been profitable. Moreover, the first decision of Elon Musk, when he officially bought Twitter, was to fire his boss, and he does not intend to stop there.

He made it clear to investors that he intended to lay off 75% of positions at Twitter, to reduce the total number of employees to 2,000 people. It’s astonishing as an approach. Usually when a boss takes over a box, he says just the opposite, because it’s not by scaring the staff that you can straighten out a company that is losing money. Moreover, Elon Musk has since tried to reassure the staff of Twitter, but in vain. Twitter employees are far from reassured, because an SMS sent by an assistant to Elon Musk, and made public, shows the rapid and terrible calculation that Elon Musk made to admit that 75% of the staff had to be fired. . He simply divided Twitter’s revenue ($5 billion) by Twitter’s 8,000 employees. And in the end, each employee brings in $625,000 compared to $1.9 million per employee at Google and $2.3 million for Apple.

In short, Elon Musk and his team understood that there was room and that the current team is not profitable! And that’s where we come to after the program… The rest of the program is that advertisers have understood that Elon Musk was not buying Twitter to make money (to what’s the point, he already has enough to live without working for centuries), no if he bought Twitter, it’s for ideological reasons. He believes that this platform, widely used by politicians and journalists, is restricted, that it is not free enough according to his tastes.

But some think that having the richest man on the planet controlling the most influential media is not a good thing. Especially since Elon Musk, through his multiple businesses, is not a neutral actor. So what Musk is doing for now is trying to reassure advertisers that Twitter isn’t going to become a cesspool for extreme opinions. Moreover, he has no choice but to reassure these advertisers, because Twitter today depends 95% on advertising. So, it’s true, Elon Musk has ideas to find other sources of funding, but all this will take time, and until then, he will have to show his paw and prevent Twitter from becoming a money pit. It’s also one of the reasons why Tesla stock has fallen nearly 50% since last April, as experts realize that genius Elon Musk is going to have to spend time on Twitter, and thus divert its attention from its other infinitely more profitable businesses. Elon Musk is a bit like the Tony Stark of real life: he’s a superhero, and like any superhero, he has dark faces that are incomprehensible to ordinary mortals.

Elon Musk paid $44 billion for Twitter. In the unanimous opinion of all the experts, this is an overpriced price, even for the richest man in the world. Hugely overrated, if only because in 15 years of existence, Twitter has never been profitable. Moreover, the first decision of Elon Musk, when he officially bought Twitter, was to fire his boss, and he does not intend to stop there. He made it clear to investors that he intended to lay off 75 % of positions at Twitter, to reduce the total number of employees to 2,000 people. It’s astonishing as an approach. Usually when a boss takes over a box, he says just the opposite, because it’s not by scaring the staff that you can straighten out a company that is losing money. Moreover, Elon Musk has since tried to reassure the staff of Twitter, but in vain. Twitter employees are far from reassured, because an SMS sent by an assistant to Elon Musk, and made public, shows the rapid and terrible calculation that Elon Musk made to admit that 75% of the staff had to be fired. . He simply divided Twitter’s revenue ($5 billion) by Twitter’s 8,000 employees. And in the end, each employee brings in $625,000 compared to $1.9 million per employee at Google and $2.3 million for Apple. In short, Elon Musk and his team understood that there was room and that the team current is not profitable! And that’s where we come to after the program… The rest of the program is that advertisers have understood that Elon Musk was not buying Twitter to make money (to what’s the point, he already has enough to live without working for centuries), no if he bought Twitter, it’s for ideological reasons. He believes that this platform, widely used by politicians and journalists, is restricted, that it is not free enough according to his tastes. But some say that having the man, the richest on the planet, control the media, the most influential, is not a good thing. Especially since Elon Musk, through his multiple businesses, is not a neutral actor. So what Musk is doing for now is trying to reassure advertisers that Twitter isn’t going to become a cesspool for extreme opinions. Moreover, he has no choice but to reassure these advertisers, because Twitter today depends 95% on advertising. So, it’s true, Elon Musk has ideas to find other sources of funding, but all this will take time, and until then, he will have to show his paw and prevent Twitter from becoming a money pit. It’s also one of the reasons why Tesla stock has fallen nearly 50% since last April, as experts realize that genius Elon Musk is going to have to spend time on Twitter, and thus divert its attention from its other infinitely more profitable businesses. Elon Musk is a bit like the Tony Stark of real life: he’s a superhero, and like any superhero, he has dark faces that are incomprehensible to ordinary mortals.

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