Elon Musk said Twitter might charge a “slight” fee for commercial and government users, part of the billionaire entrepreneur’s push to grow revenue.
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Tesla CEO Elon Musk sold $4-billion worth of shares in the electric vehicle maker in sales likely aimed at helping finance his planned purchase of Twitter.
Twitter, in one of its last earnings reports before Elon Musk takes the company private, reported revenue that missed analysts’ estimates.
Emboldened by his successful $44-billion bid to buy Twitter, Elon Musk took to the platform to joke about a new potential takeover target.
It was one of the most frenzied and unpredictable takeover bids ever, with Elon Musk sealing a deal to acquire Twitter for $44-billion within weeks of anyone even knowing he was an investor.
Amazon.com founder Jeff Bezos posed a provocative question after Elon Musk clinched a $44-billion takeover of Twitter.
Elon Musk clinched a deal to buy Twitter for $44-billion on Monday. Meanwhile, former US President Donald Trump said he will not return to the platform.
Twitter is poised to agree a sale to Elon Musk for $43-billion (R674-billion) in cash, the price the chief executive of Tesla has called his “best and final” offer.
Elon Musk’s short-lived effort to take Tesla private after his infamous “funding secured” tweet in August 2018 has loomed over the billionaire’s reputation.
It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it his way.