Internal documents reveal the dangers facing the company formerly known as Twitter — Elon Musk included.
Yesterday, employees at X received a crash course in private equity from the folks at Morgan Stanley, whose Shareworks platform is being used to manage the restricted stock units that Elon Musk has finally begun doling out. The issuance of new equity, complete with an official stockholder agreement and disclosure statement, marks the beginning of a new chapter in the saga of Twitter’s haywire transformation into X.
Additionally, there may be a perception that X is only useful to users who have political and social ideologies consistent with those of Mr. Musk.” * “We risk losing users on our platform who migrate to Truth Social, particularly as we move closer to the 2024 election cycle.” * “A large portion of the content on our platform comes from a small number of users and accordingly we are highly dependent on those content creators to provide quality content.
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