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Elon Musk Visits Twitter Headquarters Before $44B Acquisition

source-logo  coinculture.com 29 October 2022 04:25, UTC

A video uploaded by Elon Musk shows the Tesla and SpaceX CEO carrying what seems to be a bathroom sink as he enters Twitter’s headquarters. The millionaire updated his Twitter bio to include the phrase “Chief Twit.”

Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7

— Elon Musk (@elonmusk) October 26, 2022

Bloomberg claimed that Musk stated in a video chat with bankers that the $44 billion takeover agreement would finish this Friday.

After attempting to back out of the transaction in July and being sued by Twitter, Musk switched his position last month, declaring that he wanted to proceed with the acquisition.

Musk tweeted in May that “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted in May.

This week, Twitter’s internal study indicated that the social media site is struggling to retain its most active users, who account for 90% of all tweets and 50% of its global revenue.

Musk tweeted on Wednesday, “A beautiful thing about Twitter is how it empowers citizen journalism – people are able to disseminate news without an establishment bias.”

coinculture.com