• Mr Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California, in 2014. Reuters
    Mr Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California, in 2014. Reuters
  • Tesla and SpaceX founder Elon Musk. Getty Images
    Tesla and SpaceX founder Elon Musk. Getty Images
  • Mr Musk with music producer Quincy Jones. AFP
    Mr Musk with music producer Quincy Jones. AFP
  • The wealthiest person in the world with a worth of $274.3 billion, Mr Musk was named 'Person of the Year' by 'Time' magazine in 2021. Getty Images
    The wealthiest person in the world with a worth of $274.3 billion, Mr Musk was named 'Person of the Year' by 'Time' magazine in 2021. Getty Images
  • Focus on Mr Musk's taxes grew last year as Tesla achieved a rarefied $1 trillion in market value. Reuters
    Focus on Mr Musk's taxes grew last year as Tesla achieved a rarefied $1 trillion in market value. Reuters
  • The billionaire has hit back, saying he does not draw a salary from either SpaceX or Tesla, and pays an effective tax rate of 53 per cent on stock options he exercises. AFP
    The billionaire has hit back, saying he does not draw a salary from either SpaceX or Tesla, and pays an effective tax rate of 53 per cent on stock options he exercises. AFP
  • Then US president Barack Obama speaks to Mr Musk on a tour of Cape Canaveral Air Force Station in Cape Canaveral, Florida, in 2010. Reuters
    Then US president Barack Obama speaks to Mr Musk on a tour of Cape Canaveral Air Force Station in Cape Canaveral, Florida, in 2010. Reuters
  • Mr Musk during a television interview after Tesla's initial public offering at the Nasdaq market in New York, in 2010. Reuters
    Mr Musk during a television interview after Tesla's initial public offering at the Nasdaq market in New York, in 2010. Reuters
  • With former wife Talulah Riley at the 2011 Orange British Academy Film Awards in London. Getty Images
    With former wife Talulah Riley at the 2011 Orange British Academy Film Awards in London. Getty Images
  • With Japan's former prime minister Shinzo Abe after a test drive of the Tesla Model S P85D in Palo Alto, California, in 2015. Reuters
    With Japan's former prime minister Shinzo Abe after a test drive of the Tesla Model S P85D in Palo Alto, California, in 2015. Reuters
  • Mr Musk during the 67th International Astronautics Congress in Guadalajara, Mexico, in 2016. EPA
    Mr Musk during the 67th International Astronautics Congress in Guadalajara, Mexico, in 2016. EPA
  • From left: SpaceX chief executive Elon Musk, Corning chief executive Wendell Weeks, then US president Donald Trump and Johnson & Johnson chief executive Alex Gorsky during a meeting at the White House. AFP
    From left: SpaceX chief executive Elon Musk, Corning chief executive Wendell Weeks, then US president Donald Trump and Johnson & Johnson chief executive Alex Gorsky during a meeting at the White House. AFP
  • Mr Musk and former wife Grimes at The Metropolitan Museum of Art in New York City, in 2018. AFP
    Mr Musk and former wife Grimes at The Metropolitan Museum of Art in New York City, in 2018. AFP
  • Mr Musk leaves a court in New York City, in 2019, after a hearing in a lawsuit brought against him by the US Securities and Exchange Commission. Getty Images
    Mr Musk leaves a court in New York City, in 2019, after a hearing in a lawsuit brought against him by the US Securities and Exchange Commission. Getty Images
  • A prototype of SpaceX's Starship spacecraft is seen before Mr Musk gives an update on the company's Mars rocket Starship in Boca Chica, Texas, in 2019. Reuters
    A prototype of SpaceX's Starship spacecraft is seen before Mr Musk gives an update on the company's Mars rocket Starship in Boca Chica, Texas, in 2019. Reuters
  • Mr Musk at the construction site of the Tesla Gigafactory in Gruenheide, near Berlin, Germany, last year. EPA
    Mr Musk at the construction site of the Tesla Gigafactory in Gruenheide, near Berlin, Germany, last year. EPA
  • Dancing onstage during a delivery event for Tesla's China-made Model 3 cars in Shanghai. Reuters
    Dancing onstage during a delivery event for Tesla's China-made Model 3 cars in Shanghai. Reuters
  • Mikey Day as a lawyer, Cecily Strong as a judge, and host Elon Musk as Wario during the "Wario" sketch on NBC's 'Saturday Night Live', in May. Getty Images
    Mikey Day as a lawyer, Cecily Strong as a judge, and host Elon Musk as Wario during the "Wario" sketch on NBC's 'Saturday Night Live', in May. Getty Images
  • Mr Musk with Armin Laschet, CDU party federal chairman and prime minister of Germany's North Rhine-Westphalia, talk during a tour of the plant of the future foundry of the Tesla Gigafactory in Grünheide, near Berlin, Germany. Getty Images
    Mr Musk with Armin Laschet, CDU party federal chairman and prime minister of Germany's North Rhine-Westphalia, talk during a tour of the plant of the future foundry of the Tesla Gigafactory in Grünheide, near Berlin, Germany. Getty Images

Elon Musk's meeting with Twitter staff: five things we learnt


Ian Oxborrow
  • English
  • Arabic

Elon Musk's first open discussion with staff at Twitter, following his signing of a $44 billion deal to take over the social media company, hinted at potential changes to come under his management.

A video recording of the meeting, in which the billionaire businessman appeared to be hosting the link from a kitchen, has been posted across the internet.

Here are five of the main things that he touched upon:

Views on freedom of speech

Mr Musk has already said he will reverse Twitter’s permanent ban on former US president Donald Trump if his acquisition of the social media platform is successfully completed.

Banning Mr Trump from the platform last year was a “mistake” and a “morally bad decision”, he said.

Mr Musk said his offer to buy Twitter came after frequent complaints about content censorship and a lack of free speech on the site.

However, this has led to concerns about how hate speech and policies to moderate content will be handled under his leadership.

In the video meeting, Mr Musk likened Twitter to a “digital town square, but much more than that as you can't fit that many people in a town square”.

For a functioning democracy, it is essential to have free speech, he said.

“It is free speech within the context of the law — I am not suggesting we just flout the law because we will get shut down. An important goal for Twitter is to include as much of the world as possible,” he said.

“We need to strike this balance between allowing people to say what they want to say but making them comfortable on Twitter. I am in favour of going as far as the law will allow us,” Mr Musk said.

Job cuts?

The company needs to turn its fortunes around as costs currently exceed revenue, “so that's not a great situation to be in”, Mr Musk told Twitter staff.

“There has to be some rationalisation of headcount,” he said.

“Anyone who makes a significant contribution has nothing to worry about. If someone's getting useful things done, then that's great; if they are not, then I am like why are they at the company?”

Remote work

Mr Musk, who is also Tesla's chief executive, recently came under the spotlight when an email he sent to the electric car maker's staff, which was made public, instructed employees to be in the office for a minimum of 40 hours a week or leave as remote work was no longer acceptable.

He told Twitter staff: “Tesla makes cars and you can't make cars remotely; it has to be done in a big factory. There are some roles at Tesla where work can be done remotely, like say software or design.

“If somebody is exceptional at their job it is possible for them to be effective remotely. With Tesla, I requested that a manager confirms that someone is an excellent contributor, and if they do, they are allowed to work remotely,” he said.

“If someone is working remotely, they need to show up occasionally so that they can recognise their colleagues. You can't walk down the street and pass your colleague and not recognise them — that would not be good.”

Twitter plans, transparency and troll farms

During the call, Mr Musk touched upon his potential plans for Twitter and what it needs.

To build trust in Twitter, there needs to be transparency — “that's why I'm an advocate for the algorithm to be open source so people can critique it or improve it”, he said.

He said getting rid of troll farms and bots was incredibly important. Tweets and reactions could be prioritised for those who are verified.

“We need to improve the core technology, we need to improve the design,” he said.

“I have a great understanding of the product because I use Twitter every day. What I have less understanding of is bot / spam or anything that affects the monetisable daily user number.”

The businessman wants to have at least 1 billion people on Twitter, from 229 million at present.

Aliens

The world's richest man rambled into topics outside of business during the 45-minute call.

Speaking about Tesla and SpaceX, Mr Musk switched to an existential discussion, talking of sustainable energy and extending the “scope, scale and lifespan of consciousness as we know it”.

“It would be great to understand more about the universe, why we are here, the meaning of life, where are things going, where do we come from,” he said.

“Can we travel to other star systems and see if there are alien civilisations? There might be a whole bunch of long dead, one-planet civilisations out there that existed 500 million years ago,” he said, clarifying, however, that he has not seen “actual evidence of aliens”.

MATCH INFO

Norwich City 1 (Cantwell 75') Manchester United 2 (Aghalo 51' 118') After extra time.

Man of the match Harry Maguire (Manchester United)

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While you're here
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S24%20ULTRA
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Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

UAE currency: the story behind the money in your pockets
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Royal wedding inspired menu

Ginger, citrus and orange blossom iced tea

Avocado ranch dip with crudites

Cucumber, smoked salmon and cream cheese mini club sandwiches

Elderflower and lemon syllabub meringue

COMPANY%20PROFILE
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What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

SPECS
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How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

Essentials

The flights

Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours. 

The package

Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.

The%20specs
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UEFA CHAMPIONS LEAGUE FIXTURES

All kick-off times 10.45pm UAE ( 4 GMT) unless stated

Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid

Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona

The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
New schools in Dubai
The biog

Simon Nadim has completed 7,000 dives. 

The hardest dive in the UAE is the German U-boat 110m down off the Fujairah coast. 

As a child, he loved the documentaries of Jacques Cousteau

He also led a team that discovered the long-lost portion of the Ines oil tanker. 

If you are interested in diving, he runs the XR Hub Dive Centre in Fujairah

 

Company%20Profile
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PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

What sanctions would be reimposed?

Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:

  • An arms embargo
  • A ban on uranium enrichment and reprocessing
  • A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
  • A targeted global asset freeze and travel ban on Iranian individuals and entities
  • Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Updated: June 17, 2022, 9:41 AM