'If Twitter Acquisition Completes, It Will Be Super Focused On...': Elon Musk Reveals Agenda
Elon Musk has signed a deal to buy Twitter for $44 billion.
New Delhi: Sharing the future agenda of Twitter, billionaire Elon Musk on Friday revealed that following completion of the acquisition of the company, it would be "super focused" on hardcore software engineering, design, infosec and server hardware. Musk has signed a deal to buy Twitter for $44 billion.
With the tweet, Musk tagged a report by Fortune that said job interest in Twitter skyrocketed more than 250 per cent since the Tesla CEO moved to take over the firm. A CNBC report has said Musk would take over as temporary CEO once the deal was complete.
According to the report, while several fans of Musk and 59% of Americans support the takeover, some current staffers are worried that the takeover would change the work culture and the overall direction of the company.
Daniel Zhao, a senior economist and data scientist at the job insights platform Glassdoor, said that that interest in job openings at the social media giant has risen by 263% between April 24 and April 30. By interest, it means the average daily clicks on Twitter job postings on the platform as compared to the average daily job clicks in a March 2022 baseline prior to the news of Elon Musk’s plans for the company, Zhao told Fortune.
As per its SEC report this week, Twitter said that the takeover would affect the advertisers, employees and the users, irrespective of the outcome of the takeover.
"The announcement and pendency of our agreement to be acquired by affiliates of Elon Musk may have an adverse effect on our business results, and a failure to complete the merger could have a material and adverse effect on our business, results of operation, financial condition, cash flows, and stock price," Twitter wrote.
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