Elon Musk posted a cryptic tweet online, fuelling further speculation about his plans to buy Twitter. Here's what we know about the offer and what his mysterious tweet was really about.
Billionaire tech mogul Elon Musk has posted a cryptic tweet online which fuelled further speculation about his plans to buy Twitter.
On April 4, the billionaire acquired a 9.1 per cent stake in the platform, making him Twitter's largest shareholder. He was set to join the board, but later backflipped on the decision.In a regulatory filing, Musk said he believed the company couldn't be a "platform for free speech around the globe" without drastic changes.
Among them was American businessman Jeremy Padawer who joked that "there's always MySpace", while others suspected he was already selling his shares in the platform.Turns out, it was referring to Bill Gates In finance, "shorting" a stock refers to an investor profiting if the value of an asset fails. Musk was suggesting Gates had stocks that would profit if his electric vehicle company, Tesla, failed.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Puzzle over Elon Musk Twitter plan after cryptic ‘moving on’ tweetEnigmatic post from Tesla billionaire comes after he said he had $46.5bn in financing to fund possible hostile Twitter takeover
Read more »
Twitter ‘in takeover talks with Elon Musk’ after pressure from shareholdersCompany negotiating with Tesla CEO, say sources, after he wooed investors with details of his $43bn offer
Read more »
Twitter: Elon Musk says he’s ‘moving on … from making fun of Bill Gates’Tesla billionaire initially posted that he was ‘moving on’, prompting speculation about status of possible Twitter takeover
Read more »
Puzzle over Elon Musk Twitter plan after cryptic ‘moving on’ tweetEnigmatic post from Tesla billionaire comes after he said he had $46.5bn in financing to fund possible hostile Twitter takeover
Read more »
Twitter ‘in takeover talks with Elon Musk’ after pressure from shareholdersCompany negotiating with Tesla CEO, say sources, after he wooed investors with details of his $43bn offer
Read more »
Twitter: Elon Musk says he’s ‘moving on … from making fun of Bill Gates’Tesla billionaire initially posted that he was ‘moving on’, prompting speculation about status of possible Twitter takeover
Read more »