Elon Musk’s plans for Twitter include better work ethic standards and a safe space for free speech

Tesla CEO and SpaceX founder Elon Musk said he will significantly raise work ethic standards at Twitter once he officially acquires the social media platform.

Last week, Twitter announced it was preparing to acquire Musk in a $44 billion deal.

“Work ethic expectations would be extreme, but much lower than I ask of myself,” Musk said on Twitter on Friday.

The company will be “super focused on hardcore software engineering, design, information security and server hardware,” he added.

Musk previously said he wants to revolutionize Twitter’s role in public debate because “freedom of expression is the bedrock of a functioning democracy and Twitter is the digital marketplace where matters important to the future of mankind are debated.”

A previous report mentioned that Musk is expected to become interim CEO of Twitter after completing his $44 billion (around Rs.3,40,400) acquisition of the social media company, said one with the matter confidant on Thursday as the billionaire closes in to secure money for the deal.

Musk, the richest man in the world, is also the CEO of Tesla and runs two other companies, The Boring Company and SpaceX. Tesla shares fell over 8 percent on Thursday as investors worried Musk’s involvement in Twitter could distract him from running the world’s most valuable electric carmaker.

Twitter shares, on the other hand, extended gains, rising about 4 percent to $50.89 (about 3,900 rupees), closer to the deal price of $54.20 (about 4,200 rupees) as investors bet that the new Financing completed the deal was more likely. Parag Agrawal, who was named CEO of Twitter in November, is expected to remain in the role until the company’s sale to Musk is completed. CNBC first reported Thursday that Musk plans to become interim CEO of Twitter.

Earlier Thursday, Musk listed a group of high-profile investors willing to pledge $7.14 billion (around Rs. 54,485 billion) in funding for his Twitter offering, including Oracle co-founder Larry Ellison and Sequoia Capital. Musk increased funding commitments to US$27.25 billion (about Rs.2,08,981 crore) including commitments from 19 investors, while increasing a margin loan from Morgan Stanley to US$6.25 billion (about Rs.47,931 crore). . rupees) reduced. He has already received US$13 billion (around Rs.99,697 crore) in loan commitments. Elon Musk’s plans for Twitter include better work ethic standards and a safe space for free speech

Ryan Sederquist

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