Executive oustersCNBC’s Thursday Night Report reported that Musk had shown several executives his first order of business, including Agrawal (CFO) Ned Segal.

Massive layoffs: According to interviews and documents obtained by The, Musk intends to fire approximately 75% of Twitter employees if he becomes president. Washington Post last week, indicative of Musk’s often-hostile relationship with Twitter and sharp criticism of its content moderation policies, previously accusing its staff of having a “strong left wing bias” (Musk reportedly told Twitter staff Wednesday the 75% figure is inaccurate).

Altering Twitter’s user experience: Musk has floated several changes to the site, including charging a small fee, reducing the number of fake and spam accounts from the site, changing the content algorithm to enhance “free speech,” loosening its moderation rules and addingAll users have an option to edit.

Trump and Kanye may return Musk said in May he plans to restore the Twitter account of former President Donald Trump, whom the platform banned in January 2021 “due to the risk of further incitement of violence” following the deadly Capitol riot, though Trump claims he wouldn’t rejoin and will instead remain on his new Truth Social site—Musk has also previously stood by Kanye West, calling the rapper his “friend”Twitter had already banned West in April for his threats of violence against Jews

Tesla continues to unload: Wedbush analyst Dan Ives estimated last week that Musk may need to sell another $5 to $10 billion in Tesla stock to finance the deal, adding to the roughly $30 billion he’s already sold this year, and shares of Tesla are down more than 40% since April 4, when Musk disclosed his 9% stake in Twitter, largely due to concerns about Musk’s selloff and the social media firm pulling his attention away from the electric vehicle firm.

X App: Musk has said he may use his new $44 billion plaything to build out what he calls his X “everything app,” a mobile app which could bring together a variety of unrelated services like social media, messaging, food delivery and payments under the same umbrella, in the model of Tencent’s WeChat in China.