Investment Adviser Rejects Elon Musk as Possible Twitter CEO -Breaking
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© Reuters. An Investment Advisor Rejects Elon Musk’s Potential Twitter Chief Executive- Gary Black, an Investment Advisor, tweets his disgust at Elon Musk becoming Twitter’s CEO (NYSE:).
- Black states Musk has enough to do with all his other businesses.
- In response, the Twitter community shows support for Musk’s capability to change the social media platform.
On May 5, SEC-Registered Investment Adviser Gary Black tweeted his disapproval of Elon Musk being Twitter’s CEO. He explains that Musk has too many responsibilities running SpaceX (NASDAQ:) Tesla. As a result, Musk won’t be able to give appropriate attention to running Twitter.
I’ll say it: I don’t like @elonmusk running $TWTR temporarily when the deal closes. Elon is a complete time worker and running $TSLA +SpaceX can be a stressful job. Finding a skilled and driven $TWTR CEO for SV is easier than monetizing TWTR or fixing its culture.
— Gary Black (@garyblack00) May 5, 2022
Black responded to Black’s tweet by suggesting that Musk look elsewhere for a CEO who believes in the vision of Twitter. Somebody willing to work, knows the business, and can fix Twitter’s culture. Black’s comments about Musk becoming CEO are akin to Jack Dorsey being the second version.
While Elon could certainly do it, he’s already got a 24/7 job. Imagine what it would look like [Jack Dorsey]Act II.
In response to the tweet, the crypto community mostly disagreed with Black’s sentiments. Users lifted Musk up and praised his skillset and vision – claiming that he was the man for the job. Musk was supported by the Twitter community who placed trust in him.
Gary Black’s tweet is in response to rumors that Elon Musk is to be Twitter’s temporary CEO after his takeover. This news came after Musk’s SEC filing that revealed he had secured $7.14 billion from equity commitments. Musk needs $21 billion to finance the purchase.
According to the SEC filing, there were 18 companies helping fund Elon’s takeover. VyCapital and Sequoia Capital Fund are just a few of the companies that contributed to Elon’s takeover. These companies have provided the top contributions for the current $7.14 billion collected for Musk’s offer.
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