Elon Musk is putting his ideas into action after acquiring Twitter for $44 billion. Tesla CEO Elon Musk has told banks that he intends to reduce compensation for board members and executives in order to get finance for the purchase. According to insiders, Musk also proposed ideas for monetizing tweets.
According to Reuters, Musk made the pitch to financiers just days after presenting his offer on Twitter on April 14. On April 21, his disclosure of bank pledges played a significant influence in the Twitter Board’s approval of his bid.
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