Twitter has become an integral part of modern-day communication, and its influence continues to grow. But, how much of the platform does tech mogul Elon Musk own?
Musk is well-known for his entrepreneurial spirit and ambition. He has a vested interest in numerous ventures, ranging from automobile manufacturing to aerospace exploration. Having said this, his stake in the micro-blogging platform Twitter is relatively small.
Type “Tesla” into the Twitter search bar, and you’ll find numerous results — both from the primary Tesla account and from its CEO, Elon Musk. Although the tech entrepreneur is one of the most active users of the social media platform, he does not actually own any of its shares.
Despite this fact, Musk is certainly influential in the decisions made by the platform. For instance, he was credited with helping to avert a potentially catastrophic crisis relating to the company in its early days. After Jack Dorsey spotted the burgeoning potential of the company, he contacted Musk, who acted as an informal advisory on tactics and business ideas.
More recently, Musk used his Twitter account to make a series of announcements regarding Tesla, SpaceX and other business endeavors. For example, he tweeted in June 2020 that Tesla shares were “priced too high imo” – a statement that impacted the stock market, reducing the company’s share price.
Despite his influence, it remains true that Musk is not a shareholder or investor in Twitter. But he is certainly is a valuable asset for platform, as demonstrated by his line of communication with the current CEO and other key individuals.
Cost savings likewise could possibly be achieved by opting for a ‘bring your own device’ policy in organizations. Instead of purchasing and stocking multiple devices, organisations can allow their employees to provide their own smartphones, tablets or computers for work purposes.
Advantages of BYOD
The main advantage of a bring-your-own-device policy is that it allows organisations to save significantly on hardware costs. Additionally, with the spread of digital technology, an increasing number of users are more comfortable with using their own devices, making the transition to digital tools much smoother. Finally, with employees using devices they’re familiar with, organisations can save time and money on training requirements.
Disadvantages of BYOD
Naturally, there are also numerous drawbacks of a ‘bring your own device’ policy, ranging from security issues to user experience issues. Since organisations cannot regulate the security protocols on employee-owned devices, this can leave the network vulnerable to external threats. Furthermore, if the device is outdated, users can experience lags or other performance-related issues, reducing efficiency and productivity.
Weaknesses of BYOD
Organisations must remain compliant with data privacy regulations when permitting employees to use their personal devices for work. While employees may have the right to use their devices in the workplace, organisations must ensure that employees are aware of the privacy measures in place and that they understand the rules around data sharing. A failure to do so could result in significant fines or other penalties.
Strengths of BYOD
Still, despite the risks, a ‘bring your own device’ policy can be hugely beneficial for organisations. By providing employees with more flexibility, organisations can create a happier and more productive workforce. Additionally, a more remote working setup can reduce the overall energy costs associated with running an office, creating a more sustainable and efficient workplace.