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Elon Musk expected to serve as temporary Twitter CEO after deal closes
CNBC ^ | May 5th, 2022 | Annie Palmer

Posted on 05/05/2022 7:43:28 AM PDT by shadowlands1960

Key Points:

-Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company, according to CNBC’s David Faber.
-Twitter CEO Parag Agrawal has only been at the helm for a few months, and until now, it was unclear whether Musk would seek to install a new CEO once his takeover of the company is complete.
-On Thursday, an SEC filing revealed Musk got another $7 billion from friends and investors to buy Twitter.


Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company, sources told CNBC’s David Faber.

An SEC filing on Thursday revealed Musk secured approximately $7.14 billion in equity commitments from friends and other investors to buy Twitter. Faber said Musk handpicked the investors. Commitments range from $1 billion from Oracle co-founder Larry Ellison to $5 million from Honeycomb Asset Management, which invested in SpaceX. Faber added that Twitter co-founder Jack Dorsey may back it, and Musk is talking to him about the possibility of contributing shares immediately or prior to the closing of the merger.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Computers/Internet; Politics
KEYWORDS:
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The new boss, NOT the same, as the old boss....
1 posted on 05/05/2022 7:43:28 AM PDT by shadowlands1960
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To: All

LOL
VIDEO: First Twitter all employee meeting with Elon Musk leaked
https://rumble.com/v12pq0l-first-twitter-all-employee-meeting-with-elon-musk-leaked.html


2 posted on 05/05/2022 7:46:23 AM PDT by janetjanet998
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To: shadowlands1960

Before or after the midterm elections?


3 posted on 05/05/2022 7:46:34 AM PDT by rightwingcrazy (;-,)
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To: shadowlands1960

Well, since the deal ain’t complete yet, all we know is what his comments lead us to believe. Once it’s complete, we’ll see what actually happens under his command.


4 posted on 05/05/2022 7:46:38 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: shadowlands1960

“Commitments range from $1 billion from Oracle co-founder Larry Ellison “

Larry is a big MAGA supporter.


5 posted on 05/05/2022 7:46:38 AM PDT by BiglyCommentary
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To: shadowlands1960

I can barely get $20 from my friends, he gets $7,000,000,000.


6 posted on 05/05/2022 7:46:51 AM PDT by EEGator
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To: shadowlands1960

Buh-bye, Parag. Don’t let the 1st Amendment hit you in the a** on your way out.


7 posted on 05/05/2022 7:47:09 AM PDT by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell)
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To: shadowlands1960

And the leftists scream, “AAAAAAAAAAAAHHHH”


8 posted on 05/05/2022 7:48:17 AM PDT by dangus (I had some sympathies for some of Russia's positions... until they started a G-d-damned war.)
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To: shadowlands1960

$7 billion from friends....Now that’s a vote of confidence. Do we get the list of names??


9 posted on 05/05/2022 7:48:22 AM PDT by Sacajaweau ( )
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To: BiglyCommentary

Larry had a brief spot in Ironman 2.


10 posted on 05/05/2022 7:50:30 AM PDT by EEGator
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To: shadowlands1960

Let the mass firings and resignations begin.

L


11 posted on 05/05/2022 7:50:56 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: EEGator

Do you remember about how far in the cameo was? I always loved the Stan Lee cameos.


12 posted on 05/05/2022 7:52:25 AM PDT by BiglyCommentary
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To: EEGator

Your tombstone:

“Here lies one who chose his friends poorly”

Lol


13 posted on 05/05/2022 7:54:09 AM PDT by BiglyCommentary
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To: BiglyCommentary

It’s towards the beginning. After he “opens” the Stark Expo, he’s leaving and the camera view is from Stark’s eyes.
It’s before he gets to the car where the hot redhead(Amy Adams) serves him the Congressional subpoena.


14 posted on 05/05/2022 7:54:57 AM PDT by EEGator
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To: rightwingcrazy

absolutely love the way EM is agitating the snowflakes at least once a week. If he is actually taking the CEO reins, the fear will grow palpable.

This is Trumpian-level fun.


15 posted on 05/05/2022 7:55:36 AM PDT by StAntKnee (Add your own danged sarc tag)
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To: BiglyCommentary

They’ll fight at the drop of a hat for you, no reason necessary.


16 posted on 05/05/2022 7:56:29 AM PDT by EEGator
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To: EEGator

“the hot redhead(Amy Adams)”

Woof. Just watched an older fun movie with the granddaughters called Enchanted where she plays a cartoon princess who gets sent to New York by a wicked step mother type.


17 posted on 05/05/2022 8:01:26 AM PDT by BiglyCommentary
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To: StAntKnee

This is Trumpian-level fun.

* * *

LOL, Agree!


18 posted on 05/05/2022 8:09:17 AM PDT by poconopundit (Hard oak fist in an Irish velvet glove: Kayleigh the Shillelagh we salute your work!)
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To: EEGator
I disagree.


19 posted on 05/05/2022 8:14:31 AM PDT by WMarshal (Neocons and leftists are the same species of vicious rat.)
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To: WMarshal

You think she’s ugly?


20 posted on 05/05/2022 8:18:27 AM PDT by EEGator
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