Musk said he expects employees to listen to his feature suggestions during a video conference with Twitter employees on Thursday. While the conversation was intended for staff only, Twitter employees shared information from it so freely that several major US media outlets were able to liveblog it.
Musk prepared the Twitter workforce for possible job cuts. Twitter needs to be financially sound – and right now the costs are outweighing the revenues, he stressed. However, those who make a significant contribution have nothing to fear. According to Musk, valuable employees are also more likely to be allowed to continue working from home. The online service had previously promised employees that they would not be forced back into the office even after the pandemic had ended. But Musk has only just made his other companies – the electric car manufacturer Tesla and the aerospace company SpaceX – mandatory.
It is also unclear whether Musk will eventually become the owner of Twitter. Although he agreed to a takeover with the Twitter board of directors, he is dependent on the approval of the majority of shareholders. At the same time, he declared the deal suspended because he had doubts about the number of fake accounts. Twitter countered that Musk could not unilaterally put the agreement on hold and was determined to enforce it.
While Musk is offering shareholders $54.20 per share, the price is currently around $38. So Musk has an incentive to renegotiate the price, while many previous shareholders have an interest in selling on his current offer. The appearance in front of the employees was taken as a sign that Musk is still fundamentally interested in buying Twitter.
On the NASDAQ, Twitter shares temporarily lost 1.58 percent to $37.39.
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