Elon Musk Becomes Owner Of Twitter, Immediately Fires CEO And CFO

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Quote from: Mahanton on November 04, 2022, 07:52:06 PM

Quote from: ingiltere on November 04, 2022, 05:49:35 PM

I don't understand why would people think they can dictate Elon what he should do or don't. He bought the company, he has power to pick who will work under him. Did he pay their compensation when he fired them? Yes, so what's the problem here?
Personally I think Twitter was a dying place, but now there is fresh air. Maybe new management can save the app and bring back its old users.

You would really always be presuming that people would be always have something to say on whatever decisions he would be take whether he would retain those board or would really be totally dissolving.
Come to mind that we arent really that having the rights on what he should gonna do with his company whether he would be the sole director or not.Its his money that had been spent on owning
the company and its none of our god damn business on what he should gonna do.People had been pin pointing on what are the plans that he do have nor the words had been spoken out
but in the end of the day he would be the one on making the final decision.

Now there are news of more layoff from twitter - along side Amber Heard account has also been removed from the twitter .
Musk took a great revenge.

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Quote from: Sithara007 on November 02, 2022, 11:03:24 PM

Quote from: ?? on ??

Quote from: Sithara007 on November 01, 2022, 12:10:18 AM

From what I read from mainstream media, these guys (Parag, Vijaya.etc) left with a fat paycheck. But nonetheless, their firings will be beneficial to Twitter in the long term. The first tweet that Elon put up after taking over Twitter was that "the bird has been set free". And this is exactly what happened. People like Parag and Vijaya were censoring anything that even remotely resembled right-wing viewpoint in Twitter, while protecting all the hate-speech (including calls for genocide) that was coming from the rabid left.

can you please shed light on this? I am interested in knowing more about how this firing will be affecting the company?

Elon's concern was that rather than doing any real work, most of the employees were trying to manipulate public opinion by selectively censor free speech (especially from the right). And this was very clear during the 2020 POTUS elections, when they suppressed any information on the Hunter Biden scandal, and flagged a number of Tweets from Donald Trump. The left had a free run all the time. People like Mahathir Mohamad (former PM of Malaysia) put up death threats in Twitter and was allowed to keep them.

i personally don't like Biden - in fact I think Trump's America was a better one.
however be it Trump or Biden America - the policies are the same. And nothing changes!

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Quote from: ingiltere on November 04, 2022, 05:49:35 PM

I don't understand why would people think they can dictate Elon what he should do or don't. He bought the company, he has power to pick who will work under him. Did he pay their compensation when he fired them? Yes, so what's the problem here?
Personally I think Twitter was a dying place, but now there is fresh air. Maybe new management can save the app and bring back its old users.

You would really always be presuming that people would be always have something to say on whatever decisions he would be take whether he would retain those board or would really be totally dissolving.
Come to mind that we arent really that having the rights on what he should gonna do with his company whether he would be the sole director or not.Its his money that had been spent on owning
the company and its none of our god damn business on what he should gonna do.People had been pin pointing on what are the plans that he do have nor the words had been spoken out
but in the end of the day he would be the one on making the final decision.

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Quote from: el kaka22 on October 31, 2022, 02:49:09 PM

It is so sad that people started to use "freedom of speech" as a way of saying things that would be hurtful to others and consider it a freedom of speech. Just because you are free to say it, doesn't mean you should, there are nasty things that you could say to people that would not be acceptable in society, but allowed on twitter which is a weird dilemma.

If a famous celebrity came out and said "women are only good in kitchen, they shouldn't be acting, cook food and have sex with, that's all women are good for" then all of Hollywood would banish that actor and nobody would hire them ever again right? That's a wrong sentence that shouldn't be said right? Well on twitter you are "free" to say it, that's the problem, just because you are free to say it, doesn't mean it's an okay sentence to be tweeted.

Free speech was never meant to protect speech that people already agreed with. Free speech is intended to protect speech that is unpopular. There wouldn't be any need of free speech if you said things that were universally accepted as being true or popular. Protecting speech is really something the government should be doing anyways, not a private platform like twitter. Elon made the argument, which I agree with, that Twitter acts as the public town square where ideas and conversations occur in a digital world -- restriction from these conversations is akin to being denied the entitlement to free speech. You're more than welcome to say things that are hurtful or unpopular, you nor anyone else is required to listen.

And by the way, you're able to maintain decorum my just muting or blocking any account you're not inclined to listen to.

10 years ago I'd agree that hate speech shouldn't be included in free speech on private platforms. The idea of hate speech has transformed into "speech I disagree with" unfortunately.

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Quote from: ingiltere on November 04, 2022, 05:49:35 PM

I don't understand why would people think they can dictate Elon what he should do or don't. He bought the company, he has power to pick who will work under him. Did he pay their compensation when he fired them? Yes, so what's the problem here?
Personally I think Twitter was a dying place, but now there is fresh air. Maybe new management can save the app and bring back its old users.

Exactly. He can fire whoever he wants as he owns the company now. I'm sure that he won't just fire someone without doing a quick background check and there's a reason for him to do that. New management is always good to see how it will progress and the changes might be painful as of now.
But we'll see how he's going to make it lively again, he owns a lot of companies and he knows what he's doing, this type of thing is an easy thing for him to at least bump the company. Well, it's actually effective as he easily took the media attention.

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I don't understand why would people think they can dictate Elon what he should do or don't. He bought the company, he has power to pick who will work under him. Did he pay their compensation when he fired them? Yes, so what's the problem here?
Personally I think Twitter was a dying place, but now there is fresh air. Maybe new management can save the app and bring back its old users.

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Quote from: Marvell1 on November 04, 2022, 08:57:40 AM

Quote from: kotajikikox on November 03, 2022, 12:32:21 AM

Quote from: Bitstar_coin on October 29, 2022, 11:29:12 AM

Do you think the Tesla CEO made the right move by firing these top people in the company?

What are your thoughts?

He is the Owner and he knows what is good for His company , Elon had been in the same business for how many years now, he will never become Multi Billionaire for nothing.

What he decides is whats best for twitter , so Sorry for the kicked Bosses meaning they don't get what the Owners wanted for his company.

Congrats to Elon Musk for Having twitter now.

Although I don't like how he manipulates the doge for his own gain but it is undeniable that he is a very talented person and holds the position of the richest person in the world at a relatively young age compared to other billionaires. I don't know if those who are criticizing or disparaging him, have done anything as he did. If can't be better than him, don't criticize him, it's a sign of envy. I also believe he will do better than previous owners did, Twitter will be like Tesla or Spacex will grow bigger.

He may use Twitter for any purpose. We all know that he wrote everything he wrote about the crypto market on Twitter. Now it will move even easier. I agree with what Elon said about bots. They made Twitter unusable now. In my opinion, it will now be able to influence the crypto market even more comfortably. He will be able to make all kinds of speculations easily. Maybe that was its purpose. We have to accept this. This man is very smart. Although he has different movements, this does not change the fact that he is intelligent. I agree with what you said about jealousy.

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Twitter is a popular social media site used all over the world to set the agenda. That's why even all heads of state make official statements on this site. It serves almost like an official broadcaster for state bodies. Elon Musk did a very wise job by purchasing this site, but it would not be right to expect a centralized structure to provide impartial service and Elon Musk had previously explained his political thinking. I think he made layoffs for political reasons and we can't blame him for that because it was the other way around before.

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Quote from: kotajikikox on November 03, 2022, 12:32:21 AM

Quote from: Bitstar_coin on October 29, 2022, 11:29:12 AM

Do you think the Tesla CEO made the right move by firing these top people in the company?

What are your thoughts?

He is the Owner and he knows what is good for His company , Elon had been in the same business for how many years now, he will never become Multi Billionaire for nothing.

What he decides is whats best for twitter , so Sorry for the kicked Bosses meaning they don't get what the Owners wanted for his company.

Congrats to Elon Musk for Having twitter now.

Although I don't like how he manipulates the doge for his own gain but it is undeniable that he is a very talented person and holds the position of the richest person in the world at a relatively young age compared to other billionaires. I don't know if those who are criticizing or disparaging him, have done anything as he did. If can't be better than him, don't criticize him, it's a sign of envy. I also believe he will do better than previous owners did, Twitter will be like Tesla or Spacex will grow bigger.

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Quote from: Majestic-milf on November 04, 2022, 06:36:39 AM

As regards the Twitter takeover by Elon, I doubt we'd be seeing the end to the ' renovations' to be done on the platform. As he took over, he fired Parag Agwaral and his cohorts and he's still looking to lay off over 3000.

Recent news has it that he intends on cutting off "days of rest" from Twitter staff calendar. This company wide day off was introduced during the pandemic. His actions further explains his impatience with Twitter's existing work culture and his need to get it running according to his taste.
https://www.google.com/url?q=https://www.bloomberg.com/news/articles/2022-11-03/musk-eliminates-days-of-rest-from-twitter-employee-calendars&sa=U&ved=2ahUKEwiO1bPxqZT7AhW8RvEDHYkPCx8QFnoECAQQAg&usg=AOvVaw3eWZnXssPTLTWppsGOa9WE

You can call him unfeeling and a cold hearted bastard, but that's just the way he is and he doesn't give two cents about critics.

They sue him just to make the deal to so what you can expect him to do? its part of revenge so I guess Musk is just doing some cleaning so that he can make sure that the people who works with him always obey his command. Although its really harsh to fire that number of employee but they cannot do anything with the decision of Elon since in the first place he's the new owner of the platform.

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As regards the Twitter takeover by Elon, I doubt we'd be seeing the end to the ' renovations' to be done on the platform. As he took over, he fired Parag Agwaral and his cohorts and he's still looking to lay off over 3000.

Recent news has it that he intends on cutting off "days of rest" from Twitter staff calendar. This company wide day off was introduced during the pandemic. His actions further explains his impatience with Twitter's existing work culture and his need to get it running according to his taste.
https://www.google.com/url?q=https://www.bloomberg.com/news/articles/2022-11-03/musk-eliminates-days-of-rest-from-twitter-employee-calendars&sa=U&ved=2ahUKEwiO1bPxqZT7AhW8RvEDHYkPCx8QFnoECAQQAg&usg=AOvVaw3eWZnXssPTLTWppsGOa9WE

You can call him unfeeling and a cold hearted bastard, but that's just the way he is and he doesn't give two cents about critics.

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After passing through a long process and a lot of controversy, now Elon Musk officially becomes the owner, and must pay up to $ 44 billion, I'm sure there is a business calculation when Elon Musk bought Twitter, even many experts believe that the current trend of doge increases because the Twitter plan receives Doge for ads transactions.

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Quote from: ?? on ??

Firing the two Top empolyee is one of the best things Musk can do - many people are very happy with his decision

People are happy because the sack was politically motivated, however, I think Musk sack them because he felt they were playing insider politics, he thinks they should have given freedom to the people and allowed them to have free speech but they were sanctioning and blocking accounts which is wrong in his opinion.

Elon has managed different businesses that came out excellently with massive revenues, who will query his decisions on Twitter when they know that his actions will bring in profits, just look at how they planned to implement $8 for a blue tick for every user, if that becomes active in the first quarter of 2023, I imagine billions they will generate in every quarter because most of the users want that feature badly.

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Quote from: tvplus006 on November 03, 2022, 06:11:51 PM

It would be wrong to assume that Elon Musk decision is wrong. It is obvious that Elon Musk has his own plans for the further development of Twitter and, accordingly, knows what qualities senior employees should have. If this were not the case, then Elon Musk would not have become the richest man in the world.

He is undertaking some very risky moves. The most important one is the fee of $96 per year for having the blue tick. Previously this was free for well known personalities with large number of followers. Twitter back then justified it, claiming that these people increase the popularity of the platform and bring advertisement revenue. But then, there were allegations of bias as well, due to the openly left-wing political ideology of some of its high ranking employees. The paid subscription method will bring in revenue for Twitter, and it will make the entire process more unbiased and neutral.

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Quote from: Bitstar_coin on October 29, 2022, 11:29:12 AM

Do you think the Tesla CEO made the right move by firing these top people in the company?

It would be wrong to assume that Elon Musk decision is wrong. It is obvious that Elon Musk has his own plans for the further development of Twitter and, accordingly, knows what qualities senior employees should have. If this were not the case, then Elon Musk would not have become the richest man in the world.

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I read somewhere that a team of consultants at Tesla, SpaceX and other companies will run Twitter in the future, but will they succeed in the task as they succeeded in the previous companies?
The current CEO was appointed several months ago to succeed Jack, so he doesn't have much of a footprint.
Let's see how Twitter transforms after it became a private company.

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In other news, Elon Musk had to sacrifice $122 million in severance pay to the fired Twitter executives.

Quote from: https://news.sky.com/story/elon-musk-denies-report-he-is-laying-off-twitter-workers-early-to-avoid-severance-payouts-12734770

-snip-
According to firm Equilar, the executives stood to receive separation payouts totalling around $122m (£105m)

That's probably a fair amount to free D. Trump's account from suspension, lol. Well, the overall cost of bringing back the vision of twitter as a free speech space was like the dream of the first CEO.

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Quote from: Bitstar_coin on October 29, 2022, 11:29:12 AM

Do you think the Tesla CEO made the right move by firing these top people in the company?

What are your thoughts?

He is the Owner and he knows what is good for His company , Elon had been in the same business for how many years now, he will never become Multi Billionaire for nothing.

What he decides is whats best for twitter , so Sorry for the kicked Bosses meaning they don't get what the Owners wanted for his company.

Congrats to Elon Musk for Having twitter now.

Sithara007

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Quote from: ?? on ??

Quote from: Sithara007 on November 01, 2022, 12:10:18 AM

From what I read from mainstream media, these guys (Parag, Vijaya.etc) left with a fat paycheck. But nonetheless, their firings will be beneficial to Twitter in the long term. The first tweet that Elon put up after taking over Twitter was that "the bird has been set free". And this is exactly what happened. People like Parag and Vijaya were censoring anything that even remotely resembled right-wing viewpoint in Twitter, while protecting all the hate-speech (including calls for genocide) that was coming from the rabid left.

can you please shed light on this? I am interested in knowing more about how this firing will be affecting the company?

Elon's concern was that rather than doing any real work, most of the employees were trying to manipulate public opinion by selectively censor free speech (especially from the right). And this was very clear during the 2020 POTUS elections, when they suppressed any information on the Hunter Biden scandal, and flagged a number of Tweets from Donald Trump. The left had a free run all the time. People like Mahathir Mohamad (former PM of Malaysia) put up death threats in Twitter and was allowed to keep them.

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Quote from: Joshapat on November 01, 2022, 02:04:14 AM

Now Elon Musk officially bought Twitter and the initial impact is that Doge prices have gone up more than 140% in a week, this is because the Twitter plan that will receive doge for transactions and I'm sure will have a positive impact on the market.

Don't be too optimistic because this is not likely to happen for technical reasons related to the Dodge coin itself. Elon Musk is not that naive to make Dodge the official currency of the platform, but he may take this step to reap profits from the high price, especially since he needs money, since all estimates indicate that the Twitter platform will not bring him profits at the near and medium levels compared to the price at which he bought it.

Topic: Elon Musk Becomes Owner Of Twitter, Immediately Fires CEO And CFO (Read 614 times)