‘Chief Twit’: Elon Musk updates Twitter bio as bid to purchase social media large nears shut

The curious antics come as Musk, the CEO of Tesla and the world’s richest particular person, strikes nearer to finalizing a protracted deal that can give him management of Twitter, and switch the corporate right into a privately held enterprise.

Musk has advised co-investors that he plans to shut the $44 billion deal to accumulate the social networking web site by Friday, a supply accustomed to the matter advised Reuters this week.

After providing to purchase Twitter in April in order that customers can publish what they need with out restriction—following the platform’s determination to ban former President Donald Trump in concern of additional incitement of violence after the Capitol riot—Musk’s proposal was met with some resistance. 

However ultimately his bid was accepted. That’s when he determined he needed to again out of the deal due to the variety of “bot” accounts on the platform, which Musk says Twitter didn’t accurately report. In an try and power him to maintain his finish of the deal, Twitter sued Musk—main a decide to rule that he had till Oct. 28 to buy the social media platform. 

And it appears to be like like that might be taking place forward of the decide’s deadline. Not solely did he change his Twitter bio, however Musk simply posted a video of himself at Twitter’s headquarters—and it appears to be like like he’s already shifting issues round. Within the video, he’s recorded holding what appears to be like like a sink, paired along with his caption to the publish: “Getting into Twitter HQ – let that sink in!” 

A number of hours earlier, Musk tweeted that “a phenomenal factor about Twitter is the way it empowers citizen journalism—persons are in a position to disseminate information with out an institution bias.” 

So he’s not simply signaling that he’s set to maneuver ahead and maintain up his finish of the deal, he’s additionally reaffirming his reasoning behind shopping for Twitter within the first place. 

However what comes subsequent remains to be unsure. If his deal closes, because it’s this level, Musk might be planning to put off 75% of Twitter’s workers. He’s reportedly spoken to potential traders about decreasing the corporate’s headcount to 2,000 staff from its present 7,500, in keeping with the Washington Put up. 

Twitter’s inventory is up 1.33% in anticipation of Musk lastly closing the deal.