Barry Diller, chairman of IAC and Expedia, said on CNBC’s “Squawk Box” Monday that Twitter, which he said was Elon Musk’s toy, would be a “much smaller business” under new owners. rice field.
Diller said he thought Musk was “wacky” but “very reasonable” and thought he would stick with the company.
“You have this very rich man, and he bought a toy,” Diller said. I don’t know, but I don’t think he’s going to leave.”
Diller said he thinks Musk will come up with ways to improve Twitter and make it more engaging, but he’s not convinced it will be the next super app.
“Twitter is getting better and smaller,” he said.
Musk, who is also the CEO of Tesla and SpaceX, took ownership of Twitter on October 28 and quickly established himself. He said he fired Parag Agrawal, the CEO, and acquired the company, which is Twitter’s chief financial officer and head of legal, public policy, trust and safety. Twitter laid off about half of its employees days later.
Since signing the $44 billion deal, Musk has pitched a series of ideas for Twitter’s new user verification process through its subscription service Twitter Blue.
and tweet thread, Musk said it would “empower people” by offering authentication through Twitter Blue for $8 a month. He said participants will get priority in mentions, replies and searches, receive half as many ads, and will be able to tweet longer videos and audio.
Twitter began rolling out changes to its platform for some users on Saturday in preparation for the launch of its revamped Twitter Blue service, but said it plans to delay the launch until after the midterm elections on Tuesday. It is