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WIBC 9AM-Noon Podcast

Elon says 'difficult times ahead' for Twitter

WIBC 9AM-Noon Podcast

WIBC

News

4.61.2K Ratings

🗓️ 11 November 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

So it was in a company wide email sent out this week that Elon Musk warned Twitter employees

0:11.8

that there would be difficult times ahead.

0:15.6

The announcement came as Musk is continuing his quest to transform Twitter in what he referred

0:20.8

to as an everything app.

0:24.2

According to Bloomberg, Musk said in the email that there was no way to sugarcoat it.

0:29.9

The fact that the road ahead is arduous and will require intense work to succeed.

0:35.1

Isn't it interesting that Elon Musk has really pulled the veil back on from a financial

0:42.4

standpoint, what a flawed company Twitter was?

0:46.7

And what I mean by that is when you are a publicly traded company, people, especially

0:54.8

in the tech field, people do not always buy results.

0:58.0

They buy potential for long term results.

1:02.4

And in the case of a Twitter, you are seeing how much of it was smoking mirrors and ideas.

1:10.4

And now that you actually have to make money off of Twitter as an Elon Musk has creditors,

1:15.8

he obviously has mass leveraged his own personal fortune, a little bit of this too, is that

1:22.2

he overpaid for Twitter, obviously.

1:25.6

But you are seeing what kind of a poorly run company Twitter was from a standpoint of

1:32.6

a business need to make money perspective because clearly he is coming in here as a business

1:38.3

man saying, wow, there are major problems with this organization.

1:42.3

He said that effective immediately remote work would be banned, meaning that the staff

1:47.9

is required to be present at the office.

1:50.3

He also told him, if you don't show up to the office, we're going to take that as

1:55.3

your resignation.

...

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