Elon Musk Outlines Wild Vision for Twitter in First Staff Meeting

Elon Musk tells Twitter employees he wants to reach a billion daily users and potentially charge for verified accounts. The meeting leaves the actual status of his $44 billion acquisition deal unclear.

16 Jun 2022 • 1 min read

Elon Musk addresses Twitter employees for the first time since agreeing to buy the social network for $44 billion. During the internal livestream, the billionaire expresses his desire to grow the platform to a billion daily users, a massive leap from its current 229 million. He deflected questions about taking on the CEO role, stating that he does not care about titles but plans to heavily influence the platform's direction.

To improve Twitter's financial situation, Musk suggests broadening the company's revenue streams beyond advertising. He floats the idea of charging users for verified blue check marks as a way to confirm identities and generate income. Staff also ask about his stance on free speech, remote work policies, and potential layoffs, though his answers provide little concrete detail about his exact plans.

Noticeably absent from the conversation is any clear confirmation that Musk still intends to complete the purchase. He recently casts doubt on the deal by claiming it is on hold while he investigates the number of fake accounts and bots on the platform. Furthermore, he hints at possibly lowering the agreed-upon price per share as global market conditions shift.

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