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Eccentric billionaire Elon Musk plans to strip Twitter’s board of administrators of their pay, minimize govt stipends, and generate income off unusual tweets, based on Reuters. Musk made the guarantees to banks earlier than they helped again his $44 billion acquisition of the social media platform on April 21. Reuters sources say the guarantees are extra visionary than strong, nevertheless it was sufficient to safe $13 billion and $12.5 billion in loans. The remainder of the hefty price ticket for Twitter will come out of his personal pocket. Musk beforehand tweeted that chopping board pay would save the corporate round $3 million a yr. Musk will assume possession of Twitter in late 2022 if the deal is accomplished.
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