Birchall wrote in an email to investors: “Over recent weeks we’ve received numerous inbound requests to invest in Twitter. Accordingly, we are pleased to announce a follow-on equity offering for common shares at the original price and terms, targeting a year-end close.”
Ross Gerber, a Tesla investor who claims to have invested less than $1 million in Musk’s Twitter takeover, confirmed that he was contacted on Thursday about another funding round at the $44 billion valuation. Gerber said that he’s considering it but wants to get a clearer idea of Musk’s plan for the site. “One could argue he has created value or destroyed value at Twitter. It’s hard to tell at this point,” he said.
Twitter took on $13 billion in debt as part of the Musk takeover deal, which will carry annual interest payments of around $1 billion. This is more money than the company’s profits since 2019, and that was before many advertisers: “The way finance works now is that things are valuable not based on their cash flows but on their proximity to Elon Musk.
Caution
Is that why he was hanging out with Saudi sheiks during the World Cup? Gonna make MBS the new CEO of Twitter?
It seems cutting off groomers' and pedos' child exploitation upsets more people than first realised. This is nothing about their concerns for freedom of speech.
If elonmusk needs based people who aren't going to cancel him for being normal, he might have to go to Asia (Japan, India, etc) Corporate America/Europe are completely subverted by the CCP via neoliberalism, & are geopolitically de facto aligned with & building world communism
He said he would do this. Wants max amount of investors allowed to stay private. He disrupted twitter and will get his money out now. Your welcome.
Has anyone noticed the full press attack on Musk from CBS, NBC, ABC, Wapo, NYT, Drudge ceased a few hours ago? If one was cynical you might think there is something up.
Who thinks they threatened Musk?
Never hurts to have more investors!
Sell tweety to Trump
Elon said before purchasing once Twitter 2.0 is completed he would like to take it public. Also someone else to be CEO. He would most likely be Chairman not running the dsy-to-day.
I'm in!