Some of Ilan Mask's most important plans for Twitter were revealed

As you probably know, Ilan Mask has borrowed about $ 25 billion from various banks to take over Twitter. Now, according to Reuters, Mr. Musk has told the banks that he will reduce the salaries of the company's board members and also find new ways to monetize tweets.

Ilan Musk should have convinced banks that Twitter She earns enough to repay the installments of this heavy loan. As a result, $ 13 billion of this amount was paid based on Twitter itself and $ 12.5 billion based on Tesla shares. The rest of the cost of buying Twitter is paid for by Ilan Mask himself.

The report states that Mr. Musk did not provide a detailed plan for managing Twitter to the banks, and that the company's vision was largely described during his tenure. Ilan Musk also tweeted about removing board members' salaries, which would save $ 3 million in costs.

Less than companies like Meta and Pinterest. That's why he believes he can manage the company in more cost-effective ways.

According to Bloomberg News, Ilan Musk has spoken about the partial dismissal in order to reduce costs. Of course, no decision will be made until full control of Twitter is in Mr. Mask's hands. He has also announced to banks that he has plans to monetize important and viral tweets. One of these programs is receiving money from sites that include tweets published by approved users or organizations in their content.

Earlier this month, Ilan Mask tweeted about Twitter Blue's paid service. Published and then deleted. In the tweet, he suggested that the price of the service be reduced, that advertising be banned, and that users be able to pay with DojQuin. Currently, users have to pay $ 2.99 per month to use this service. In another tweet that was deleted, he suggested that Twitter rely less on advertising.

An informed source said that Ilan Musk was considering a new CEO for Twitter, but his identity has not yet been revealed. . Ilan Musk has explicitly told the chairman of Twitter that he does not trust the current management of the company. Parag Agrawal is said to be taking over as Twitter CEO until the completion of the transfer of ownership of Twitter.

Ilan Musk recently said that he has sold about $ 8.5 billion worth of Tesla shares. Tesla's CEO has told banks that he will keep Twitter content monitoring policies as free as possible in accordance with the legal requirements of different countries. It should be noted that the $ 13 billion loan paid to Ilan Mask based on Twitter is about 7 times Twitter's gross revenue forecast for 2022.

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Source: Reuters