Money

What Elon Musk told twitter staff in private video call

Published

2 years ago

June 17, 2022

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”.

Up Next

Elon Musk sued $258 billion for Dogecoin pyramid scheme

Don't Miss

Biden says recession ‘not inevitable’ in rare public interview

William Howard

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.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending