• Mr Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California, in 2014. Reuters
    Mr Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California, in 2014. Reuters
  • Tesla and SpaceX founder Elon Musk. Getty Images
    Tesla and SpaceX founder Elon Musk. Getty Images
  • Mr Musk with music producer Quincy Jones. AFP
    Mr Musk with music producer Quincy Jones. AFP
  • The wealthiest person in the world with a worth of $274.3 billion, Mr Musk was named 'Person of the Year' by 'Time' magazine in 2021. Getty Images
    The wealthiest person in the world with a worth of $274.3 billion, Mr Musk was named 'Person of the Year' by 'Time' magazine in 2021. Getty Images
  • Focus on Mr Musk's taxes grew last year as Tesla achieved a rarefied $1 trillion in market value. Reuters
    Focus on Mr Musk's taxes grew last year as Tesla achieved a rarefied $1 trillion in market value. Reuters
  • The billionaire has hit back, saying he does not draw a salary from either SpaceX or Tesla, and pays an effective tax rate of 53 per cent on stock options he exercises. AFP
    The billionaire has hit back, saying he does not draw a salary from either SpaceX or Tesla, and pays an effective tax rate of 53 per cent on stock options he exercises. AFP
  • Then US president Barack Obama speaks to Mr Musk on a tour of Cape Canaveral Air Force Station in Cape Canaveral, Florida, in 2010. Reuters
    Then US president Barack Obama speaks to Mr Musk on a tour of Cape Canaveral Air Force Station in Cape Canaveral, Florida, in 2010. Reuters
  • Mr Musk during a television interview after Tesla's initial public offering at the Nasdaq market in New York, in 2010. Reuters
    Mr Musk during a television interview after Tesla's initial public offering at the Nasdaq market in New York, in 2010. Reuters
  • With former wife Talulah Riley at the 2011 Orange British Academy Film Awards in London. Getty Images
    With former wife Talulah Riley at the 2011 Orange British Academy Film Awards in London. Getty Images
  • With Japan's former prime minister Shinzo Abe after a test drive of the Tesla Model S P85D in Palo Alto, California, in 2015. Reuters
    With Japan's former prime minister Shinzo Abe after a test drive of the Tesla Model S P85D in Palo Alto, California, in 2015. Reuters
  • Mr Musk during the 67th International Astronautics Congress in Guadalajara, Mexico, in 2016. EPA
    Mr Musk during the 67th International Astronautics Congress in Guadalajara, Mexico, in 2016. EPA
  • From left: SpaceX chief executive Elon Musk, Corning chief executive Wendell Weeks, then US president Donald Trump and Johnson & Johnson chief executive Alex Gorsky during a meeting at the White House. AFP
    From left: SpaceX chief executive Elon Musk, Corning chief executive Wendell Weeks, then US president Donald Trump and Johnson & Johnson chief executive Alex Gorsky during a meeting at the White House. AFP
  • Mr Musk and former wife Grimes at The Metropolitan Museum of Art in New York City, in 2018. AFP
    Mr Musk and former wife Grimes at The Metropolitan Museum of Art in New York City, in 2018. AFP
  • Mr Musk leaves a court in New York City, in 2019, after a hearing in a lawsuit brought against him by the US Securities and Exchange Commission. Getty Images
    Mr Musk leaves a court in New York City, in 2019, after a hearing in a lawsuit brought against him by the US Securities and Exchange Commission. Getty Images
  • A prototype of SpaceX's Starship spacecraft is seen before Mr Musk gives an update on the company's Mars rocket Starship in Boca Chica, Texas, in 2019. Reuters
    A prototype of SpaceX's Starship spacecraft is seen before Mr Musk gives an update on the company's Mars rocket Starship in Boca Chica, Texas, in 2019. Reuters
  • Mr Musk at the construction site of the Tesla Gigafactory in Gruenheide, near Berlin, Germany, last year. EPA
    Mr Musk at the construction site of the Tesla Gigafactory in Gruenheide, near Berlin, Germany, last year. EPA
  • Dancing onstage during a delivery event for Tesla's China-made Model 3 cars in Shanghai. Reuters
    Dancing onstage during a delivery event for Tesla's China-made Model 3 cars in Shanghai. Reuters
  • Mikey Day as a lawyer, Cecily Strong as a judge, and host Elon Musk as Wario during the "Wario" sketch on NBC's 'Saturday Night Live', in May. Getty Images
    Mikey Day as a lawyer, Cecily Strong as a judge, and host Elon Musk as Wario during the "Wario" sketch on NBC's 'Saturday Night Live', in May. Getty Images
  • Mr Musk with Armin Laschet, CDU party federal chairman and prime minister of Germany's North Rhine-Westphalia, talk during a tour of the plant of the future foundry of the Tesla Gigafactory in Grünheide, near Berlin, Germany. Getty Images
    Mr Musk with Armin Laschet, CDU party federal chairman and prime minister of Germany's North Rhine-Westphalia, talk during a tour of the plant of the future foundry of the Tesla Gigafactory in Grünheide, near Berlin, Germany. Getty Images

Elon Musk's meeting with Twitter staff: five things we learnt


Ian Oxborrow
  • English
  • Arabic

Elon Musk's first open discussion with staff at Twitter, following his signing of a $44 billion deal to take over the social media company, hinted at potential changes to come under his management.

A video recording of the meeting, in which the billionaire businessman appeared to be hosting the link from a kitchen, has been posted across the internet.

Here are five of the main things that he touched upon:

Views on freedom of speech

Mr Musk has already said he will reverse Twitter’s permanent ban on former US president Donald Trump if his acquisition of the social media platform is successfully completed.

Banning Mr Trump from the platform last year was a “mistake” and a “morally bad decision”, he said.

Mr Musk said his offer to buy Twitter came after frequent complaints about content censorship and a lack of free speech on the site.

However, this has led to concerns about how hate speech and policies to moderate content will be handled under his leadership.

In the video meeting, Mr Musk likened Twitter to a “digital town square, but much more than that as you can't fit that many people in a town square”.

For a functioning democracy, it is essential to have free speech, he said.

“It is free speech within the context of the law — I am not suggesting we just flout the law because we will get shut down. An important goal for Twitter is to include as much of the world as possible,” he said.

“We need to strike this balance between allowing people to say what they want to say but making them comfortable on Twitter. I am in favour of going as far as the law will allow us,” Mr Musk said.

Job cuts?

The company needs to turn its fortunes around as costs currently exceed revenue, “so that's not a great situation to be in”, Mr Musk told Twitter staff.

“There has to be some rationalisation of headcount,” he said.

“Anyone who makes a significant contribution has nothing to worry about. If someone's getting useful things done, then that's great; if they are not, then I am like why are they at the company?”

Remote work

Mr Musk, who is also Tesla's chief executive, recently came under the spotlight when an email he sent to the electric car maker's staff, which was made public, instructed employees to be in the office for a minimum of 40 hours a week or leave as remote work was no longer acceptable.

He told Twitter staff: “Tesla makes cars and you can't make cars remotely; it has to be done in a big factory. There are some roles at Tesla where work can be done remotely, like say software or design.

“If somebody is exceptional at their job it is possible for them to be effective remotely. With Tesla, I requested that a manager confirms that someone is an excellent contributor, and if they do, they are allowed to work remotely,” he said.

“If someone is working remotely, they need to show up occasionally so that they can recognise their colleagues. You can't walk down the street and pass your colleague and not recognise them — that would not be good.”

Twitter plans, transparency and troll farms

During the call, Mr Musk touched upon his potential plans for Twitter and what it needs.

To build trust in Twitter, there needs to be transparency — “that's why I'm an advocate for the algorithm to be open source so people can critique it or improve it”, he said.

He said getting rid of troll farms and bots was incredibly important. Tweets and reactions could be prioritised for those who are verified.

“We need to improve the core technology, we need to improve the design,” he said.

“I have a great understanding of the product because I use Twitter every day. What I have less understanding of is bot / spam or anything that affects the monetisable daily user number.”

The businessman wants to have at least 1 billion people on Twitter, from 229 million at present.

Aliens

The world's richest man rambled into topics outside of business during the 45-minute call.

Speaking about Tesla and SpaceX, Mr Musk switched to an existential discussion, talking of sustainable energy and extending the “scope, scale and lifespan of consciousness as we know it”.

“It would be great to understand more about the universe, why we are here, the meaning of life, where are things going, where do we come from,” he said.

“Can we travel to other star systems and see if there are alien civilisations? There might be a whole bunch of long dead, one-planet civilisations out there that existed 500 million years ago,” he said, clarifying, however, that he has not seen “actual evidence of aliens”.

West Asia rugby, season 2017/18 - Roll of Honour

Western Clubs Champions League - Winners: Abu Dhabi Harlequins; Runners up: Bahrain

Dubai Rugby Sevens - Winners: Dubai Exiles; Runners up: Jebel Ali Dragons

West Asia Premiership - Winners: Jebel Ali Dragons; Runners up: Abu Dhabi Harlequins

UAE Premiership Cup - Winners: Abu Dhabi Harlequins; Runners up: Dubai Exiles

UAE Premiership - Winners: Dubai Exiles; Runners up: Abu Dhabi Harlequins

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

The biog

Name: Abeer Al Shahi

Emirate: Sharjah – Khor Fakkan

Education: Master’s degree in special education, preparing for a PhD in philosophy.

Favourite activities: Bungee jumping

Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

Top 10 in the F1 drivers' standings

1. Sebastian Vettel, Ferrari 202 points

2. Lewis Hamilton, Mercedes-GP 188

3. Valtteri Bottas, Mercedes-GP 169

4. Daniel Ricciardo, Red Bull Racing 117

5. Kimi Raikkonen, Ferrari 116

6. Max Verstappen, Red Bull Racing 67

7. Sergio Perez, Force India 56

8. Esteban Ocon, Force India 45

9. Carlos Sainz Jr, Toro Rosso 35

10. Nico Hulkenberg, Renault 26

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Updated: June 17, 2022, 9:41 AM