Elon Musk takes control of Twitter, fires CEO and CFO
29 October 2022
After much back and forth, Elon Musk has completed his takeover of social media service Twitter. CEO Parag Agrawal and CFO Ned Segal have already left the company, and I imagine they’ll be followed by more senior managers.
Tesla CEO Elon Musk is now in charge of Twitter, CNBC has learned. Twitter CEO Parag Agrawal and finance chief Ned Segal have left the company’s San Francisco headquarters and will not be returning, sources said. Vijaya Gadde, the head of legal policy, trust, and safety was also fired, the Washington Post reported.
Doubtless more changes are on the way, though Musk is trying to assuage the concerns of all, especially advertisers, regarding their extent, in a recent tweet:
That said, Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences! In addition to adhering to the laws of the land, our platform must be warm and welcoming to all, where you can choose your desired experience according to your preferences, just as you can choose, for example, to see movies or play video games ranging from all ages to mature.
It seems to me a lot comes down to the definition of “desired experience”. If hate speech and misinformation did return to the platform, does “desired experience” mean users will be able to block out such content? Is that the answer then? Content producers meantime will delight in Musk’s perspective on advertising: “highly relevant ads are actually content!”
I also very much believe that advertising, when done right, can delight, entertain and inform you; it can show you a service or product or medical treatment that you never knew existed, but is right for you. For this to be true, it is essential to show Twitter users advertising that is as relevant as possible to their needs. Low relevancy ads are spam, but highly relevant ads are actually content!
Revenue from adverts puts a roof over many a head, but an advertising experience that will delight, entertain, and inform? That I look forward to seeing.