Elon Musk and Twitter has been the the talk of the town from the silicon valley and it seems things are only going to get interesting. Musk has already made it clear several times that he isn’t happy how twitter is operated by the board members, so when an opportunity came to take them down he didn’t flinch.
A user named Gary Black posted a criticism against the Twitter board members for taking a salary of around $300k annually and mentioning the fact that if Elon Musk had its way then they wont be holding these lucrative jobs.
Let me point out something obvious: If @elonmusk takes $TWTR private, the TWTR board members don’t have jobs any more, which pays them $250K-$300K per year for what is a nice part-time job. That could explain a lot. pic.twitter.com/vLgpEZpapA
— Gary Black (@garyblack00) April 17, 2022
Elon Musk replied under his tweet that he would rather save 3 million dollars and not pay a single penny to them if his bid is successful.
Earlier the electric car tech billionaire bought the largest individual stake of twitter stock at 9.2% and after few days offered to buy twitter at $43 billion. Elon is on a role to change the company entirely especially regarding its free speech stance where both Musk and Twitter see an eye to an eye. Elon wants to make this company completely private.
He has also shown his interest towards the bot scams on twitter recently in a ted talk. He wants to complete eliminate the crypto bots and post scams from the social media platform and assured that this is his biggest priority. He added in the TED Talk that if he had one Dogecoin for each of the crypto scams he saw, he would have about 100 billion Dogecoins.
Now since twitter has been in news lately because of musk the markets have also reacted accordingly. Twitter shares are up by 4 per cent at $46.85, which by the way is still below Musk’s offer of $54.20 per share. Musk disclosed his stake in Twitter in the beginning of the April month. Since then the company’s shares have increased by 15 percent. These are expected to increase further.
