Oct 31 - Tesla Inc boss Elon Musk said in a filing on Monday he will serve as chief executive of Twitter, the social media company he just bought for $44 billion , a move that Wall Street analysts have said could stretch the billionaire thin.
Tesla's stock has lost a third of its value since Musk made an offer to buy Twitter in April, compared with a 12 per cent decline in the benchmark S&P 500 index in the same period.Twitter on Monday declined comment on how long Musk might remain CEO or appoint someone else. "The following persons, who were directors of Twitter prior to the effective time of the merger, are no longer directors of Twitter: Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou," Musk said in the filing.
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Elon Musk, who runs four other companies, will now be Twitter CEOSAN FRANCISCO — Tesla boss Elon Musk said in a filing on Monday (Oct 31) he will serve as chief executive of Twitter, the social media company he just bought for US$44 billion (S$62 billion), a move that Wall Street analysts have said could stretch the billionaire thin.
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