Elon Musk May Temporarily Take Over as Twitter's CEO After Acquisition

Elon Musk May Temporarily Take Over as Twitter's CEO After Acquisition

Elon Musk , May Temporarily Take Over , as Twitter's CEO After Acquisition.

According to NBC, sources say Elon Musk may serve as Twitter's temporary CEO after completing his $44 billion takeover of the social media company.

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According to NBC, sources say Elon Musk may serve as Twitter's temporary CEO after completing his $44 billion takeover of the social media company.

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A May 5 SEC filing revealed that Musk had secured about $7.14 billion in equity commitments toward buying Twitter.

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A May 5 SEC filing revealed that Musk had secured about $7.14 billion in equity commitments toward buying Twitter.

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Contributions were reportedly , made by a number of, handpicked investors.

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Contributions were reportedly , made by a number of, handpicked investors.

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Those investors include Honeycomb Asset Management and Oracle co-founder Larry Ellison.

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According to NBC, Twitter co-founder Jack Dorsey may also support Musk's takeover and could even contribute shares prior to the acquisition.

According to NBC, Twitter co-founder Jack Dorsey may also support Musk's takeover and could even contribute shares prior to the acquisition.

NBC reports that Twitter's current CEO, Parag Agrawal, has only been in charge of the company for a few months.

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NBC reports that Twitter's current CEO, Parag Agrawal, has only been in charge of the company for a few months.

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Last November, control of the company was handed over , by Twitter co-founder Jack Dorsey.

During a company-wide town hall meeting with employees last month, Agrawal reportedly said that the future of the company was uncertain under Musk.

Once the deal closes, we don’t know which direction the platform will go, Parag Agrawal, Twitter CEO, via NBC.

According to Twitter's latest earnings report, the company has 229 million active daily users, up 15.9% from the same time last year.