If you haven’t lived the last few days deep in a cave, you probably didn’t miss Elon Musk’s takeover of Twitter on Monday. The cost of the operation, which should, if there is no accident, be completed within a year, is $44 billion.
Elon Musk vows to stop selling Tesla shares
Elon Musk may be the richest man in the world, but it’s not easy to raise that amount. To complete this acquisition, he plans to invest in his personal fortune and get help from financial partners. Namely, the big maneuvers may have already begun this week. It became known that the CEO of Tesla sold 4.4 millions shares of this company on Tuesday, according to regulatory documents registered with the SEC, the police officer of the American Stock Exchange. The total value of these sales is about $4 billion. Elon Musk also promised that he was not going to give up the manufacturer’s titles anymore. automobile.
No further TSLA sales planned after today — Elon Musk (@elonmusk) April 29, 2022
If I don’t know what the money could be spent on, it won’t be enough to cover the amount needed to buy Twitter anyway. Our colleagues at Techcrunch point out, though, that $4 billion could pay for a $1 billion termination of the network purchase agreement. socialif the operation failed. In recent weeks, it seems very difficult to see the maneuvers of Elon Musk. While working to acquire Twitter, the SpaceX boss is multiplying provocations against the platform and its current leaders. Inside, his stances aimed at reducing moderation are criticized, such as this employee, who states on condition of anonymity: “But the idea of bringing more freedom of speech to the platform reveals its naivety when you go a little deeper into the topic. Many platforms have been based on this principle of free speech, but in reality they either become a suffocating cesspool or understand that a certain level of moderation is needed.”
