Twitter Changes Week 1 – Elon Musk Explains

If you buy a company to make changes to the things you don’t like it makes sense, once you are in the company, to start firing the people that were making those decisions. So, what is all the fuss about the firings?

Let’s see what the new Chief Twit made in the first few days of his leadership.

  1. Fires all board members. Expected! as explained in the introduction, you do not leave in power positions people that you don’t like their decision process. Lets also be reminded that those are the same people that were dragging Twitter to its ruins.
  2. Adding a high fee to verified accounts. That at first looked a bit random. But as he explained later with his tweets, It is just a way to avoid fraudulent accounts. Seeing people react on that decision, he looks willing to discuss a different price model. Nothing has been decided yet and he tweeted that he will explain more later.
  3. Unblocks previously blocked accounts. Not yet though. He just unblocked his friends for now. But he promised to look into it by forming a moderation council in which the members will have “widely diverse viewpoints” to decide who will be unblocked and what content should be released. Until then, no reinstating blocked accounts or content reversals.

He is moving super quick and adding Tesla engineers to work into the algorithms of Twitter to remove bots and create a better UX.

In the mean time, the Twitter stock has been delisted from the New York Stock Exchange and its shares will no longer trade on public markets as of Nov. 8