Home » Twitter going private under Musk’s ownership poses challenges, as fired execs get millions

Twitter going private under Musk’s ownership poses challenges, as fired execs get millions

by Sonal Shukla

On Wednesday, Elon Musk revealed plans to take Twitter private, with the goal of providing a “no abuse” platform for public conversation. The announcement allows the team behind Twitter to focus on social wellbeing and clarity before allowing the public back in later this year.

Musk has also been firing off sporadic tweets about his vision for happening on Twitter as well as attempting to address some of the more nefarious elements that have plagued it over its lifespan. But according to a recent report by Bloomberg, Musk is backing out of these promises with an iron first: he has reportedly offered fired staff members $10m each if they stay mum about their experiences at SpaceX and Tesla — even though that’s against company policy.

To add insult to injury, Musk is stifling the full story of what went down by preventing terminated employees from telling their stories in person — and even denying them the $10m. Most recently, former Tesla motors engineer Martin Tripp quit his job at the company after being fired and told his story. A meeting was arranged with Musk via Tripp’s lawyer, but Musk refused to attend in person, telling Tripp’s lawyer that he couldn’t uniquely identify him publicly as he was fired. Musk also cut off communication with him until a year later and wouldn’t talk about the deal that Tripp had worked out with Twitter — which is obviously not on offer.

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