Musk's email highlighted that despite X's influence in shaping national conversations, its financial performance has not met expectations.
After his $44 billion Twitter takeover in 2022, Elon Musk sent in loyalists and company executives to see whether existing employees were value for money.
Vine, Twitter's short form video service, was closed in 2016
The banks that committed to fund Musk’s buyout of Twitter have finished putting together the final debt financing agreement and are in the process of signing the necessary documents, according to a Bloomberg News report.
The new financing, which could come in the form of preferred or common equity, could reduce the $21 billion cash contribution that Musk has committed to the deal as well as a margin loan he secured against his Tesla shares.
Elon Musk, the world’s richest person, said this past week that he would pay roughly $44 billion to take Twitter private.
With his deal to take over Twitter, Musk’s ties to China are about to get even more fraught.
This week Google's Pixel Watch prototype leaks online, we put the Realme GT 2 Pro and the Samsung Galaxy A53 through their paces, Sony confirms prices of revamped PlayStation Plus in India, Musk buys Twitter and Snapchat founder Evan Spiegel is not a metaverse convert
Few know what goes in the mind of Elon Musk but the richest man on the planet didn't have money on his mind when he bought Twitter. So what was it? Join former Twitter India head Manish Maheshwari in conversation with Sonal Mehrotra Kapoor to find out.
Was the Twitter grab an impulsive buy or a well thought out plan? Why was the over 9% stake not enough for Elon Musk? Is the management on board? The good, the bad, and the ugly of Elon Musk's Twitter takeover decoded by Sonal Mehrotra Kapoor