The new leadership team is asking questions about every aspect of the business, including details of content moderation, spam and the risks of upcoming elections, the people said. They also discussed identity verification on the platform, including verifying high profile users with blue check marks, according to a Musk tweet and the people.Another Musk associate who tweeted about his involvement, Sriram Krishnan, a partner focusing on cryptocurrency at the venture capital firm Andreessen Horowitz, also tweeted he was helping out with the deal. The firm invested $400 million. He describes himself as a former Twitter executive on his LinkedIn page.
On Monday, a financial filing revealed Twitter co-founder Jack Dorsey — the company’s former CEO — rolled over his Twitter shares into the new company, making him one of Musk’s investors.
Less than three days into Musk’s ownership, Twitter employees remained in the dark about any new plans for the company as of Sunday evening, according to numerous employees contacted by The Post, who spoke on the condition of anonymity to protect their jobs. The company has yet to release a formal announcement of the acquisition. The communications department has gone silent. Rumors have swirled about layoffs, with some notices going out quietly.Layoffs are expected to begin ahead of Nov. 1, when Twitter employees are slated to receive additional compensation related to stock grants. On Sunday, Musk tweeted that reporting about impending layoffs at Twitter next week was “false.”Earlier this year, Musk told prospective partners in the deal that he planned to cut nearly 75 percent of Twitter’s total workforce, which would leave the company with about 2,000 employees, according to interviews and documents obtained by The Post. Musk last week told employees when he visited Twitter’s headquarters that he didn’t plan to cut three-fourths of the workforce.
Another person familiar with the deal who spoke on the condition of anonymity to discuss sensitive matters last week said the total number of layoffs is likely to be closer to 50 percent.
Already, Musk has fired four senior executives, sent Tesla engineers to evaluate Twitter’s software code, and has tweeted that he plans to form a content moderation council of experts.
Meanwhile, illustrating the difficulties of his new task, MuskOn Saturday, Hillary Clinton, the former first lady and 2016 Democratic presidential nominee,riticizing the GOP for spreading “hate and deranged conspiracy theories” that she said had emboldened the man who attacked House Speaker Nancy Pelosi’s husband, Paul, inside the couple’s home in San Francisco early Friday.
Musk wrote, in a reply to the tweet, that “There is a tiny possibility there might be more to this story than meets the eye,” sharing a link to an article in the Santa Monica Observer, a site fact-checkers as a low-credibility source favoring the extreme right. The article alleges, without evidence, that Paul Pelosi was drunk and in a fight with a male prostitute, referencing a conspiracy theory that had previously been spread on the right. Other right-wing influencers who Musk has interacted with online also amplified the conspiratorial narrative.
The actions by Musk, who has since removed the tweet, show that Twitter has a complicated path ahead, particularly in navigating Musk’s public actions and squaring that with what he says privately. from a site that is known to publish misinformation this weekend.
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