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Former Twitter CEO Dick Costolo thinks that Musk should split the company’s stream of income as he told CNBC news anchor. He said he was shocked that Elon Musk changed his mind and decided to go through with the deal as he thought Elon was just going to pay the breakup fee and accept his losses.
There are people who feel Musk is paying too much for Twitter and it’s been overvalued even when Musk had suspected that about 20% of Twitter’s subscriber count could be bots.
When Dick was asked what Elon should do if He buys Twitter, he said Twitter should have more revenue streams. The PR news wire market which He feels Twitter should dominate by uploading news feed on Twitter’s platform would be a great source of income, it will also draw major news corporations into the micro blogging platform.
Dick was asked if Elon will be better or worse for Twitter as he replied that Elon is a great engineer with tremendous success with Tesla and SpaceX but Twitter isn’t an engineering company but a social platform that needs opinions and judgement in which a human will have to make and decide if a quote from a user is good or bad.
Elon has about 2 weeks to close the Twitter deal or else, He will be forced to go back to court.
