- Elon Musk recently bought the microblogging platform Twitter.
- Tesla shares are down more than 8 percent.
- Elon Musk is also the head of Tesla, The Boring Company, and SpaceX.
Elon Musk recently bought the microblogging platform Twitter, the deal was completed for $ 44 billion. Now Musk is likely to become the temporary CEO of Twitter after the acquisition of the social media giant.
Elon Musk recently bought the microblogging platform Twitter.
The world’s richest person and Tesla CEO Elon Musk recently bought microblogging platform Twitter, a deal that has been completed for $ 44 billion. Now Musk is likely to become the temporary CEO of Twitter after the acquisition of the social media giant. A person familiar with the issue told me Thursday that Musk is going to collect money from the deal.
Tesla shares have fallen more than 8 percent in the past day, as investors think Musk’s association with Twitter could derail him from becoming the world’s largest electric car maker. On the other hand, Twitter’s shares have made gains, up nearly 4% from $50.89 to $54.20, as investors peg the new funding deal on a higher chance of completion.
Tesla shares are down more than 8 percent.
Twitter’s current CEO Parag Agrawal took over as CEO in November. Twitter’s CEO can remain until this deal is completed. A CNBC report revealed that Elon Musk could be the new interim CEO of Twitter.
Elon Musk is the richest person in the world, as well as the CEO of Tesla Inc., and the head of two other companies, The Boring Company and SpaceX. Elon Musk has often been critical of Twitter, so it is likely that he himself will make changes on a special level while taking command of it. Musk has been suggesting changes to Twitter since last month. Before signing the deal with Twitter last month, Musk suggested changes to the Twitter Blue premium membership service, including a price cut.
Twitter usage may be charged
A few days ago, Elon Musk tweeted that Twitter will always be free for normal users, but a small charge may be charged for commercial and government users. Musk said in the tweet that ‘Twitter will always be free for casual users, but there may be a small fee for commercial/government users.’ Now there is not much information about when this fee will be imposed.