Elon Musk Tweets That When He Takes Over Twitter The Board Will Get Paid $0

“So That’s ~$3M/Year Saved Right There”

Elon Musk’s efforts to takeover and restore Twitter to its free conversation origins continue to Rumble upon, with the billionaire tweeting that will once he is in charge the rest of the board will have their wages reduced to zero.

Musk messaged the response to investment consultant Gary Black, who noted that the primary reason Twitter board members voted towards Musk’s offer on the corporation is because they’d be away from cushty jobs that pay out them massive amounts regarding doing basically nothing.

The New You are able to Post suggests that Musk is moving his strategy and pursuing Twitter with “ a complex deal that boosts debt against both the firm and possibly his own stock, as well as a giant cash equity infusion from co-investors. ”

Citing sources near to Musk, the Post shows that he is planning to put in $10-$15 billion of his own money to take the company private, along with $20 billion from outdoors investors who will own more stock than Musk whilst ensuring he would remain since the largest shareholder.

The report also statements that Musk has employed Morgan Stanley to raise $10 billion in debt against Twitter “ in the manner of a conventional leveraged buyout. ”

The report more suggests that the co-investors “ will finance a aggressive tender offer directly to Tweets shareholders, ” and that “ Musk is planning to release the tender offer meant for Twitter in 10 days or so. ”

Musk seemed to confirm all this with this particular tweet:

Meanwhile, Musk commented on Netflix shares tanking by 20 percent, saying that the “ woke mind virus” is making the platform “ unwatchable. ”

Netflix reported a loss this weekt   of 200, 000 subscribers in the 1st quarter of the year, plus an expectation of losing a further 2 million subscribers in the second quarter, compelling shares of the company to plummet in after-hours investing by more than 20 percent.  

— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

ALERT! In the age of bulk Silicon Valley censorship It is vital that we stay in touch.

We need you to sign up for our free publication here .

Support our sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

Also, we urgently need your financial support here . — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

Leave a Reply

Your email address will not be published. Required fields are marked *