The Wall Street Journal reports that Elon Musk is expected to confirm his desire to own Twitter when he speaks to the social-media company’s employees today, according to a person familiar with the matter. The billionaire Tesla CEO will answer pre-submitted employee questions for roughly an hour at a virtual Twitter all-hands meeting Thursday morning West Coast time.
In addition to reiterating his interest in owning Twitter and his view of its importance in the world, Elon Musk is likely to clarify recent comments about remote work and touch on aspects of his strategy for Twitter, including the role of advertising and subscriptions.
Musk has criticized Twitter for being too reliant on advertising. The WSJ sources expect that Musk will stress that the company should have multiple revenue streams, with advertising and subscriptions.
Twitter shares were up roughly 5% in after-hours trading after WSJ reported on Musk’s expected remarks.