![]() ![]() ![]() That includes the decision by Musk - a self-described “free-speech absolutist” - to reinstate thousands of formerly banned Twitter accounts, including Donald Trump’s. Musk has valued Twitter at $20 billion, less than half the $44 billion price tag when he bought it.Īdvertisers have been skittish about Musk’s mercurial decisions in running Twitter, as well as his sometimes bizarre tweets. Twitter’s ad revenue, according to Musk, plummeted by as much as 50% after he closed the takeover in October 2022. ![]() He’s also CEO of Tesla and SpaceX Musk told Faber that he gets about six hours of sleep per night. Musk, of course, will remain sole owner and decision-maker about Twitter. I’m excited to help bring this vision to Twitter and transform this business together!”Īt Twitter, Yaccarino will head up business operations, including ad sales, while Musk will remain executive chair and CTO, overseeing product, software and system operations. Yaccarino, slated to start at Twitter by the end of June, on Saturday tweeted about the appointment, “Thank you I’ve long been inspired by your vision to create a brighter future. On Friday (May 12), the mega-billionaire announced that he hired Yaccarino, formerly head of ad sales at NBCUniversal, as CEO. I don’t care.'”įaber responded, “So you just don’t care.” Musk replied, “I’ll say what I want to say, and if the consequence of that is losing money, so be it.” I can’t get these ads because of some of the things you tweet’?” Musk, after a pause, said, “You know, I’m reminded of a scene in ‘The Princess Bride,’ great movie, where confronts the person who kills his father. Musk said he is not an antisemite, adding, “I’m like a pro-semite, if anything.”įaber continued to press the point: “Do your tweets hurt ?… Or are there advertisers on Twitter Linda Yaccarino will come and say, ‘You gotta stop. “People are calling you an antisemite” for the Soros comment, Faber said. “This is freedom of speech - I’m allowed to say what I want,” Musk replied. In the CNBC interview, Faber asked Musk why he would share such an opinion about Soros, given that Twitter advertisers or Tesla owners may object to it. “To see regardless of his intent, feed this segment - comparing him to a Jewish supervillain, claiming Soros ‘hates humanity’ - is not just distressing, it’s dangerous: it will embolden extremists who already contrive anti-Jewish conspiracies and have tried to attack Soros and Jewish communities as a result.”) “Soros often is held up by the far-right, using antisemitic tropes, as the source of the world’s problems,” Greenblatt wrote on Twitter. Soros hates humanity.” (Musk’s comments about Soros drew a rebuke from Anti-Defamation League CEO Jonathan Greenblatt. Musk claimed that Soros does not have “good intentions”: “He wants to erode the very fabric of civilization. After Twitter’s board fought Musk’s takeover bid, it took him to court to hold him to the terms of his offer: “Basically they had a gun to my head saying, ‘No, you must acquire us!'”įaber asked Musk about the tech mogul’s tweets that lend credence to conspiracy theories, including Musk’s Monday evening tweet in which he said, “Soros reminds me of Magneto,” likening billionaire financier and philanthropist George Soros to Marvel’s Jewish supervillain from the X-Men series. ![]() “My skills and interests are in technology.”Ībout the dire financial situation the company was facing, Musk said, “It was really a very challenging situation when the Twitter deal closed.” He said the company had negative $3 billion cash flow and just $1 billion in cash on hand. “Twitter is very much an advertising-dependent business, and Linda is obviously great at that,” Musk said. Musk spoke about Linda Yaccarino, the ex-NBCUniversal exec he just hired as CEO of Twitter, joining the company, saying that “Linda will operate the company and I will build products.” ![]()
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