Amid chaos at Elon Musk's Twitter, Harsh Goenka says this: ‘Too early to project…’

The Tesla CEO and world's richest person has taken several controversial decisions as the new owner of the US tech giant, which he bought last month.

Updated on: Nov 20, 2022, 18:22:04 IST

By HT News Desk, New Delhi

Prefer HTon Google

Share via

Copy link

Elon Musk is ‘ahead of his times,’ according to RP Goenka Group chairman Harsh Goenka, who also said Twitter's new boss should be given more time before people start predicting the platform's death.

Also Read | Twitter pushed to brink amid exodus? Rows that erupted under Elon Musk watch

“We are underestimating the genius of Elon Musk. There must be a method to his madness. Whether it was Tesla, SpaceX or Boring co, he was ahead of his times. He surely has a gameplan with #Twitter which we just can't comprehend. Let's give him time before we predict its death,” tweeted Goenka on Saturday.

Goenka's post comes at a time when the Tesla CEO and world's richest person is facing severe criticism over various issues related to the microblogging website and the company. Ever since he bought the tech giant, in last week of October, the business magnate has sacked senior executives, laid off staffers, gave an ‘ultimatum’ to employees leading to their resignations (described as exodus), and asked for $8 monthly fee to be paid for blue tick verification (currently suspended, but likely to return on November 29).

Also Read | ‘None of you…': On Musk's layoffs, Ashneer Grover has an advice for founders

Most recently, he reinstated former US President Donald Trump, ending the latter's ban from the platform over the January 2021 violence at the US Capitol.

The South African-born entrepreneur, 51, bought Twitter in a deal worth $44 billion. According to Forbes, he owns around 82 per cent of the company.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.