- Elon Musk says Twitter staff would face lawsuits if they leak confidential company information to the media.
- The CEO instructed Twitter staff to keep information within and gave an ultimatum for staff to agree or be fired.
Twitter CEO Elon Musk has warned staff not to share confidential information with the media or other public platforms. In addition to making this a rule, Musk has threatened to bring legal action against any staff who defaults.
In an email to employees, Twitter’s ‘Chief Twit’ said that sharing private information is a clear violation of the Non-Disclosure Agreement (NDA) employees signed upon employment. According to reports, Musk’s email states that he believes doing this is against the company’s best interest. The CEO reportedly gave staff until 5 pm on Saturday to respond that they understand the rule. It is assumed that Musk might fire anyone who doesn’t provide their pledge in a reply. According to the email as reported by Journalist Zoë Schiffer:
“This will be said only once: If you clearly and deliberately violate the NDA that you signed when you joined, you accept liability to the full extent of the law & Twitter will immediately seek damages.”
The recent occurrence is the second ultimatum Musk is issuing to staff since taking over affairs. Last month, the CEO asked staff to either become “extremely hardcore” as part of the “new Twitter,” or leave the company. Musk had also added that staying at “Twitter 2.0” will involve “working long hours at high intensity” to deliver “exceptional” performance. Following the ultimatum, hundreds of employees willingly chose to leave with severance pay.
Will Musk’s New Rule Affect DOGE?
Perhaps one of the information leaks that informed Musk’s recent ultimatum is news about the Twitter Coin. According to researchers on Twitter, Musk’s team is designing a Twitter Coin to be used for payments and tips on the platform. The news also set conversations about Dogecoin (DOGE) in motion, focusing on whether or not Twitter Coin would rival DOGE. In some quarters, enthusiasts considered that the Twitter Coin would turn out to be another name for DOGE.
Whether or not the Twitter Coin is DOGE, keeping the lid tightly shut could swing either way for DOGE. For instance, the initial rumor about a Twitter Coin was bearish for DOGE as the meme coin fell by 14%. Since then, DOGE has struggled to climb the $0.1 mark. This suggests that news about a DOGE rival, whether confirmed or not, might cause further plunges in DOGE’s value.
According to screenshots from researchers who leaked the Twitter Coin, Twitter will likely announce support for multiple assets. If there are no more leaks until official support for Twitter Coin and DOGE, prices could pump to its all-time high or higher. However, whether or not any more news leaks, an eventual launch for Twitter Coin and not DOGE could be extremely bearish for the dog-themed crypto.
