Categories: Tech

Elon Musk to become CEO of Twitter (temporarily)

Elon Musk could be appointed CEO (CEO) from Twitter after closing his deal from 44 billion dollars to buy the company. This is what CNBC’s David Faber recently reported. The agreement temporary, which according to CNBC will happen shortly, would last “a few months,” the sources told the network. Let’s find out all the details together.

Will the new Twitter CEO be Elon Musk? Yes but for a little while

Once finished completely buying Twitter, it looks like Elon Musk will become its official CEO. Obviously it would be one temporary charge lasting a few months, as revealed by CNBC. Elon Musk was contacted by Insider for comment but has not yet responded.

The news follows the revelation of Musk who has secured a new equity loan of $ 7 billion for the acquisition, including 1 billion dollars from the co-founder of Oracle, Larry Ellison.

The current CEO of Twitter, Parag Agrawalwho has held the role since November, in an all-out meeting with staff last week, revealed to them that he had unspecified regrets on his time at the helm of the company. Agrawal in fact stated:

I wish we had acted differently, in many things. There are things I fundamentally disagree with. I wanted all of us, together, to change those things in the interest of improving, extending and making Twitter a better place for everyone in the world and for everyone in the world to use Twitter in the most appropriate way.

It also appears that Elon Musk is looking for additional funds to finance its purchase: in the last hours the Tesla CEO has indeed met Jack Dorsey. As revealed, the funds raised by Elon Musk will help him to reduce the margin loan obtained from 12.5 a 6.25 billion dollarsreducing the risks he personally took on the $ 44 billion offering.

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Walker Ronnie

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