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Elon Musk’s Twitter employees

by Andrew Jonathan

Elon Musk’s first meeting with Twitter employees During a virtually one hour Q&A session. That The Verge obtained a recording of you’ll scan a full transcript below. Musk was blunt concerning Twitter’s money state. His ambition to show Twitter into AN app for payments his love for gizmos. Which he currently expects workers to figure with a maniacal sense of urgency.

Elon Musk spoke about offering banking services via Twitter:

I think there’s this transformative chance in payments. And payments very square measure simply the exchange of data. From associate data posture, not an enormous distinction between, say, simply causation a right away message and causation a payment. They’re primarily an equivalent issue in essence. You’ll be able to use a right away electronic communication stack for payments. Then that’s undoubtedly a direction we’re about to get in. Facultative folks on Twitter to be able to send cash anyplace within. The world instantly and in real time. we have a tendency to simply need to form it as helpful as doable.

And later offered more detail:

If you’ll be able to merely have one balance on Twitter that may merely go positive or a negative. And once it goes positive, the rate of interest is healthier than what you’ll receive elsewhere. And once it goes negative, the rate of interest is below what you see elsewhere. Currently you’ve got a way easier system.

Then you attach a revolving credit to the Twitter account. So you’ve got backward compatibility into the payments. System as a result of not everybody can settle for Twitter. Thus if they need higher than an explicit balance, you mechanically send individuals a revolving credit. You wish backward compatibility to the present money infrastructure.

What circumstances could lead Twitter to declare bankruptcy:

We simply undoubtedly got to usher in extra cash than we tend to pay. If we tend to don’t do this and there’s a huge negative income. Then bankruptcy isn’t out of the question. that’s a priority. We tend to can’t scale to one billion users and take large losses on the approach. That’s not possible. I don’t suppose we’ll.

Twitter’s remote work policy:

Now, if thusmebody’s contribution is so vital. That they’ll overcome the communication difficulties of being remote. Then they must fully stay at Twitter however it’ll be a better bar. They need to be that far better to beat the communication problems with being remote. There ar lots of folks at Tesla and SpaceX that work remotely. However it’s on associate exception basis for exceptional folks. And that i all perceive if that doesn’t work for a few folks. That’s the new philosophy at Twitter.

And Twitter’s potential as a TikTok-like platform for shortform video:

But at once, content creators cannot post the length of video that they might prefer to post, and that they cannot legalise it, which implies they can not pay the bills. These don’t seem to be like super difficult things. They’re pretty basic. We’re not attempting to place YouTube out of business, however I’m simply speech, will we really want to provide YouTube an entire bunch of free traffic? perhaps not. thus a minimum of provide creators the choice if they might prefer to place their video on Twitter and earn an equivalent quantity as they might, or even slightly additional, on YouTube or TikTok or regardless of the case is also.

Inaudible question about reviving Vine.

I told a full bunch of individuals this morning that i used to be on that for like perhaps quarter-hour, and that i may have simply been on that for [*fr1] associate hour. The videos that it showed American state were attention-grabbing. it had been some smart videos. And after I told a containerful of individuals that this morning, they didn’t comprehend it existed. thus i believe if we have a tendency to attempt to surface it and build it additional obvious that it exists, that might be a decent move.

Inaudible exchange with an employee.

Just strive weird stuff. It’s nothing ventured, nothing gained. If we’re too cautious, then however can we create revolutionary improvements? Revolutions aren’t through with caution. therefore we would like to do things, ideally things that don’t break the complete system, however i feel as long as we’re agile and that we react quickly to enhance things and proper mistakes, i feel it’ll be fine. Elon Musk’s first meeting with Twitter employees

We are going to be paranoid, and we’re going to survive.

We need some video ads is what you’re expression. It’s arduous to register video ads if we tend to don’t have video ads. It’s an excellent question. however {do we tend to|can we|will we} begin the creator regulator if we don’t have video ads to start with? this is often wherever subscriptions are available in as a result of YouTube additionally has subscriptions, and that they don’t show ads in subscriptions. thus i feel this is often a case wherever it will be to start out disbursement some cash and a minimum of matching to slightly higher than matching creators on YouTube and expression, for now, we’ll simply pay them cash that’s moderately competitive, perhaps slightly higher than YouTube for his or her content on Twitter likewise. and that i assume as we tend to build our subscriber base, as a result of YouTube is doing the precise same issue, they’re building a subscriber base. Elon Musk’s first meeting with Twitter employees

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