The pitch deck also described a"payments business" that Musk estimates would produce $15 million in revenue by 2023, the Times reports. Both Musk and Twitter co-founder Jack Dorsey have experience in digital payments — Musk is one of the original co-founders of PayPal and Dorsey is the CEO of Square .
Musk did not respond to Insider's request for comment on product"X" and what it might entail. In an April press release, Musk said he wants to improve Twitter by"enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans."
Twitter's board unanimously accepted Musk's buyout at $54.20 per share on April 25. The deal is expected to close in 2022,"subject to the approval of Twitter stockholders, the receipt of applicable regulatory approvals, and the satisfaction of other customary closing conditions," Twitter said in a
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