Elon Musk criticizes Twitter’s policy
New Delhi:
Elon Musk swung aboard Twitter today, a day after the company took a “poison pill” to guard against an takeover offer. “The salary on board will be $ 0 if my offer succeeds, so that’s ~ $ 3 million / year saved right there,” Musk tweeted in response to a user’s post criticizing the board.
Musk currently owns a 9.1% stake in Twitter and is the second largest shareholder in the social media company. Earlier this week, Tesla’s chief executive offered to buy the company for $ 43 billion.
Elon Musk, who describes himself as an “absolutist of free speech,” has criticized Twitter’s policies. On Thursday, he asked his 80 million followers on the microblogging platform if “accepting Twitter private at $ 54.20 should depend on shareholders, not the board.”
Later, Tesla’s CEO also tweeted “Love Me Tender,” a song by Elvis Presley, after Twitter chose a plan to sell shares at a discount to prevent any attempt by shareholders to accumulate a stake of more than 15%.
Musk tweeted several other product ideas after buying a Twitter share, from removing ads to an edit button. He also asked followers if the company’s headquarters should be turned into a homeless shelter.
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