> Elon: It is better, in my opinion, to take Twitter private, restructure and return to the public markets once that is done. That was also Jack's view when I talked to him.
https://danluu.com/elon-twitter-texts/#41
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It's also worth perusing this exchange with the delightful kitten know as Jason C.; So far things seem to be going "according to plan":
https://danluu.com/elon-twitter-texts/#47
> Jason: 5 Teams: 5 Northstar metrics 1. Legacy Opps: uptime, speed 2. Membership team: remove bots while getting users to pay far "Real Name Memberships" $5 a month $SO a year. Includes 24 hours response to customer service 3. Payments: % of users that have connected a bank account/made a deposit 4. Creator Team: get creators to publish to twitter first (musicians, You Tubers, tiktokers, etc) by giving them the best % split in the industry (and promotion) 5. Transparency Team: make the Algorithm & Moderation understandable and fair
> Jason: I think those are the 5 critical pieces ... everyone agrees to "year one" sprint, including coming back to offices within the first 60 days (unless given special dispensation for extraordinary contribution)
> Jason: Hard Reboot the organization
> Jason: Feels like no one is setting priorities ruthlessly .. 12,000 working on whatever they want?!? No projects being cancelled?!
> Jason: Move HQ to Austin, rent gigafactory excess space
> Elon: Want to be a strategic advisor if this works out?
> Jason: Board member, advisor, whatever ... you have my sword
> Elon: ["loved" above]
> Jason: If 2, 3 or 4 unlock they are each 250b+ markets
> Jason: Payments is $250-500b, YouTube/creators is $250b+
> Jason: Membership no one has tried really .... So hard to estimate. 1-5m paid members maybe @ Jason $50-100 a year? 250k corporate memberships @ 10k a year?
> Elon: You are a mind reader
Classic old-school PE (Private Equity) strategy. No 5d chess.