This year-end employee benefit sheds a very bright light as to why Musk is in such a hurry to get the lay-offs done. As reported last week: The forthcoming layoffs are likely to occur before November 1st. The timing may give Musk the opportunity to avoid paying out stock grants to outgoing workers. According to The Times, such payouts “typically represent a significant portion” of an employee’s pay. The New York Times report this weekend he plans to lay off employees before Tuesday, November 1, thus cutting staff off from receiving stock grants as part of their compensation. In response to…
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Days after Elon Musk (aka Chief Twit) took over Twitter, he is making big and not so popular opinion plans. Though much like everything else involving him and Twitter this could (and hopefully will) change. Now he wants to raise the monthly subscbrtion fee for the Twitter Blue and also have the service include a verification badge. $20 sounds like a lot of money just to get a verified badge and many folks like Kara Swisher are not ready to pay that amount. A poll by investor Jason Calacanis — to which Musk replied “interesting” — also has a majority of the people saying…
After over six-months of on again, off again and lawsuits…Tesla and SpaceX’s Elon Musk finally closed the deal on purchasing Twitter on Thursday, October 27th. The final price tag of tag of the merger between Twitter and Musk’s subsidiary X Holdings II, Inc. was $44B USD. What does this mean for the 16-year old once publicly held company? Rumors have been flying over the past week, some propagated by Musk himself including laying off 75% of the staff. Here is break-down of the recent news before and after Musk’s take-over/merger of Twitter: Elon Musk reportedly tells Twitter he won’t lay…