Musk said that Twitter Inc. (NYSE: TWTR) would need “some rationalization of headcount and expenses,” and mentioned a few other new details about his $44 billion takeover of the social media giant
• Tesla CEO said the company would need to cut its headcount
Elon Musk held a video conference with Twitter employees for the first time today, via his phone.
Musk said that Twitter Inc. (NYSE: TWTR) would need “some rationalization of headcount and expenses,” and mentioned a few other new details about his $44 billion takeover of the social media giant.
“Right now, the costs exceed the revenue,” he said, adding “anyone who's ... a significant contributor should have nothing to worry about.”
Musk said that he wished to raise the service's user numbers from 229 million to at least 1 billion people.
In the free-wheeling chat moderated by a Twitter executive, Musk also mused about the existence of aliens and other space civilizations and expressed his view that Twitter should help “civilization and consciousness.”