• About
  • Contact
  • Advertise
Friday, January 27, 2023
  • Login
No Result
View All Result
NEWSLETTER
The US Inquirer
  • Home
  • Politics
  • Tech
    Snapchat to lay off more than 1,200 staffers, or 20% of global employees

    Snapchat to lay off more than 1,200 staffers, or 20% of global employees

    Apple Car Leaks Highlight Price, Design, Material, Game-Changing Feature And Launch Window

    Apple Car Leaks Highlight Price, Design, Material, Game-Changing Feature And Launch Window

    SpaceX Capsule Splashes Down, Bringing 4 Astronauts Home From 6-month Mission

    SpaceX Capsule Splashes Down, Bringing 4 Astronauts Home From 6-month Mission

    Elon Musk expected to serve as temporary Twitter CEO after deal closes

    Elon Musk expected to serve as temporary Twitter CEO after deal closes

    Instagram is testing fullscreen feed for Reels

    Instagram is testing fullscreen feed for Reels

    Google will now remove your phone number and other info from search results. Here’s how to do it.

    Google will now remove your phone number and other info from search results. Here’s how to do it.

    Trending Tags

  • Business
  • World
  • Sports
  • Science
  • Entertainment
    • All
    • Movies
    • Music
    Q&A: A look at $1.9B Powerball jackpot, how it grew so large

    Q&A: A look at $1.9B Powerball jackpot, how it grew so large

    Local creator “Insyde” showing love to Oklahoma City

    Local creator “Insyde” showing love to Oklahoma City

    ‘Gladiator’ actor Russell Crowe feted in Rome

    ‘Gladiator’ actor Russell Crowe feted in Rome

    Ralph Lauren draws A-list Hollywood crowd for sumptuous show

    Ralph Lauren draws A-list Hollywood crowd for sumptuous show

    Johnny Depp calls ex-wife Amber Heard’s allegations “unbelievably brutal, cruel, and all false” in return to stand in libel trial

    Johnny Depp calls ex-wife Amber Heard’s allegations “unbelievably brutal, cruel, and all false” in return to stand in libel trial

    TV star Joshua Duggar sentenced to 12 years in child porn case

    TV star Joshua Duggar sentenced to 12 years in child porn case

    Surgeon testifies Johnny Depp’s hand injury was likely not from a thrown bottle

    Surgeon testifies Johnny Depp’s hand injury was likely not from a thrown bottle

    Post Malone is expecting a child with girlfriend

    Post Malone is expecting a child with girlfriend

    “American Idol” winner Laine Hardy arrested in Louisiana for allegedly placing recording device in ex-girlfriend’s room

    “American Idol” winner Laine Hardy arrested in Louisiana for allegedly placing recording device in ex-girlfriend’s room

  • Lifestyle
    • All
    • Health
    • Travel
    Alcohol death toll is growing, US government reports say

    Alcohol death toll is growing, US government reports say

    One legacy of COVID-19: More cash for Americans in need

    One legacy of COVID-19: More cash for Americans in need

    U.K. “Partygate” probe reveals details of illegal, booze-fueled parties at PM Boris Johnson’s house during COVID lockdown

    U.K. “Partygate” probe reveals details of illegal, booze-fueled parties at PM Boris Johnson’s house during COVID lockdown

    FDA chief struggles to explain its slow response on baby formula

    FDA chief struggles to explain its slow response on baby formula

    Military plane carrying 39 tons of baby formula arrives in U.S.

    Military plane carrying 39 tons of baby formula arrives in U.S.

    She sat next to the annoying guy on the plane. Then they fell in love

    She sat next to the annoying guy on the plane. Then they fell in love

    White House warns COVID could infect 100 million this winter

    White House warns COVID could infect 100 million this winter

    WHO Members To Consider Shutting Europe Hub Office In Russia Over Ukraine

    WHO Members To Consider Shutting Europe Hub Office In Russia Over Ukraine

    FDA could authorize COVID vaccine for children 5 and under, and Novavax vaccine, this June

    FDA could authorize COVID vaccine for children 5 and under, and Novavax vaccine, this June

    Colorado inmate tests positive for avian flu, health officials say

    Colorado inmate tests positive for avian flu, health officials say

    Trending Tags

  • Opinion
  • Home
  • Politics
  • Tech
    Snapchat to lay off more than 1,200 staffers, or 20% of global employees

    Snapchat to lay off more than 1,200 staffers, or 20% of global employees

    Apple Car Leaks Highlight Price, Design, Material, Game-Changing Feature And Launch Window

    Apple Car Leaks Highlight Price, Design, Material, Game-Changing Feature And Launch Window

    SpaceX Capsule Splashes Down, Bringing 4 Astronauts Home From 6-month Mission

    SpaceX Capsule Splashes Down, Bringing 4 Astronauts Home From 6-month Mission

    Elon Musk expected to serve as temporary Twitter CEO after deal closes

    Elon Musk expected to serve as temporary Twitter CEO after deal closes

    Instagram is testing fullscreen feed for Reels

    Instagram is testing fullscreen feed for Reels

    Google will now remove your phone number and other info from search results. Here’s how to do it.

    Google will now remove your phone number and other info from search results. Here’s how to do it.

    Trending Tags

  • Business
  • World
  • Sports
  • Science
  • Entertainment
    • All
    • Movies
    • Music
    Q&A: A look at $1.9B Powerball jackpot, how it grew so large

    Q&A: A look at $1.9B Powerball jackpot, how it grew so large

    Local creator “Insyde” showing love to Oklahoma City

    Local creator “Insyde” showing love to Oklahoma City

    ‘Gladiator’ actor Russell Crowe feted in Rome

    ‘Gladiator’ actor Russell Crowe feted in Rome

    Ralph Lauren draws A-list Hollywood crowd for sumptuous show

    Ralph Lauren draws A-list Hollywood crowd for sumptuous show

    Johnny Depp calls ex-wife Amber Heard’s allegations “unbelievably brutal, cruel, and all false” in return to stand in libel trial

    Johnny Depp calls ex-wife Amber Heard’s allegations “unbelievably brutal, cruel, and all false” in return to stand in libel trial

    TV star Joshua Duggar sentenced to 12 years in child porn case

    TV star Joshua Duggar sentenced to 12 years in child porn case

    Surgeon testifies Johnny Depp’s hand injury was likely not from a thrown bottle

    Surgeon testifies Johnny Depp’s hand injury was likely not from a thrown bottle

    Post Malone is expecting a child with girlfriend

    Post Malone is expecting a child with girlfriend

    “American Idol” winner Laine Hardy arrested in Louisiana for allegedly placing recording device in ex-girlfriend’s room

    “American Idol” winner Laine Hardy arrested in Louisiana for allegedly placing recording device in ex-girlfriend’s room

  • Lifestyle
    • All
    • Health
    • Travel
    Alcohol death toll is growing, US government reports say

    Alcohol death toll is growing, US government reports say

    One legacy of COVID-19: More cash for Americans in need

    One legacy of COVID-19: More cash for Americans in need

    U.K. “Partygate” probe reveals details of illegal, booze-fueled parties at PM Boris Johnson’s house during COVID lockdown

    U.K. “Partygate” probe reveals details of illegal, booze-fueled parties at PM Boris Johnson’s house during COVID lockdown

    FDA chief struggles to explain its slow response on baby formula

    FDA chief struggles to explain its slow response on baby formula

    Military plane carrying 39 tons of baby formula arrives in U.S.

    Military plane carrying 39 tons of baby formula arrives in U.S.

    She sat next to the annoying guy on the plane. Then they fell in love

    She sat next to the annoying guy on the plane. Then they fell in love

    White House warns COVID could infect 100 million this winter

    White House warns COVID could infect 100 million this winter

    WHO Members To Consider Shutting Europe Hub Office In Russia Over Ukraine

    WHO Members To Consider Shutting Europe Hub Office In Russia Over Ukraine

    FDA could authorize COVID vaccine for children 5 and under, and Novavax vaccine, this June

    FDA could authorize COVID vaccine for children 5 and under, and Novavax vaccine, this June

    Colorado inmate tests positive for avian flu, health officials say

    Colorado inmate tests positive for avian flu, health officials say

    Trending Tags

  • Opinion
No Result
View All Result
The US Inquirer
No Result
View All Result
Home Business

Elon Musk expected to serve as temporary Twitter CEO after deal closes

by Associated Press
May 5, 2022
in Business, Tech
Reading Time: 2 mins read
A A
Elon Musk expected to serve as temporary Twitter CEO after deal closes

Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company, sources told CNBC’s David Faber.

An SEC filing on Thursday revealed Musk secured approximately $7.14 billion in equity commitments from friends and other investors to buy Twitter. Faber said Musk handpicked the investors, ranging from $1 billion from Oracle co-founder Larry Ellison to $5 million from Honeycomb Asset Management, which invested in SpaceX. Faber added that Twitter co-founder Jack Dorsey may back it, and Musk is talking to him about the possibility of contributing shares immediately or prior to closing of the merger.

Twitter CEO Parag Agrawal has only led the company for a few months, after taking over the helm from Dorsey last November. Until now, there hadn’t been much discussion about whether Musk’s takeover of the company would lead to a leadership shakeup. Last month, Reuters reported Musk had lined up a new CEO for Twitter, citing a source familiar with the matter.

Agrawal told employees during a company-wide town hall meeting last month that the future of Twitter is uncertain under Musk, according to a separate Reuters report.

“Once the deal closes, we don’t know which direction the platform will go,” Agrawal reportedly said when asked whether the company may allow former U.S. President Donald Trump to return to the platform when Musk takes over. Trump was permanently suspended from Twitter last year.

Musk’s acquisition of Twitter comes at a key time for the company. Agrawal has said he would focus on growing Twitter’s daily active user base and bringing new products to customers. In the company’s latest earnings report, Twitter said it hit 229 million monetizable daily active users, a 15.9% increase from the same period last year.

Musk has recently led presentations in front of investors, where he gave financial projections based off of his analysis of Twitter, according to sources familiar with the situation.

The Tesla CEO told investors that he felt Twitter’s EBITDA margin was too low and the company has “too many engineers not doing enough,” Faber said, citing sources familiar. Musk also pledged to make the company a “magnet for talent,” Faber added.

Shares of Twitter climbed as much as 3% on Thursday morning. Tesla’s stock slid more than 2%.

Share4Tweet3Share1

Associated Press

The Associated Press is an independent global news organization dedicated to factual reporting. AP syndicates content across hundreds of news websites.

Next Post
“This is a poisoning:” Federal government and advocates seek new ways to combat drug overdose crisis

"This is a poisoning:" Federal government and advocates seek new ways to combat drug overdose crisis

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Daily news in your inbox!

Recent News

  • Oath Keepers boss guilty of seditious conspiracy in 1/6 case
  • Senate to vote on landmark bill to protect same-sex marriage
  • Virginia Walmart mass shooting survivor files $50M lawsuit
  • Twitter ends enforcement of COVID misinformation policy
  • Shapiro to take office with mandate from Pennsylvania voters
Twitter Facebook Instagram TikTok Youtube

About The US Inquirer

The US Inquirer is a national newspaper based in Oklahoma that brings you breaking nationwide news on politics and domestic events.

Categories

  • Business
  • Crime
  • Education
  • Entertainment
  • Health
  • Movies
  • Music
  • National
  • Newspaper Updates
  • Politics
  • Science
  • Social Media
  • Sports
  • Tech
  • Tennis
  • Travel
  • Weather
  • World

Menu

  • Privacy Policy
  • About
  • News Team
  • Contact
  • Advertise
  • Newspaper Updates
  • ISSN: 2832-0522

© 2022 The US Inquirer - Statewide Breaking News

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movies
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2022 The US Inquirer - Statewide Breaking News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In