After it became clear that Elon Musk would buy Twitter, new allegations were made on the subject.
“Musk Likely Appointed as Twitter’s New CEO”
According to sources speaking to CNBC, Elon Musk is scheduled to serve as the company’s interim CEO after the completion of the $44 billion acquisition of Twitter.
The filing with the SEC today revealed that Musk received $7.14 billion in stock commitments from friends and other investors to buy Twitter.
The commitments made ranged in price from $1 billion for Oracle co-founder Larry Ellison to $5 million for SpaceX investor Honeycomb Asset Management.
However, the Twitter founder and bitcoin It was said that his defender Jack Dorsey could also support Musk.
If Elon Musk becomes the CEO of Twitter, what will be the reaction of the current CEO?
Parag Agrawal, Twitter’s current CEO, will have spent a very short time at the helm of the company after taking over the company from Dorsey last November.
In his statements so far, Agrawal has not provided any information about whether there will be a leadership change with Musk’s acquisition of the company.
Last month, Reuters claimed that Musk had already arranged for a new CEO, in its news based on a source on the subject.
In a separate Reuters report, Agrawal told employees at a company-wide meeting last month that Twitter’s future was uncertain under Musk.
When asked if the company would allow former US President Donald Trump to return to the platform when Musk takes over, Agrawal said, “We don’t know which direction the platform will take once the deal is closed.” Trump was permanently suspended from Twitter last year.
Musk’s Twitter acquisition came at a critical time for the company. Agrawal said that Twitter aims to increase the number of daily active users and offer new products to customers.
In its latest earnings report, the company had increased the number of active users by 15.9% compared to the same period last year.
*Not investment advice.