Elon Musk reportedly suggested monetising tweets, firing workers to boost Twitter profits | Businessinsider

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Even though Musk floated these ideas to bankers to improve Twitter's bottom line, he reportedly did not include them in the formal plans that were presented to Twitter's board.

Even though Musk floated these ideas to bankers to improve Twitter's bottom line, he did not include them in the formal plans that were presented to Twitter's board, Bloomberg and the Post reported. Instead, he said he would make sure the deal is profitable, sources told Bloomberg.

Despite the lack of details, lenders still bought into Musk's vision because the billionaire already owns several valuable assets that could be useful when he takes up loans for the deal, the Post reported. Musk's behind-the-scenes conversations about the bottom line contradict his public statements about the Twitter purchase. Twitter is"not a way to make money," MuskMusk has avoided sharing concrete plans for the social-media platform. All he'sis that he plans to add an"edit" function, remove spam bots, open Twitter's algorithm up to changes, and loosen content moderation on the site.

Musk's suggestion to lay off employees is likely to add to the disquiet that Twitter employees have been feeling since news of Musk's offer became public. Twitter CEO Parag Agrawal

 

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