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Trade leaders weigh in on Elon Musk and his current strikes at Twitter

Posted on
December 12, 2022
Peter McGuthrie

In current months, Tesla CEO Elon Musk has added Twitter to his repertoire of high-profile firms, present process growing scrutiny alongside the way in which. Whereas his techniques have been polarizing and have created uncertainty amongst some Tesla traders, his administration of the social media app has additionally garnered some optimistic consideration, with some business leaders even stating how Musk’s Twitter technique may work in the long term.

Above: Elon Musk presenting at Tesla in 2014. Photograph: Steve Jurvetson / Flickr

Some firm executives in Silicon Valley suppose there might be extra to Musk’s administration fashion than meets the attention, with Netflix co-founder Reed Hastings even calling Musk “the bravest, most artistic individual on the planet” in a report from Reuters. The declare got here amidst a heat welcome of Musk’s Twitter to the world, with him and different executives noting {that a} shift in technique on the firm might be so as.

“I am 100-percent satisfied he is attempting to assist the world with all of his endeavors,” Hastings mentioned after noting that Musk’s administration fashion is completely different from his personal. “It is not how I might do it, however I am deeply respectful. I am amazed that individuals are so nitpicky.”

Hastings has emphasised that Musk’s strategy focuses on free speech, one thing the billionaire entrepreneur has been vocal about, in addition to the topic’s general function in democracy. Earlier than initiating his buy of Twitter, Musk questioned whether or not the platform “rigorously adhered to rules of free speech” in a tweet, occurring to buy his first stake within the firm simply weeks later.

Above: Netflix CEO Reed Hastings feedback on Elon Musk’s efforts at Twitter. YouTube: CNBC Tv

Together with Hastings, Meta CEO Mark Zuckerberg mentioned that a few of Musk’s adjustments to Twitter’s content material moderation may really pan out properly, including that it’s really a optimistic factor for social media platforms to attempt new approaches.

“You possibly can agree or disagree with what Elon is doing, or how he is doing it, however I do suppose it should be very attention-grabbing to see how this performs out,” Zuckerberg mentioned at a current convention. “I might guess that not every thing goes to work, however I believe some issues would possibly work.” 

Different business leaders have echoed related feedback relating to Musk’s current strikes at Twitter. Morgan Stanley’s CEO James Gorman mentioned, “Elon Musk is an extraordinary government. Only a few individuals create world companies which are transformational… [while] many individuals aspire to, only a few really pull it off.”

Together with Musk’s vocal place on free speech, he is additionally expressed plans to extend Twitter’s earnings, and to create an “X every thing app” out of the platform, which he has beforehand likened to China’s WeChat. In current weeks, Musk praised WeChat once more for its ease of use in sharing Tesla data with fellow homeowners straight from the cell app.

As to how Musk’s possession of Twitter may have an effect on Tesla homeowners, traders and followers, solely time will inform. Nevertheless, Musk has even mentioned up to now that his acquisition of Twitter may fast-track the method of making the X app by as a lot as three to 5 years, in comparison with constructing it from scratch — which may assist spell a win for all of his firms in a decade or so.


Supply: Reuters

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