Ex-Twitter Manager on Elon Musk: – He doesn’t seem to have a plan

Ex-Twitter Manager on Elon Musk: - He doesn't seem to have a plan

If nothing else happened, he could have taken control of the news image. And I think that’s his goal, says Vivian Schiller in an interview with the BBC after it became known on Thursday that the world’s richest person, Elon Musk, wants to buy Twitter.

Vivian Schiller is a former Twitter news director.

– It doesn’t seem like a serious attempt. He said nothing about how he intends to finance it. She also believes that he does not appear to have a plan for how he intends to curate the content on the platform.

— But he also has the point that Twitter hasn’t reached its growth targets compared to the competition, she said.

Not for the money

At a conference in Vancouver on Thursday, Elon Musk was interviewed about the background to the bid. There is talk in favor of making the Twitter algorithm open to everyone — and that Twitter should be open about all moderation of tweets.

Twitter is important to democracy in both the United States and the rest of the world. It is critical that the platform has a lot of confidence, Musk said, adding that he can technically buy 100 shares.

I have enough values ​​to implement it if I had the chance. But I don’t do this to make money. I don’t care about the economy of this at all, he said, adding that he also has a plan B if the burden shouldn’t come.

Elon Musk will buy all Twitter – ready to bid $54.20 per share

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Musk offered to pay $54.20 per share on Twitter with the settlement in cash, but that wasn’t enough to set fire to the stock, which finished at $45 when US stock exchanges closed Thursday night.

Musk is the richest person in the world, with an estimated fortune of $259 billion, according to the Bloomberg Billionaires Index. He himself is an active Twitter user, and with 81.6 million followers, he ranks eighth in the world. He recently refused a position on the company’s board of directors, after it became known that he had bought up to 9.2 percent of the ownership stake.

“I invested in Twitter because I believe in its potential to become a platform for freedom of expression around the world and I believe that freedom of expression is a societal necessity for a functioning democracy,” Elon Musk wrote in a statement.

– Yes, he is good for a lot of money, but he does not have a lot of money. Thus, he must either take out an unpaid loan in Tesla stock or sell himself in Tesla. Investment director Robert Ness told DN on Thursday that he would likely choose a mix.

According to Bloomberg, analyst Adam Crisavoli wrote at Vital Knowledge that he believes the bid is too low for shareholders or Twitter’s board of directors, citing the fact that Twitter’s share was just $70 a year ago.

One of those who refused was Saudi Prince Al-Waleed bin Talal, one of the company’s largest shareholders. Bloomberg.

“I don’t think Elon Musk’s offering is anywhere near true value on Twitter in terms of growth potential,” he wrote on Twitter.

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Do you want to become a top manager yourself?

Elon Musk currently leads two multi-billion dollar companies – Tesla and SpaceX. He also heads Neuralink, a company that is developing micro-implants (filaments) to be made into the brain to repair paralysis or treat brain diseases such as Alzheimer’s disease.

US CNBC is now speculating whether Musk has plans to lead Twitter as well as whether the offer is acceptable to Twitter shareholders.

CNBC notes that the good news is that it really happened before one person ran three or more companies with billions of dollars simultaneously. The bad thing is that his name was Carlos Ghosn, the former CEO of the Renault-Nissan-Mitsubishi alliance that implemented in 2018. Amazing escape From Japan after suspected financial fraud. Ghosn currently lives in Lebanon – a country that does not have an extradition agreement with Japan.(Conditions)Copyright Dagens Næringsliv AS and/or our suppliers. We would like you to share our cases using a link that leads directly to our pages. All or part of the Content may not be copied or otherwise used with written permission or as permitted by law. For additional terms look here.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

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