over 2018 tweets in which he suggested he had funds to take Tesla private, something securities regulators later found to be false. on the social network. His acquisition offer letter underscored this issue, with Musk flagging his focus on"free speech."
Musk has now turned to criticizing Twitter's board, saying that if he were in charge he would save $3 million a year by slashing boardmembers' salaries to zero. He also pointed out that board members collectively own just a tiny financial stake in Twitter, showing that their"economic interests are simply not aligned with shareholders.
"He may decide it's not worth it and that he sent a political signal to exert pressure," Groth said."Now all eyes are on Twitter, and the clock is ticking." Although Musk has said his initial offer is"final," Musk may have to raise the bid to satisfy other shareholders. A Saudi prince who is among Twitter's major shareholders scoffed at the offer last week in a tweet. Al Waleed bin Talal said he didn't believe $43 billion is close to Twitter's value given its growth prospects.The Associated Press contributed to this report.
Why would he need to raise funds? Thought this was pocket change?
former CEO wasn't good guy
The king is dead, long live the king. The King of the twits.
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He won't stop until he destroys Twitter. Once he makes this 'myspace' we'll need to have the next platform lined up. Twitter techs ... hint hint.
Fair market value for Twitter is probably more like $100B, not the $43B he offered.
Is that Jack White?
Richest man? You mean Gates, Bezos
He is trying to do hostile takeover of twitter, like he did with Tesla.
Go Elon!
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