Elon Musk's First Days as Twitter Owner: Conspiracies, Chaos, and Desperation

Elon Musk's First Days as Twitter Owner: Conspiracies, Chaos, and Desperation

2 years ago
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https://www.vice.com/en_us/article/y3pewx/elon-musks-first-days-as-twitter-owner-conspiracies-chaos-and-desperation

After acquiring Twitter last week, Elon Musk has moved fast and made a mess of things already. His chaotic first few days on the job may smack of desperation for a reason: He's now stuck with a $44 billion acquisition that he clearly did not want, and it's got to make money. At the same time, there's every indication that he has no idea what he's doing.

Numerous reports have suggested that massive staffing changes are or will soon be underway to cut costs, which may have unpredictable effects on the service. Musk immediately fired four top executives: chief executive Parag Agrawal, chief financial officer Ned Segal, chief legal officer Vijaya Gadde, and general counsel Sean Edgett. The Information reported that sources said Musk was making the firings "for cause," which would allow him to avoid paying over $100 million in severage packages.  He has denied multiple reports asserting he planned to lay off the vast majority of the workforce ahead of a November 1 stock grant, but tweeted "There seem to be 10 people 'managing' for every one person coding," at one point over the weekend.