Even for Mr. Musk, who is worth perfectly north of $two hundred billion, that’s a lot of money to think of. Nearly all of his wealth is tied up in Tesla inventory, and one among the most obvious means to boost The cash could well be to provide some of Those people shares.
SpaceX has since effectively sent many rockets into Area and securely landed them once again in the world. But Mr. Musk has returned to his preferred stick, tweeting very last year that if a “serious world-wide economic downturn” have been to dry up cash, individual bankruptcy at the rocket maker was “not unattainable.”
On October 31, X shut down Circles, the much-beloved characteristic that allowed people to submit to a little, exclusive audience comparable to Instagram’s Near Close friends. It continues to be unclear why Circles was sunsetted a tiny bit in excess of a calendar year soon after its August 2022 start.
Musk in 2018 asserting he had “secured” more than enough cash to get Tesla non-public. It had been afterwards discovered that he had only experienced preliminary conversations with buyers. The S.E.C. sued him for fraud.
It's unclear how Mr Musk intends to make money within the platform, but he has suggested in interviews and tweets that he intends to loosen the constraints all around what might be stated on Twitter.
The U.S. person foundation has been flat or down every month because November 2022, the 1st whole month of Musk’s proudly owning the application, and in overall it’s down 23% considering the fact that then, Sensor Tower reported.
Mr. Musk, who didn't reply to a request for comment, advised employees in a meeting on Thursday that Twitter’s condition was grim.
Setting up these days, we’re testing a new software (Not A Bot) in New Zealand plus the Philippines. New, unverified accounts are going to be essential to enroll in a $one yearly subscription to be able to write-up & interact with other posts. In this examination, existing end users usually are not impacted.
When Elon Musk laid out the financing for his bid to buy Twitter, he promised to put up $21 billion in money.
Agrawal explained to personnel that that is a thing they need to ask Elon Musk and explained, “after the deal closes, We'll understand what direction the platform will go.”
Elon Musk explained in an announcement Monday that he would like to make Twitter "better than at website any time" subsequent the announcement that his bid to obtain the business was accepted.
They parked them selves while in the “war place,” on the next floor of a making hooked up to Twitter’s headquarters. The realm, which Twitter used to fete big-shelling out advertisers and dignitaries, was stocked with enterprise memorabilia.
Musk confirmed the shift to roll out a new approach to Exhibit news hyperlinks without any headline or description in a very publish, expressing the shift was coming “right” from him. The modify would “enormously improve the aesthetics,” he claimed.
Those people Twitter executives “experienced good interactions Together with the senior-most of the people for the Fortune five hundred — they had been incredibly transparent and inclusive,” mentioned Lou Paskalis, a longtime promotion executive. “People points engender large belief, and people items are actually in dilemma.”