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What Elon Musk told twitter staff in private video call

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Billionaire Elon musk has addressed the employees of Twitter for the first time, using a video call to answer questions about his planned $44 billion takeover bid

Musk conceded the social media company will need to cut its headcount, but revealed little more in the Q&A session he was 10 minutes late to.

The Tesla CEO says he wants to see the platform’s subscriber base grow to at least 1 billion, and went back on previous comments he made on the importance of advertising.

Musk believes advertisements will remain an important stream of revenue for the company despite previously saying Twitter should not ‘serve ads’.

He also used the chat to speak about the existence of aliens and other life forms… with a view Twitter should be used to help both help “civilisation and consciousness.”

Failing to offer an update on the deal closing, he continues to speak about Twitter’s bot and spam accounts and the need to learn more about this grey area before closing the deal.

When it comes to the number of staff working for Twitter, Musk warned “right now, the costs exceed revenue” and there needs to be some “rationalisation of headcount and expenses”.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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China has pledged to “significantly increase” debt to jumpstart its economy

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Finance Minister Lan Foan announced plans to help local governments tackle debt, support low-income households, and boost the property market.

Investors have been urging such steps as China faces deflationary pressures and a sharp property market downturn.

However, no figure was provided for the stimulus package, leaving markets anxious about the strength and duration of the recovery effort.

Economists warn that this lack of clarity may prolong uncertainty until China’s legislature approves extra debt measures.

Concerns are rising that China may fall short of its 5% growth target, signalling deeper structural challenges ahead.

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Niche accountants proving essential to e-commerce success

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

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Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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