Twitter Acquisition Set To Close by Elon Musk Today
Today Elon Musk is set to take the helm and start to turn the struggling social media company around.
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Elon Musk Has A New Platform - Twitter
Today is the day that the Twitter acquisition by Elon Musk is set to close. A new leader is set to take the helm and try to turn the struggling social media company around. Leading up to this point, there has been a lot of turmoil, angst, discourse, and volatility. However, over the last few weeks, Twitter’s stock price has almost reached the price of $54.20/share, which was Musk’s initial takeover price starting back in April.
Regarding some of the volatility leading up to this point, last week, it was uncovered that Elon Musk planned to cut roughly 75% of the existing Twitter staff after closing the acquisition. Obviously, that struck a chord with the Twitter staff, so they sent Elon Musk an open letter. In the letter, the staff asks that Musk preserve the full headcount after the deal closes, and not discriminate against them based on their political affiliation.
