Unless you’ve been living deep in a cave for the past few days, you probably didn’t miss Elon Musk’s takeover of Twitter on Monday. The cost of the operation, which should, barring an accident, be completed during the year, amounts to 44 billion dollars.
Elon Musk promises to stop selling Tesla shares
Elon Musk may be the richest man in the world, but raising this sum is not easy. To go through with this acquisition, he plans to dip into his personal fortune and obtain help from financial partners.
And precisely, the big maneuvers may have already started this week. We thus learned that the CEO of Tesla sold 4.4 million shares of this company on Tuesday, according to regulatory filings registered by the SEC, the policeman of the American stock market. The total value of these sales is approximately $4 billion. Elon Musk has also promised that he will not give up more titles in the automaker.
No further TSLA sales planned after today
— Elon Musk (@elonmusk) April 29, 2022
If we do not know what this money could be used for, it will in any case not be enough to cover the amount needed to buy Twitter. Our colleagues from Techcrunch note all the same that 4 billion dollars could make it possible to pay the billion dollars of termination of the agreement to buy back the social network, if the operation fails.
In recent weeks, it seems very difficult to see clearly in the maneuvers of Elon Musk. As he works to acquire Twitter, the boss of SpaceX multiplies the provocations aimed at the platform and its current leaders.
Internally, his positions aiming to attenuate moderation are criticized, like this employee who declares, on condition of anonymity: ” But the idea of bringing more freedom of expression to the platform exposes its naivety when you dig a little deeper into the subject. Many platforms were founded on this principle of freedom of expression, but in reality they either become suffocating cesspools or realize that some level of moderation is necessary. “.