Elon Musk Reconsiders $44 Billion Acquisition of Twitter

Elon Musk will visit Twitter’s San Francisco Office this week, ahead of the expected closing of his deal with to buy the company. This was disclosed by Twitter’s CMO.

Twitter’s CMO wrote that Elon was in the SF office this Week meeting with people, walking the streets, and continuing to dig in on the important work that you all do. If you see Elon around SF, please say hello! This is only the beginning of many more meetings and conversations with Elon.

Berland stated that all Twitter employees will be able to hear directly from Elon Musk on Friday.

Elon Musk posted Wednesday a video in which he was seen entering Twitter’s headquarters with a sink. The deal to purchase the company is expected close by this weekend.

Musk has until Friday to either close his $44billion deal to purchase Twitter or face a trial. The closing of the deal would end the lengthy dispute over the acquisition. Musk had previously tried to leave but earlier this month agreed to continue with the terms originally agreed upon.

Musk will likely face many questions from employees nervous when he addresses Twitter’s workforce.

The Washington Post reported last week that Musk had told potential investors that he would cut 75% of his staff and that Twitter had already made plans for massive layoffs, even if the deal was not completed. According to Bloomberg, Twitter General Counsel Sean Edgett wrote a memo to employees saying that the company doesn’t have confirmation of the buyer’s plans. CNN was confirmed by a Twitter spokesperson that the memo is authentic.

Musk had discussed the possibility of Twitter’s workforce being drastically reduced in text messages to friends. The details were also revealed in court filings.

Twitter’s decision to go with Musk’s plan is a sign of a bright future. Musk has spent months criticizing Twitter’s management, questioning its worth, and changing his mind. This means that Musk’s contested claims, such as that Twitter was lying about the percentage of bots among its users, are unlikely to be examined in court.

Twitter shares dropped 0.6% in premarket trades after closing 22% higher at $52 yesterday.

Last of Us PC Bugs

The Last of Us Part I for PC: A Disappointing Launch Plagued with Bugs

By Andrea Kay | March 29, 2023

The highly anticipated release of The Last of Us Part I for PC has been met with disappointment as gamers encounter numerous bugs and…

SBF bribery FTX

FTX Co-Founder Sam Bankman-Fried Accused of Attempting to Bribe Chinese Officials

By Andrea Kay | March 29, 2023

FTX co-founder Sam Bankman-Fried, one of the most prominent figures in the cryptocurrency industry, has been accused of attempting to bribe Chinese officials in…

Silicone Valley Bank (SVB)

Silicon Valley Bank Failure Hearings: Lawmakers Grill Bank Regulators Over Collapse

By Andrea Kay | March 29, 2023

In a second hearing this week, lawmakers in the House of Representatives have taken the top bank regulators to task over the collapse of…

Josselyn Berry Former Gov. Hobbs Press Secretary

Josselyn Berry Resigns as Gov. Hobbs’ Press Secretary Following Controversial Tweet

By Andrea Kay | March 29, 2023

Phoenix, AZ – Governor Katie Hobbs’ press secretary, Josselyn Berry, has resigned from her position following a controversial tweet she posted in response to…

Herbert Hernandez

Manila’s Very Own Multi-Talented Musician and Ad Executive: Herbert Hernandez

By Andrea Kay | March 29, 2023

Herbert Hernandez, the renowned Filipino guitarist, and ad executive has made a name for himself in the Philippine music and advertising industries. With his…

The Freedom Era

The Freedom Era: Empowering Women Through Entrepreneurship Training

By Andrea Kay | March 25, 2023

The Freedom Era is a company dedicated to empowering women by providing entrepreneur training programs that help them achieve financial independence. With numerous positive…

The Benefits of Nearshoring Your Manufacturing

By Andrea Kay | March 23, 2023

If you sell goods, they have to come from somewhere. It doesn’t make sense for all companies to manufacture their goods in-house, which is…

Muscles You Shouldn’t Be Neglecting During Your Workouts

By Andrea Kay | March 23, 2023

You know regular physical activity is vital to your health. That can be a major motivator for working out. How well do you work…

Why Due Diligence is Critical Before Signing a Contract

By Andrea Kay | March 22, 2023

No matter how much you trust the other party, signing a contract is always a risk. That’s why due diligence is so important. With…