The world’s richest man on working from home

The world’s richest man Elon Musk talks about when he thinks it’s okay for someone to always work from home.

Elon Musk held a town hall meeting with Twitter employees on Thursday, discussing everything from layoffs and remote work to politics and aliens, as he appeared to double his $44 billion pledge to take over the company.

The New York Post reported that when asked if he would cut jobs from Twitter if the deal goes through, Musk gave an ominous response, saying, “Right now, costs outweigh revenues. That’s not a great situation.”

“The company needs to get healthy,” Musk added.

Notably, Twitter’s backers haven’t specifically asked Musk the biggest question on Wall Street right now — which is whether he plans to lower the sale price for the company or consider exiting the deal altogether.

Twitter shares fell more than 2.4 percent to $37.06 on Thursday afternoon — well below the deal price of $54.20 a share — suggesting increasing investor skepticism about the deal.

During the video question-and-answer session, Musk told Twitter staff that he has “moderate politics” and is “quite close to the center,” but said extreme political views and “pretty outrageous stuff” should be featured on the site. allowed as long as they do not break the law, Bloomberg reported:

Musk also reiterated that he was leaning towards backing Florida Republican Governor Ron DeSantis for president in 2024, the New York Times reported

In response to questions from employees, Musk said the top-performing Twitter employees are allowed to work from home forever, but it’s “much better if you’re physically on location.”

“If someone can only work remotely and they’re exceptional, it wouldn’t make sense to fire them,” Musk said.

Twitter currently allows most employees to work remotely as much as they want.

Musk has taken a hard line on remote working at Tesla, ordering all employees to go back to the office for a at least 40 hours a weekexcept for “particularly exceptional contributors” whom he personally approves.

Wedbush Securities director Dan Ives told The Post that the meeting highlighted a “clear culture contrast” between Musk and Twitter, while doing little to appease investors.

Musk’s Twitter all-hands call was the wrong call at the wrong time, he said.

Elsewhere during the conversation, Musk said he would be interested in Twitter becoming similar to China’s WeChat app, a one-stop shop for everything from messaging to payments to shopping.

“You actually live on WeChat,” he said, adding that he wants Twitter to reach 1 billion users one day.

He also offered a high-profile vision for what Twitter should be five to 10 years from now, saying the company should “help build a stronger, more sustainable civilization where we can better understand the nature of reality.”

The company currently has about 229 million daily active users who can monetize it, although Musk has repeatedly wondered how many of those users are bots. He reiterated his concerns about bots at Thursday’s meeting.

Musk also said he isn’t necessarily committed to becoming Twitter’s CEO, but wants to play an active role in driving improvements to the company’s products, according to Bloomberg.

Musk showed up for the meeting 10 minutes late and called in from his phone, according to Verge editor Alex Heath. Ives called Musk’s late arrival “flippant” and “not looking good.”

In an odd twist, Musk’s Twitter chat briefly focused on aliens. “I haven’t seen any real evidence for aliens,” Musk said, according to Bloomberg.

This article originally appeared on the New York Post and was reproduced with permission

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