Entrepreneur Elon Musk, the world’s richest man who is worth more than a quarter of a trillion dollars, appears to have slightly shifted his strategy in his attempt to buyout Twitter and take the company private, according to a new report.
As Elon Musk, CEO of SpaceX and Tesla, is seeking to buy Twitter, he announced that if his bid succeeds and he takes over ownership of the social media giant, board members will not be paid anything.
Former Twitter CEO and co-founder Jack Dorsey slammed the company’s board of directors in a tweet over the weekend which comes as entrepreneur Elon Musk, the world’s richest man, offered $43 billion to buy the company outright last week.
As Twitter desperately tries to fend off his hostile takeover bid, Elon Musk could be facing another potential battle with the federal government, with both the Securities And Exchange Commission (SEC) and the Department of Justice reportedly poised to launch an investigation targeting him.
Fox Business reporter Charles Gasparino said Thursday that as Elon Musk offered to buy Twitter, a legal source told his network that the Securities and Exchange Commission and the Department of Justice launched what he described as a "joint investigation" into a "myriad of Musk regulatory issues primarily involving Tesla."
The Libs of Tik Tok Twitter account, which posts videos of leftists spouting radical musings, was slapped with another suspension not long after Twitter reinstated it from a prior suspension.
