#twitter x elon musk

Elon Musk has withdrawn his USD 44 billion bid for Twitter. The team of Elon Musk, in a filing with the Securities and Exchange Commission, cites material breach of multiple provisions of the agreement, and false and misleading representations by Twitter. The filing says that Musk asked data about spam bots on Twitter for him to “make an independent assessment of the prevalence of fake or spam accounts on Twitter’s platform”. The team of Elon Musk says that the company failed to provide this specific information. E Elon Musk is obligated to pay USD 1 billion if he does not complete the acquisition of the company. Elon Musk has revealed that Twitter's cash flow still remains negative ever since he bought it last 2022, this is due to the fact that it has roughly seen a 50% drop in ad revenue along with a "heavy debt load". Elon Musk has appointed Linda Yaccarino, a former advertising chief at NBCUniversal, as the new CEO of Twitter to address the company's decline in ad revenue. [caption id="attachment_333833" align="alignnone" width="1280"] Photo/ Linda Yaccarino on Twitter[/caption] Musk repositions himself as Executive Chairman and Chief Technical Officer overseeing on product and software development and technological innovation. Read more in our articles including "Elon Musk withdraws USD 44 billion Twitter deal" and "Elon Musk reveals that Twitter remains cash flow negative as ad revenue drops 50%".