Elon Musk in the Twitter town hall says he wants at least one billion users, hints at layoffs

Elon Musk, co-founder of Tesla and SpaceX and alleged owner of Twitter, questioned employees of the social media company at Virtual City Hall today, where he said he wanted to see at least a billion people on the platform and was a little bit fear. when it comes to job cuts.

Twitter announced 229 million daily active users in the first quarter of 2022.

According to press reports and tweets posted at the meeting, when asked about content moderation, he was very concerned about “boring content”. He called TikTok for fun, as well as Chinese WeChat to get people involved.

Speaking of his dismissal, Musk said, “Now the costs are more than the revenue. This is not a good situation,” wrote The New York Times in a long Twitter post. However, he’s been less strict about remote work than his other business, where he recently caused a stir by saying that employees who don’t want to return during the 40-hour workweek should leave. These businesses are more physically accessible, Twitter is a little different, he said.

Musk first announced plans to buy Twitter for $ 44 billion in cash and turn it into a personal one. He promised that it would become a freer and less content town square in moderation. Musk recently changed sides and became a Republican.

But it seems he was suddenly angered by the lack of reliable fake account data and announced the deal was over. It is not clear if this is a legal option for him and, in any case, from today’s meeting, it seems that he will continue with the purchase.

Musk has in the past expressed disgust with Twitter ads, his main source of income. “I think advertising is very important to Twitter,” he said today.

“I’m not against advertising. “I’m probably talking to advertisers and saying things like, ‘Hey, let’s make sure the ads are as funny as possible,'” he told Reuters.

Shares of Twitter were the only winners of this morning’s market crash, ahead of Muskie Pouvau. After losing his seat, he changed hands and fell 2.5% to $ 37.04, much lower than the skin’s purchase price of $ 54.20.