Elon Musk’s $44 billion takeover of Twitter is complete, and he has already begun implementing his platform plans. As one of his first steps as the new owner, Musk reportedly wants to remove all lifetime bans.
Musk intends to remove lifetime bans from several users, including former U.S. President Donald Trump. He has already talked about his plans to turn Twitter into a platform that encourages freedom of speech, which is one way he plans to achieve it.
He also published a brief explanation in which he stated that this acquisition was necessary for the future of civilization and that he did it to help humanity.
Although it was already known that Musk would do this as soon as he took over the company, he had other plans. For example, Musk has expressed a desire to make Twitter’s algorithm open source and has openly declared war on bots. Earlier, he had even put the deal on hold because he believed that Twitter was misrepresenting the number of fake accounts on the platform and withholding some critical information. Now that the deal is complete, he intends to purge the platform of bots.
Musk also reportedly plans to cut the platform’s staff by 75%, which means that the number of employees will be reduced from 7,500 to 2,000. He has already begun implementing this plan, firing CEO Parag Agrawal, CFO Ned Segal, head of the legal department Vijaya Gadde, and general counsel Sean Edgett.
Musk reportedly told investors that he would double revenue in just three years and increase the number of daily users while laying off most of his staff.