Tesla CEO Elon Musk has recommended integrating crypto funds into Twitter. “My purpose could be to maximise the usefulness of the service,” he instructed Twitter’s staff in his first all-hands assembly with them.
Twitter’s First All-Palms Assembly With Elon Musk, Integrating Crypto Funds
Tesla and Spacex CEO Elon Musk, who could grow to be the brand new proprietor of Twitter Inc., had his first all-hands assembly with Twitter’s staff Thursday.
Musk answered many questions on how he plans to run the social media firm if his bid to purchase Twitter is profitable. Nonetheless, the $44 billion deal is at the moment on maintain, and Musk has accused Twitter of a cloth breach of the merger settlement.
Throughout the assembly, Musk talked about crypto a couple of occasions, in keeping with a leaked transcript of the assembly and a leaked video posted by Challenge Veritas.
Leslie Berland, Twitter’s chief advertising and marketing officer, requested Musk: “Are you able to speak a bit of bit about Twitter and funds?”
The Tesla boss started by stating that “cash is basically a type of data,” including that it’s “essentially digital.” He added:
I feel it might make sense to combine funds into Twitter in order that it’s simple to ship cash backwards and forwards, and fiat foreign money in addition to crypto — primarily, no matter any person would discover helpful.
“So my purpose could be to maximise the usefulness of the service — the extra helpful it’s, the higher. And if one can use it to make handy funds, that’s a rise in usefulness,” he clarified.
Crypto Scams and Spam Accounts
Berland additionally requested Musk about some issues he sees with Twitter. The Tesla CEO replied:
There’s positively an ongoing problem with Twitter with bot accounts and spam accounts. There’s numerous crypto scams on Twitter.
“It’s gotten higher, however there’s nonetheless a good bit of that,” he continued. “There are additionally folks the place they’re not essentially bots, however they could be working. You recognize, one individual’s working a whole lot of accounts and making an attempt to make them appear to be people, however they’re not.”
Musk beforehand mentioned that the spam bot is the only most annoying downside on Twitter and he vowed to defeat it “or die making an attempt,” if his bid to purchase the social media platform succeeds.
Transparency, Belief, and Free Speech
Musk additional defined to Twitter’s staff: “I feel it’s extraordinarily vital that there be transparency. In order that’s why I’m an advocate of getting the algorithm be open supply so that individuals can critique it, enhance it, establish bugs, doubtlessly, or bias.”
Noting that “transparency clearly will increase belief,” the Spacex boss emphasised:
I feel that belief is extraordinarily vital, after which simply the usefulness of the system — eliminating type of troll farms and bots and spam is extremely vital.
Concerning free speech, Musk mentioned: “I feel it’s important to have free speech and to have the ability to talk freely … It’s free speech throughout the context of the legislation. So I’m not speaking about suggesting that we simply flout the legislation, as a result of we’ll simply get shut down in that case.”
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