Elon Musk visits Twitter headquarters with a sink

Ahead of the weekend deadline to close the company’s takeover deal, Elon Musk visited Twitter headquarters and posted a video of himself holding a sink in the company’s San Francisco lobby. ! He tweeted on Wednesday. Musk also changed his Twitter profile to call himself “Chief Twit” and also changed his position as Twitter headquarters. The court had Musk sign a deal to take over the company by Friday, which will put an end to months of chaos afterward. The billionaire agreed to scam the social network and then attempted to withdraw. Twitter confirmed to the Associated Press that Musk’s video tweets were genuine, but would not comment further, Reuters reported this week that Musk had notified investors involved in the deal that it planned to close the acquisition by Friday’s deadline. The deal was keeping the funding promised about six months ago. A group of banks, including Morgan Stanley and Bank of America, signed earlier this year a loan of $12.5 billion of the funds Musk needed to buy and take Twitter private. Since April, economic and debt markets have made conditions less attractive. Musk says his own investment group will buy his Twitter for more than it’s worth. Musk’s temptation to acquire Twitter appears to have begun in late March. At that time, Twitter reached out to members of its board, including co-founder Jack Dorsey, saying they were interested in buying stock and joining the board, making Twitter private or launching a competitor. It became the largest shareholder by acquiring a 9% stake worth about $3 billion, and Twitter initially offered Musk a seat on the board. But six days later, CEO Parag Agrawal tweeted that Musk would eventually not join the board. When Musk agreed to take over Twitter, he injected 420 marijuana into his price of $54.20 per share. He sold about $15 billion of Tesla stock to finance the acquisition, and then promised billions of dollars more from a diverse group of investors, including Silicon Valley giants like Oracle co-founder Larry Ellison. Musk, who publicly criticized one of Twitter’s top lawyers for the confusion and demoralization, particularly in content arbitration decisions since Musk, said in July that the company was not straightforward about the issue of fake accounts, which he called “spam bots.” He made a sudden change of course, claiming that he was giving up the bid. “Twitter has sued Musk in a Delaware state court to end the deal, accusing him of devising an excuse to cover up a buyer’s remorse. Meanwhile, if Musk takes over, he plans to fire 75% of Twitter’s employees. As the news spread, the company’s morale appears to be waning, according to a report compiled by Punks and Pinstripes, an invitation-only business membership network by Greg Larkin and Elizabeth Gafford, about 530 employees have left the company in the past three months, a figure reflecting a 60% increase in the number of employees leaving the company in the last quarter, of which nearly 30% worked at Google or Meta, Business Insider reports. has worked for other companies like Pinterest, LinkedIn, and TikTok.”The bottom line here is that the uncertainty created by the fight between Elon Musk and Twitter is driving top talent to other social media platforms. Where can these people go? You have a choice,” Larkin told Business Insider.
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