Jack Dorsey just saved Elon Musk about $1 billion by rolling over his shares of Twitter into a stake in the new private company
Dorsey agreed to rollover his remaining 2.4% stake in the company he co-founded to Musk's new holding company for Twitter, X Holdings I Inc., according to a
with the SEC. The value of Dorsey's roughly 18 million shares is a little over $1 billion, according to the filing. That represents money that Musk did not have to come up with to acquire the company. in Musk's takeover of Twitter, he had yet to confirm any plans to do so or rollover his shares. According to the filing, Dorsey agreed to the rollover back in April, when Musk signed the merger agreement with Twitter.
Musk is already at work remaking Twitter. He has ordered immediate changes to the platform's verification process, with an aim to turning it into a revenue-generating part of Twitter's business, and wants to see
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Elon Musk has reportedly ordered layoffs across Twitter | EngadgetElon Musk has ordered company-wide layoffs at Twitter, according to The New York Times..
Leer más »
Elon Musk reportedly ordered company-wide layoffs at TwitterElon Musk reportedly ordered company-wide layoffs at Twitter days after acquiring the social media platform.
Leer más »
Elon Musk takes over Twitter but where will he go from here?Elon Musk has taken control of Twitter after a protracted legal battle and months of uncertainty.
Leer más »
Dogecoin Surpasses Cardano After Massive 60% SpikeThe price of Dogecoin (DOGE) is on a roll following Tesla CEO Elon Musk’s much-anticipated Twitter acquisition
Leer más »