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First with the News

Elon Musk Visits Twitter Headquarters, Set To Finalise $44bn Deal

October 27, 2022
in Top Stories, World
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Elon Musk Reclaims Title As World's Richest Person

Elon Musk

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By Enyichukwu Enemanna

The founder of Tesla and SpaceX, Elon Musk on Wednesday visited the San Francisco headquarters of the social media giant, Twitter with a kitchen sink in hand.

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South Africa: Afreximbank Maps Out $8bn Infrastructure Funding

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Musk is expected to finalise a $44 billion deal for the social media platform Friday afternoon where he will also address the staff of the company.

Twitter’s chief marketing officer, Leslie Berland had sent a memo to employees Wednesday saying that Musk was visiting the company.

Shortly after Berland sent out the message, Musk posted a Twitter video of him inside the company’s San Francisco offices with the sink.

“Entering Twitter HQ — let that sink in!” Musk wrote, as he also changed his bio on the social media site to read “Chief Twit.”

Musk previously told prospective investors that he planned to cut Twitter’s staff by some 75%, shrinking it from 7,500 to a little more than 2,000. Even without the takeover, Twitter had talked about trimming $800 million from payroll by the end of 2023.

The relationship between Musk and the social media site took its final turn earlier this month when Musk submitted a new bid to purchase the company.

Twitter had taken Musk to court to mandate him to seal a deal to purchase the company after he initially backed out of it.

Musk accused the company officials of withholding information from him about the number of fake accounts.

Twitter rejected the allegation that it has refused to provide information about the phony accounts.

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