Elon Musk has hinted that he is planning a big update on Twitter if his deal to buy the platform goes ahead.
The tech billionaire has until 9 pm. Britain will have to close the $44 billion acquisition on Friday or face trial in November.
He’s previously shared his intention to follow through with the deal, as well as how he might change Twitter once he’s in charge of what he plans to do with Twitter. The latest sign is an integrated video feature that will compete with YouTube and generate additional revenue for the app.
Responding to a Twitter thread on how this could be implemented, Mr Musk posted a wink emoji. The source added, once ElonMask takes over, the TwitterSpace platform could evolve towards video and compete with YouTube for content creation.
It’s crazy that Twitter hasn’t implemented a YouTube clone currently. Half of my tweets are links to YouTube videos. Twitter doesn’t matter here. If users could watch monetized videos on Twitter, Twitter would capture the ad modifications and increase them immensely.
It is unclear whether Mr Musk will go ahead with the purchase, previously citing concerns about the spread of bots on Twitter.
Employees’ stock accounts are reportedly frozen in anticipation of the deal going ahead before Friday, according to Bloomberg, while lawyers for both sides are working to close the deal.
The Washington Post also reported that Mr Musk told potential investors he plans to lay off about 75 percent of Twitter’s workforce if he takes over. Twitter General Counsel Sean Edgett said in a memo to employees following the report that the firm had “no confirmation of the buyer’s plans after the closure.
The Independent has reached out to Twitter, though the platform generally does not comment on ongoing features or ongoing legal disputes.