Elon Musk Turns To Wall Street To Finance Twitter Acquisition
While the richest person in the world seeking debt financing may seem paradoxical, much of his $261 billion fortune appears to be wrapped in Tesla’s stock.
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While the richest person in the world seeking debt financing may seem paradoxical, much of his $261 billion fortune appears to be wrapped in Tesla’s stock.
According to Meta, over $150 million has been donated towards climate change and other environmental causes through Facebook and Instagram’s fundraising feature.
“Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there,” Musk tweeted.
Now, shareholders will be able to buy discounted shares if any person or group seeks to acquire at least 15% of Twitter’s common stock without the board’s approval.
In a letter to Bret Taylor, chairman of Twitter, Musk said that he can “unlock” Twitter’s “extraordinary potential” and that his $54.20 per share offer was final.
According to U.S. securities law, investors are required to disclose acquisitions of 5% within 10 days of making the investment, which would have been on March 24 for Musk.
Tesla CEO Elon Musk became Twitter’s largest shareholder following his 9.2% purchase of the company and was expected to join the social media platform’s board.
Instagram is introducing several new messaging features on the app, including the ability to reply to a new direct message without leaving the Home feed, quickly share posts with friends, ...
Carr Companies has just announced FORGE PR as the first-ever public relations agency of record for its two flagship coworking and office brands, Carr Workplaces and Preferred Office Network.
Tesla’s Elon Musk has become one of the largest shareholders of Twitter by purchasing a 9.2% stake in the company, more than four times that of Twitter founder Jack Dorsey.
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