What have been Musk’s first steps at Twitter?
Musk fired 4 prime executives from the corporate, together with CEO Parag Agrawal, CFO Ned Segal, normal counsel Sean Edgett and coverage chief Vijaya Gadde. In keeping with numerous reviews by American media, Musk can also be set to put off a large a part of Twitter’s workers, though the dimensions of those layoffs haven’t been confirmed but. The New York Instances reported that managers have already been requested to work up lists of workers who can be let go. He additionally introduced {that a} “content material moderation council” can be shaped. “No main content material selections or account reinstatements will occur earlier than the council convenes,” he tweeted.
What key guarantees did he make?
On the eve of his Twitter takeover, billionaire Elon Musk wrote a message to advertisers promising them that the social media platform gained’t turn into a “free-for-all hellscape”. The message from the Tesla CEO additional added: “Along with adhering to the legal guidelines of the land, our platform ought to be heat and welcoming to all, the place you may select your required expertise in line with your preferences, simply as you may select, for instance, to see motion pictures or play video video games starting from all ages to mature.” One of many key parts of Musk’s takeover has been to make Twitter a “frequent digital city sq.”.
What are the important thing challenges?
Monetization has at all times been a problem for Twitter, and consultants famous that Musk’s ‘free speech promise’ may very well make it much more tough to make the social media platform as profitable as, for instance, Meta Platforms-owned Fb. Musk, nevertheless, downplayed financial issues in his message to advertisers on 27 October.
Will there be layoffs in India?
Specialists say India is a low-cost labour power nation for Twitter, and is probably not as vulnerable to downsizing. They mentioned that India’s massive web user-base may be essential if Musk plans to proceed Twitter’s effort to construct a subscription-based enterprise mannequin in future. Within the authorized battle over Twitter, Musk famous in a counterclaim that India is Twitter’s third-largest market. The corporate had additionally introduced plans to develop its engineering workforce in India in April 2021, however workers are not sure of their future now.
Will it affect Twitter’s relations with India?
With Musk saying he desires to make Twitter a haven at no cost speech whereas respecting legal guidelines, many really feel that India’s altering rules could stay a degree of friction for the agency. As an illustration, many consultants have mentioned that the amended IT Guidelines could result in over-censorship and will have an effect on free speech on social media, together with Twitter. Specialists have additionally warned that selections Musk makes with Twitter could have an effect on the fortunes of SpaceX and Tesla in India, that are extra useful than the social media agency.
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Supply: Live Mint