Elon Musk is preparing to take over Twitter. After the transaction is completed, he can temporarily take the position of head of the company.
American businessman Elon Musk could temporarily become head of Twitter, which owns the social network of the same name, after completing the deal to buy it. This was reported on Thursday, May 5, citing Reuters sources.
According to the agency, Musk has already requested the support of investors. Among them are the Binance cryptocurrency exchange, Qatar Holding, Tesla board member Larry Ellison and Saudi prince Al-Waleed bin Talal.
Parag Agrawal, who was appointed CEO of Twitter in November, is expected to remain in the position until the company’s sale to Musk is completed.
After signing a $ 44 billion deal last week to buy Twitter, Musk said he wants to expand the platform with new features, make algorithms open source to boost trust, defeat spambots and authenticate all tao.
Tesla shares have fallen more than 8% in recent days as investors fear Musk’s involvement on Twitter could distract him from managing the electric car maker. Twitter shares, on the other hand, continue to rise as investors bet that the company’s acquisition will continue and be good for the company.
Earlier, Musk announced his intention to make the social network Twitter pay for individual organizations and government agencies.
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Source: korrespondent
