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The initially proposed $13 billion in money borrowed by Twitter was equivalent to seven times the company's 2022 projected operating cash flow; some banks found that multiple too risky and opted to participate only in the $12.5 billion margin loan to Musk. [32]
Musk's money manager wrote to investors that in recent weeks the family office had received "numerous inbound requests to invest in Twitter." [ 102 ] [ 103 ] The Wall Street Journal reported in January 2023 that talks had been held to raise up to $3 billion to pay down some of the $13 billion in bank debt incurred in the deal, which includes a ...
Elon Musk completed his acquisition of Twitter in October 2022; Musk acted as CEO of Twitter until June 2023 when he was succeeded by Linda Yaccarino.In a move that, despite Yaccarino's accession, was widely attributed to Musk, [1] [2] Twitter was rebranded to X on July 23, 2023, [3] and its domain name changed from twitter.com to x.com on May 17, 2024.
Last month, fellow WalletPop blogger Aaron Crowe interviewed the CEO of Izea on how he pays bloggers to tout the wares of advertisers. Now Izea plans to move its controversial marketing onto Twitter.
Many tech and finance experts are talking about ChatGPT and how it is revolutionizing content creation. But can you actually use ChatGPT, or another AI tool, to make money on social media? You can ...
Analysis of the event revealed that the scammers had used social engineering to obtain credentials from Twitter employees to access an administration tool used by Twitter to view and change these accounts' personal details as to gain access as part of a "smash and grab" attempt to make money quickly, with an estimated US$120,000 in bitcoin ...
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Musk does not receive a salary from Tesla; he agreed with the board in 2018 to a compensation plan that ties his personal earnings to Tesla's valuation and revenue. [8] The deal stipulated that Musk only received the compensation if Tesla reached certain market values. [19] It was the largest such deal ever done between a CEO and a company ...