Completely by surprise, Twitter employees caught a meeting called this Thursday, November 10, by the new owner of the social network, Elon Musk. And thanks to a report from TheVergeit is possible to know the conversation that the boss had with his workers and what were some of the crazy ideas that he mentioned in that quote.
“If we are too cautious, how do we make breakthrough improvements? Revolutions are not made with caution »was one of his most bombastic phrases, anticipating that his management will be with many changes.
- On-platform payments: “I think there is this transformative opportunity in payments. And payments are really just the exchange of information. From an information point of view, there is not a big difference between, for example, simply sending a direct message and sending a payment. They are basically the same. In principle, you can use a direct messaging stack for payments. And that’s definitely a direction we’re going to go in, allowing people on Twitter to be able to send money anywhere in the world instantly and in real time. We just want it to be as useful as possible.”
- Avoid bankruptcy: “We definitely need to bring in more cash than we spend. If we don’t do that and there is massive negative cash flow, then bankruptcy is not out of the question. That is a priority. We can’t scale to 1 billion users and take massive losses along the way. That is not feasible. I don’t think we will.”
- No more remote work: “Let me be very clear. If people don’t come back to the office when they can come back to the office, they can’t stay with the company. End of story”.
- Twitter as a producer of short videos like TikTok: “We’re not trying to put YouTube out of business, but I’m just saying, do we really need to give YouTube a ton of free traffic? Maybe not. So at least give creators a choice if they want to put their video on Twitter and earn the same amount they would earn, or maybe a little more, on YouTube or TikTok or whatever the case may be.”
- I’m really excited to be here, and I think the long-term potential for Twitter is huge.
- I think we could actually be a force for peace, which would be amazing. I think there is a tremendous amount of good that Twitter can do for humanity. And that is what we will fight for.
- How do we get a lot of people to participate in the platform? There are 8 billion humans. If we don’t have at least a billion humans in the system, then we have a very small percentage of humans.
- I believe that as long as we take steps to authenticate real users and weed out the no good ones, and make it costly and difficult to create armies of bots, we will be successful.
- For Twitter to advance the main product, what is the main product made up of? It is made of software. So unless we write great software, it’s hard to improve the product.
- I think we are overstaffed
- I think we don’t want to focus too much on metrics. It’s useful to view these metrics as sanity checks. But if you’re overoptimized on one metric, then you end up being like a dumb AI. You chase a number without common sense. What really matters is: are we making the product amazing? If you make the product amazing, people will use it.
- I think there is a tremendous untapped opportunity in Twitter. Thanks.