Three people familiar with the matter said that Elon Musk told banks that agreed to help finance his takeover of Twitter that he might cut costs for the company’s board of directors and executives as part of efforts to cut costs and find new ways to monetize tweets.
The sources added that Musk presented his proposals to the lenders when trying to secure the acquisition amount through loans, days following he submitted the offer to Twitter on April 14.
Musk’s submission of the bank commitments on April 21 was crucial to Twitter’s board of directors accepting the offer, which he described as “the best and final.”
Musk had to convince the banks that Twitter might generate enough cash flow to pay the installments and interest on the debt he was seeking.
In the end, he secured $13 billion in loans secured by Twitter and another $12.5 billion once morest his Tesla shares and agreed to pay the rest of the deal out of his own money.
The sources said that Musk’s proposals to the banks constituted his vision more than they are firm commitments, and that the extent of the expenditure cuts that he will seek once he owns Twitter is still unknown. The sources indicated that the plan presented to the banks did not include many details. The sources asked not to be named because the matter is confidential. A representative for Musk declined to comment.
And Bloomberg News reported, Thursday, that Musk specifically mentioned the issue of job cuts in the framework of his proposals to banks, and one of the sources told “Archyde.com” that Musk will not make a decision on laying off employees until he actually takes ownership of the company this year. Musk went ahead with the takeover without having access to confidential details regarding the company’s financial performance and the number of its employees.
The sources added that Musk told the banks that he also intends to create new tools to grow the company’s revenues, including new ways to make money from tweets that contain important information or spread widely.
One of his ideas is to charge a fee when a website wants to quote or relay a tweet following it has been posted by well-known individuals or organizations.
(Archyde.com)
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Elon Musk
Donald Trump back and Bill Gates ousted: the intox around Twitter, bought by Elon Musk
written by Alexandra Hartman Editor-in-Chief
Published on : 28/04/2022 – 21:52
After the takeover of the social network Twitter by billionaire Elon Musk, some Internet users claim that Donald Trump’s account would have been reactivated and Bill Gates’ account suspended, which is false. Less than two months before the legislative elections in France, a video claims to show arrangements by French deputies to camouflage their absenteeism. Except that the video in question was shot in the Ukrainian parliament several years ago.
Amber Heard Never Loved Elon Musk, According To Friend Who Testified At Trial
written by Alexandra Hartman Editor-in-Chief
Written in CELEBRITIES the 27/4/2022 · 22:40 hs
Amber Heard allegedly he would have confessed to his friend/agent Christian Carino that he never loved Elon Musk and that he even tried to reconcile with Johnny Depp following your divorce and restraining orders.
This Wednesday, his former agent appeared in court through a pre-recorded witness. Cute He is a very famous agent in Hollywood, representing the likes of Justin Bieber, Reese Witherspoon and Lady Gaga, with whom he was engaged a few years ago.
Apparently Carino worked with Heard but ended up becoming friends with Johnny Depp and was a representative of both. On the other hand, Depp’s lawyer took advantage of the questions to ask Carino how the abuse allegations affected his career.
Carino revealed that the accusations did cost him important roles such as “Pirates of the Caribbean 6.”
Depp is seeking $50 million in damages from his ex-wife as he denies he was a victim of domestic violence and swears it permanently affected his career.
React to Musk’s comment about accounts that buy fake Twitter followers and that he will “buy” Coca-Cola
written by Alexandra Hartman Editor-in-Chief
Dubai, United Arab Emirates (CNN) – Elon Musk, CEO of Tesla, the electric car giant, sparked an interaction among activists on social media, following he made a comment regarding buying Twitter accounts for fake followers to increase influence.
Hey @elonmusk, as long as your digging, check into how @nytimes @forbes etc., bought their Twitter followers to fake influence.
NY Times has 53 million “followers” and rarely gets 50 RT’s.
I might post a ???? emoji and a pic of a 80’s sitcom star and get more. (See next tweet.)
Dave Rubin’s account owner tweeted: “(Elon Musk) As long as you’re mining, check how[The New York Times][Forbes]etc… are buying their Twitter followers to fake influence..[The New York Times]has 53 million.” Followers’ Rarely gets 50 (Retweets) I can post an emoji and a picture of an 80s sitcom star and get more. (See next Tweet).”
Musk responds, “Yeah, I noticed that too. Very strange.”
In a separate tweet, McCask sparked a wide interaction with a tweet in which he said: “Then I will buy Coca-Coca-Cola to return the cocaine to it.” The tweet gained more than 1.7 million likes less than 4 hours following its publication.