Elon Musk to Slash Twitter Government Pay, Monetize Tweets

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Eccentric billionaire Elon Musk plans to strip Twitter’s board of administrators of their pay, reduce govt stipends, and earn money off extraordinary tweets, based on Reuters. Musk made the guarantees to banks earlier than they helped again his $44 billion acquisition of the social media platform on April 21. Reuters sources say the guarantees are extra visionary than stable, but it surely was sufficient to safe $13 billion and $12.5 billion in loans. The remainder of the hefty price ticket for Twitter will come out of his personal pocket. Musk beforehand tweeted that reducing board pay would save the corporate round $3 million a 12 months. Musk will assume possession of Twitter in late 2022 if the deal is accomplished.

Learn it at Reuters

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