Elon Musk jokes to billionaires about overpaying for Twitter as he conducts mass layoffs
Elon Musk made a surprise appearance at the Baron Investment Conference in Manhattan.Musk said the layoffs will save the company $400 million a year, and presented his turnaround plan. Elon Musk joked about overpaying for Twitter during a surprise appearance at a conference for wealthy people in New York City as his new social media company started mass layoffs.
"I tried to get out of the deal, it was like that scene from 'The Godfather,'" he said to laughter while making a strained expression."I mean I think most people would say, given how market has evolved this year, the price is on the high side," he said. He addressed the layoffs saying he expects them to save the company $400 a year. Musk also gave his pitch for turning the troubled social media company around, including plans to start charging verified user $8 a month.
Guests of the conference only found out Musk was speaking when they arrived at the Metropolitan Opera for the extravaganza and read their programs or saw the poster board with the day's agenda.
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