$Tesla (TSLA.US)$ After the acquisition of Twitter is comple...
$Tesla (TSLA.US)$ After the acquisition of Twitter is completed, Musk will become the sole director of Twitter!
According to related media reports, after acquiring Twitter, Musk initiated a round of 'troublemaking'. On October 28th, Twitter engineers were asked to print out the code from the last 30 to 60 days and submit it for review by Musk and Tesla engineers. After the review, Musk requested them to tear up the code and display it on the computer.
The reason Musk did this is because he wants to identify who are the truly capable employees while eliminating those who do not frequently write code.
Before buying Twitter, he had mentioned wanting to lay off 75% of Twitter's employees. But at Twitter headquarters, he reassured that there were no plans to lay off 75%. However, based on the current actions, it is highly probable that layoffs will be implemented according to his own plan.
In fact, after buying Twitter, Twitter will be privatized, and Musk's first task is to solve the profitability issue. In recent years, due to the unfavorable situation of the internet, advertising revenue has also declined. Therefore, how to boost Twitter's revenue and increase profitability has become a top priority.
Therefore, although some of Musk's behaviors may seem absurd, his economic calculations are still very shrewd.
According to related media reports, after acquiring Twitter, Musk initiated a round of 'troublemaking'. On October 28th, Twitter engineers were asked to print out the code from the last 30 to 60 days and submit it for review by Musk and Tesla engineers. After the review, Musk requested them to tear up the code and display it on the computer.
The reason Musk did this is because he wants to identify who are the truly capable employees while eliminating those who do not frequently write code.
Before buying Twitter, he had mentioned wanting to lay off 75% of Twitter's employees. But at Twitter headquarters, he reassured that there were no plans to lay off 75%. However, based on the current actions, it is highly probable that layoffs will be implemented according to his own plan.
In fact, after buying Twitter, Twitter will be privatized, and Musk's first task is to solve the profitability issue. In recent years, due to the unfavorable situation of the internet, advertising revenue has also declined. Therefore, how to boost Twitter's revenue and increase profitability has become a top priority.
Therefore, although some of Musk's behaviors may seem absurd, his economic calculations are still very shrewd.
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