Image Source: BGR
In a meeting with Twitter employees, multibillionaire Elon Musk hinted at possible job losses if his $44 billion (£35.8 billion) acquisition bid for the social media business is successful.
He also talked about remote working, freedom of speech, and the possibility of extraterrestrial life. Mr. Musk spoke with employees for the first time since announcing his takeover offer in April.
He has stated that he will terminate the agreement if he is not given information regarding bogus accounts.
Mr. Musk suggested that layoffs at Twitter would be dependent on the company’s financial status during a wide-ranging video conference with Twitter staff on Thursday.
“The corporation must improve its health. Currently, costs outweigh revenue, “he stated.
“Anyone who… is a substantial donor should have nothing to worry about,” he added.
He also claimed that unless “someone is special,” he prefers to work from the office.
He did not, however, provide an update on the takeover talks, and Twitter employees expressed their dissatisfaction with his views on the company and employee compensation on an internal communication channel.
Mr. Musk, the CEO of Tesla and SpaceX, also talked about the prospect of life beyond Earth, though he said he hasn’t seen “real evidence for aliens.”
Separately, in an internal letter to SpaceX’s executives on Thursday, a group of staffers referred to Mr. Musk as a “constant source of distraction and shame.”
Meanwhile later that day, he was sued for $258 billion (£209 billion) by a Dogecoin cryptocurrency investor, who accused him of running a pyramid scheme to pump up the price of the cryptocurrency.
Mr. Musk “used his eminence as the world’s richest man to operate and orchestrate the Dogecoin Pyramid Scheme for profit, exposure, and pleasure,” according to a complaint filed in New York.
Mr. Musk threatened to pull out of the takeover attempt earlier this month, accusing Twitter of “thwarting” his requests to learn more about its user base.
In a letter to regulators, he claimed he had the right to measure spam accounts on his own.
The letter formalized a feud that had been simmering for weeks when he put the sale “on hold,” pending more information.
At the end of New York trading on Thursday, the company’s shares were trading at $37.36, significantly below Mr. Musk’s offer price of $54.20.