Pretty sure that loud noise you heard last night was the celebrity CEO and his Dr. Evil laugh.

He will be back for more.

He just wants everything to be under his terms.

He knows the board will wait too long before implementing a poison pill.

Elon Musk

Twitter

Twitter Has a Big Elon Musk Problem

The billionaire has become the largest shareholder of the microblogging website.

Twitter (TWTR) – Get Twitter, Inc. Report is in an uncomfortable situation at the wrong time.

The microblogging site is in a race against time to increase its monetizable users and increase its revenue.

The platform, which is under pressure from activist fund Elliott Management, has promised to reach 315 million average monetizable daily active usage — its measurement for advertisers – and $7.5 billion or more revenue by the end of 2023.

Revenue in 2021 was $5.08 billion.

In fourth-quarter 2021 mDAU grew 13% to 217 million. MDAU refers to users who come to Twitter every day and use the platform and applications, where they may be exposed to advertising.

Less than two years before the deadline, the social network is facing an even bigger problem. The most worrying is that Twitter can do nothing since the firm does not hold all the cars.

The big issue in question is Elon Musk.

The billionaire is one of the most influential voices on the microblogging website.

But above all, he recently became the largest shareholder, with a 9.2% stake in Twitter, according to regulatory documents he filed on April 4 and April 5 with the Securities and Exchange Commission.

Twitter and Musk then reached an agreement under which the tech tycoon agreed not to hold more than 14.9% of the firm before 2024.

In exchange, he obtained a seat on the board of directors on April 9. – Source


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