Elon Musk is reportedly seeking investors for Twitter at $54.20 a share — the same price he paid for it
https://www.businessinsider.com/musk-seeking-investors-for-twitter-at-5420-a-share-2022-12?amp
EXCERPT:
Twitter appears to be struggling.
Users are leaving in the platform in droves. Key advertisers are disappearing. And the bills are piling up.
Now, the company is setting its sights on new investors. According to a report from Semafor, Jared Birchall, the manager for Elon Musk’s family office “reached out to potential investors this week.”
Birchall is apparently offering shares of Twitter to investors for the price of $54.20 a piece, Semafor reported. That’s the same price that Musk paid with his $44 billion takeover of the company in October.
Since then, he’s made a slew of changes like revamping Twitter Blue, the platform’s subscription tier. He’s laid off significant numbers of workers and is considering not paying severance, according to the New York Times. He’s tried to impose strict guidelines on working from the office.
In early December, Musk even erected bedrooms in the company’s San Francisco headquarters, seemingly backing his plan to introduce a more “hardcore” culture at Twitter that employees should be working long into the night.
Business Insider is the opposite of MAGA and not extremely truthful...grain of salt etc.
> Users are leaving in the platform in droves.
Lie. For every libtard that leaves exponentially more are joining or re-joining.
> Key advertisers are disappearing.
Some but not all.
> And the bills are piling up.
Well their salary expenses are WAY down.
-SB
Maybe if he included an nft. I might buy one.