“I expect to reduce my time at Twitter and find somebody else to run Twitter over time,' the social media platform's billionaire owner told a Delaware court.
“I expect to reduce my time at Twitter and find somebody else to run Twitter over time," the social media platform's billionaire owner told a Delaware court.NEW YORK — Billionaire Elon Musk, who just took over as the chief executive at Twitter after buying the company, said he does not want to be the CEO of any company.
Musk took the witness stand Wednesday in a Delaware court to defend himself in a shareholder lawsuit challenging a compensation package he was awarded by Tesla’s board of directors that is potentially worth more than $55 billion.While testifying, Musk said “I expect to reduce my time at Twitter and find somebody else to run Twitter over time,” according to multiple media reports.
Overnight, Musk sent an email to the remaining staff at Twitter, saying that it is a software and servers company at its heart and he asked employees to decide by Thursday evening if they want to remain a part of the business. Musk wrote that employees “will need to be extremely hardcore” to build “a breakthrough Twitter 2.0″ and that long hours at high intensity will be needed forMusk, who also heads Tesla and SpaceX, said Twitter will be much more engineering-driven, with employees who write “great code” comprising the majority of the team.by email early this month and is expected to eliminate an untold number of contract jobs for those responsible for fighting misinformation and other harmful content.
A number of engineers also said on Twitter they were fired this week after saying something critical of Musk, either publicly on Twitter or on an internal messaging board for Twitter employees.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla board chair testifies in Elon Musk compensation lawsuit in DelawareThe head of Tesla's board of directors says her focus in helping develop a huge compensation package for CEO Elon Musk in 2018 was the results he could bring, not how many hours he devoted to the job.
Read more »
Tesla board chair testifies in Elon Musk compensation lawsuit in DelawareThe head of Tesla's board of directors says her focus in helping develop a huge compensation package for CEO Elon Musk in 2018 was the results he could bring, not how many hours he devoted to the job.
Read more »
Tesla board chair testifies in Elon Musk compensation lawsuit in DelawareThe head of Tesla's board of directors says her focus in helping develop a huge compensation package for CEO Elon Musk in 2018 was the results he could bring, not how many hours he devoted to the job.
Read more »
Fired Twitter engineer blasts Elon Musk, company as ‘bunch of cowards’Elon Musk abruptly fired the software engineer after the two had argued about Twitter’s app.
Read more »
Elon Musk will reportedly award Twitter employees stock and optionsElon Musk will reportedly keep awarding Twitter employees stock and options – even though the company is now private
Read more »
What Elon Musk Told Twitter Employees During His First Company MeetingHere are the most genius things that Elon Musk told his employees during his first official all-hands meeting as “chief twit.”
Read more »