Elon Musk has turned Twitter upside down after recently getting rid of half the workforce in plans to cut business costs.
Scroll down for the full story!
The entrepreneur’s SpaceX program has garnered a lot of publicity.
Let’s take a closer look at how he got to where he is today…
Born to a Canadian mother and South African father, the entrepreneur left his birth country for Canada in 1988.
Seventy-four-year-old Maye Musk is a professional model and dietician, with many an impressive achievement to her name…
Other modeling gigs of hers include a Time magazine cover, a Beyoncé music video, and she can even be seen on boxes of Special K cereal!
As per The Guardian, in a recent interview, Errol was asked if he was proud of his sun. He replied: “No. You know, we are a family that have been doing a lot of things for a long time, it’s not as if we suddenly started doing something.”
He has a long history of success in business.
The game was called Blastar, and he sold it to a computer magazine for an impressive $500.
He gained 2 degrees from Pennsylvania – a BA in physics and a BSc in economics.
He worked for energy storage company Pinnacle Research as well as video game startup Rocket Science Games.
However, according to Bloomberg, the then twenty-four-year-old dropped out after just 2 days!
This is where Musk’s rise really started to get underway!
The company worked with big-name brands such as The New York Times and the Chicago Tribune.
This deal alone made Musk a hefty $22 million.
According to Insider, he used about $10 million of his money from the sale of Zip2.
He became CEO of the freshly merged company.
Peter Thiel, one of PayPal’s original co-founders, replaced Musk.
As Money reported, Musk came away from the company’s $1.5 billion sale to eBay with his fair share.
This is where one of the most adventurous companies of the twenty-first century, SpaceX, came into being.
The company was ready to take on other big players in the space industry, such as Boeing and Orbital Sciences.
Scroll on to discover just why SpaceX is so special…
Previously, only government organizations had managed to achieve this.
The Independent even reported that Musk is aiming to put humans on Mars by 2029!
As per The Guardian, the head of the leading European Space Agency accused Musk of “making the rules” when it came to space.
Aside from the taking up space argument, others dispute whether companies such as Musk’s should be able to alter the look of the night’s sky.
The BBC reported that the billionaire has denied the claims and settled a lawsuit with the former employee for $250,000.
From Twitter to Tesla, Musk is never far away from drama…
This is the endeavour that Musk would arguably go on to become best-known for.
This was after he ousted one of the firm’s founders from the leading position!
According to Insider, he invested $40 million and loaned the company another $40 million on top of that!
From there, the rise of the electric car company has been huge.
Aside from quality control and safety issues, there has been a range of debates around Musk’s leadership itself.
One of Musk’s most talked about moments is where he can be seen smoking marijuana during the podcast.
His eccentric antics appeared to shake investor confidence in the firm.
Although the billionaire won the lawsuit, Tesla’s solar power business has also faced further backlash after delays and price increases.
This is Musk’s most recent controversial move.
This came in the same month that he became their largest stakeholder in the company.
He claims that Twitter hasn’t met its contractual obligations.
However, Musk has hit back and is countersuing, alleging that Twitter committed fraud and breach of contract.
Read on to discover just who Musk has dated.
The Canadian author had 5 children with Musk, and they divorced in 2008.
The pair went on to marry in 2010, but divorced in 2012. However, they then remarried the next year, and eventually divorced again in 2016.
The pair dated for several months in 2017.
The couple reportedly first started seeing each other in April 2018, and made their red carpet debut a month later at the Met Gala.
She said: “I would probably refer to him as my boyfriend, but we’re very fluid. We live in separate houses. We’re best friends. We see each other all the time… We just have our own thing going on, and I don’t expect other people to understand it.”
This comes after he allegedly fathered twins with one of his employees.
According to a report that has been made public, Musk had twins last year with Shivon Zilis, who was working at his OpenAI company at the time.
The story states that the “court documents obtained by Insider show that the tech mogul Elon Musk quietly had twins last November with one of his top executives, Shivon Zilis. In April, Musk, fifty-one, and Zilis, thirty-six, filed a petition to change the twins’ names in order to ‘have their father’s last name and contain their mother’s last name as part of their middle name.’”
Which makes the situation even messier for Musk.
Details on their relationship are still unclear, but Musk has responded to the news on social media.
He wrote: “Doing my best to help the underpopulation crisis. A collapsing birth rate is the biggest danger civilization faces by far.”
Obviously, his comments caused quite a stir, with thousands taking to the comments section to share their thoughts.
And Musk was quick to respond to this, writing: “Far too many people are under the illusion that Earth is overpopulated, even though birth rate trends are so obviously headed to population collapse.”
He added: “Past 2 years have been a demographic disaster,” but said: “I mean, I’m doing my part haha.”
Talking to the Financial Times, he said he’s “pretty sure there are no other babies looming.”
Describing himself as an “autumn chicken.”
Vanity Fair journalist Devin Gordon revealed the theory during a new BBC documentary, after having interviewed the Canadian musician earlier this year.
The journalist explained that she “exists in his cerebral cortex as sort of the perfect companion to him.”
“Except, she agrees with it. She said she does feel like this simulation which was perfectly created for him.”
And now, Musk has been spotted at Twitter’s San Francisco headquarters, but, rather bizarrely, a kitchen appliance was getting the most attention during his visit.
While Twitter employees may not have laughed at him, Musk reportedly told bankers financing his deal with Twitter that he intends on cutting staffing levels at the company by around 75 percent.
You can see the video here.
“Dear Twitter Advertisers, I wanted to reach out personally to share my motivation in acquiring Twitter,” he explained.
Musk explained he bought out the company “because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence.”
“I didn’t do it to help make more money. I did it to try and help humanity, whom I love.
But it seems as though Musk is not quite on top of his new position.
“So demanding to allow a mere 30 days to learn this priceless information! But Management 201 is such a tantalizing carrot.”
Musk has even changed his bio to read “chief Twit.”
As per reports, this allegedly includes asking verified users to pay for the privilege.
Making them pay could actually benefit the company as five percent of all users and heavy tweeters make up less than 10 percent of the site’s monthly users.
Although, reports further revealed that the price of the verification is subject to change and therefore will also cover so-far unspecified other features.
This means verified users will be charged $20 per month.
Including legendary crime and horror author Stephen King.
But Musk replied: “We need to pay the bills somehow! Twitter cannot rely entirely on advertisers. How about $8?”
To which King replied: “It ain’t the money, it’s the principal of the thing.”
And obviously, outlined its benefits.
This includes government figures, sports stars, entertainment figures, journalists, and major brands and organizations.
As users will now be able to buy their blue tick verification.
And you will definitely want to know what it will actually include…
“Power to the people! Blue for $8/month.”
Advertising as a way of getting everyone’s attention, Musk wrote: “You will also get…”
“Ability to post long video & audio.
“And paywall bypass for publishers willing to work with us,” he concluded.
According to sources, Musk is planning to cut Twitter costs by removing half the workforce.
He is also allegedly planning to get rid of the company remote policy, asking those whose jobs aren’t being axed to return to the office.
And it looks like the mass Twitter layoffs have begun.
Workers have said that his recent move is a violation of federal and California law.
“In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday.
“We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward.”
The lawsuit has been filed by Shannon Liss-Riordan as per Bloomberg. She wrote: “We filed this lawsuit tonight in an attempt the make sure that employees are aware that they should not sign away their rights and that they have an avenue for pursuing their rights.”
After receiving a list from Musk’s advisers naming hundreds of people he was supposed to fire, he subsequently threw up into a trash can nearby, the New York Times reports.
And it’s left people wondering what he has planned next.
What do you think?
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