1 year ago
89 Muhammed Selim Korkutata | Anadolu Agency | Getty Images
Twitter's caller proprietor Elon Musk, who is besides CEO of electrical conveyance shaper Tesla and U.S. defence contractor SpaceX, told employees of the societal media concern connected Thursday that helium precocious sold shares of Tesla to "save Twitter."
He made the remarks during an all-hands gathering that helium hosted successful portion to motivate Twitter employees who stay aft sweeping layoffs to enactment hard. Musk fto spell of astir fractional of Twitter employees pursuing his acquisition of the institution for $44 billion, oregon $54.20 per share.
As CNBC antecedently reported, to concern his information of that take-private deal, past week Musk sold astatine slightest different $3.95 billion worth of Tesla stock. According to filings with the Securities and Exchange Commission published Tuesday, the batch of shares helium conscionable sold amounted to 19.5 cardinal much shares of Tesla.
Earlier this year, helium besides sold implicit $8 cardinal worthy of Tesla banal successful April and astir $7 cardinal worthy successful August.
Musk has brought successful employees from Tesla, including dozens of Autopilot engineers, to assistance with codification reappraisal and different enactment astatine Twitter on with friends, fiscal backers and deputies from different companies that helium has co-founded.
Among different things, Musk wants Twitter to make fractional of its gross from Twitter Blue subscribers, and to go little reliant connected advertizing revenue.
