Reuters reports that Elon Musk made the assertions
in an effort to secure funding from lenders...
... as part of his $44 billion buyout of the social media platform.
Reportedly, Musk stated he will significantly cut executive and board pay.
And committed to developing new systems for the monetization of tweets on the platform.
A spokesperson for Twitter has yet to respond to news of the development.
Musk has reportedly secured $13 billion in lending in order to buy Twitter.
He acquired an additional $12.5 billion margin loan that is hitched to his own stock in Tesla.
Musk will reportedly use personal cash for the remaining $18.5 billion.
The entrepreneur is reportedly worth $246 billion.
Sources say that Musk's pitch to banks about slashing salaries and monetizing tweets
does not represent binding commitments.
In a recently-deleted tweet, Musk hinted that he intended to shift Twitter's business model away from ad-generated revenue.
Musk recently announced his offload of nearly
$8.5 billion worth of Tesla shares.
It is widely assumed that selling Tesla stock will help to pay the $44 billion Twitter price tag.
Bank officials are reportedly cautious due to fear that lead Twitter talent will leave in the company once Musk's acquisition of the platform has been finalized
Elon Musk has finally pulled back the curtain on what Neuralink has been doing behind the scenes -- showing off their very first subject using their tech ... and.. TMZ.com
RGB Award Ceremony Canceled , Amid Recipient Controversy.
Since 2019, the Dwight D. Opperman Foundation
has presented accomplished women with the Justice Ruth Bader Ginsburg Leadership Award, NPR reports. .
Previous recipients include
Barbra Streisand and Queen Elizabeth II.
This year, however, the foundation
selected four men to receive the
award, in addition to Martha Stewart. .
This year, however, the foundation
selected four men to receive the
award, in addition to Martha Stewart. .
Those men are Elon Musk, Rupert Murdoch, Michael Milken and Sylvester Stallone.
Those men are Elon Musk, Rupert Murdoch, Michael Milken and Sylvester Stallone.
Those men are Elon Musk, Rupert Murdoch, Michael Milken and Sylvester Stallone.
Those men are Elon Musk, Rupert Murdoch, Michael Milken and Sylvester Stallone.
Justice Ginsburg fought not only for women but for everyone, Dwight D. Opperman Foundation Chair
Julie Opperman, via statement.
Going forward, to embrace the
fullness of Justice Ginsburg's
legacy, we honor both women
and men who have changed the
world by doing what they do best, Dwight D. Opperman Foundation Chair
Julie Opperman, via statement.
Ginsburg's family condemned the foundation's recipient selection, NPR reports. .
This year, the Opperman Foundation
has strayed far from the original
mission of the award and from
what Justice Ginsburg stood for. , Jane Ginsburg, daughter of Ruth Bader Ginsburg, via statement.
On March 18, foundation Chair Julie Opperman
said that the April ceremony is now canceled. .
This year we selected
leaders in different fields. We honored men for the first time, Dwight D. Opperman Foundation Chair
Julie Opperman, via statement.
We thought RBG's teachings
regarding EQUALITY should be
practiced. We did not consider politics, Dwight D. Opperman Foundation Chair
Julie Opperman, via statement.
Opperman went on to say that the foundation will decide whether to continue after reevaluating its mission, NPR reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
Looks like Barbra Streisand's complaints are ringing loud and clear -- Elon Musk and Rupert Murdoch will not be adding the RBG Award to their trophy shelves.. TMZ.com
Elon Musk's net worth dropped nearly $40 billion this year, now totaling $189 billion, placing him third behind Bernard Arnault and Jeff Bezos. Tesla's declining share price contributed to the decrease. Despite challenges with Twitter's rebranding as X, Musk announced plans for a smart TV app. His proactive approach reflects his ongoing efforts to diversify and expand his ventures.
#ElonMusk #Tesla #elonmusk #elonmuskinterview #elonmusknews #elonmuskanddisney #Twitter #X #Oneindia #Oneindianews
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Tesla CEO Elon Musk announced on Wednesday that he has no plans to donate money to either candidate for US President.
"Just to be super clear, I am not donating money to either candidate for US President," Elon Musk said in a post on his social media platform X.
#USElection #ElonMusk #PresidentialCandidates #PoliticalDonations #Election2024 #NonPartisan #NoDonations #NeutralStance #PoliticalEngagement #CampaignFunding #ElectionFinances #PoliticalNeutrality #ElectionContributions #PoliticalInfluence #MuskDeclares #ElectionEthics #DonationRefusal #PoliticalStance #USPolitics #ElectionFunding
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An environmental group has published an open letter online claiming responsibility for a fire in a Tesla factory on Tuesday, which has since halted production.
Credit: euronews (in English) Duration: 01:00Published
Elon Musk, Makes $43 Billion Bid, To Purchase Twitter.
Elon Musk, Makes $43 Billion Bid, To Purchase Twitter.
On April 14, Elon Musk made his "best and final"
offer to purchase Twitter, a company he..
Credit: Wibbitz Top Stories Duration: 01:30Published
Twitter Rolls Out New Feature , That Lets You ‘Unmention’ Yourself From a Tweet.
Twitter Rolls Out New Feature , That Lets You ‘Unmention’ Yourself From a Tweet.
On April 7, Twitter announced..
Credit: Wibbitz Top Stories Duration: 01:30Published