[ad_1]
Elon Musk is expected to serve as interim CEO of Twitter for several months after completing his $ 44 billion social network acquisition.
Musk reportedly secured about $ 7.14 billion from friends and other investors to buy Twitter, reports cnbc.
Twitter CEO Parag Agrawal has been running the company for only a few months after taking over from Dorsey. So far, there has not been much discussion as to whether taking over the company from Musk would lead to a change of leadership. Last month, Reuters reported that Musk had set up a new CEO for Twitter, citing a source familiar with the matter.
Agrawal told employees during a meeting that Twitter’s future is uncertain under Muskin, according to a separate Reuters report.
The acquisition of Twitter by Musk comes at a crucial moment for the company. Agrawal has said it will focus on growing its daily active Twitter user base and bringing new products to customers.
Musk, who is the CEO of Tesla and SpaceX, recently gave presentations to investors, where he gave financial projections based on his Twitter analysis.
Twitter shares rose as much as 3 percent on Thursday morning. Tesla shares fell more than 6 percent.
top channel
[ad_2]
Source link
