Twitter’s billionaire owner Elon Musk has reportedly promised the banks which helped fund his $44 billion acquisition of the social media company that he’ll crack down on executive and board pay, and develop new tools to monetize tweets.
In his pitch to the banks, the SpaceX founder noted that Twitter’s gross margin is much lower than that of peers such as Meta’s Facebook or Pinterest, three people familiar with the matter were quoted as saying by Reuters.
Musk reportedly said the company could be run in a more cost-efficient way. He is reportedly planning features to expand business revenue, including new ways to make money out of tweets that contain important information or go viral.
Russia has celebrated the 79th anniversary of victory over Nazi Germany in World War II…
The Russian military has seized two settlements in Kharkov Region and Donbass from Ukrainian forces,…
AstraZeneca pharmaceutical company has announced the withdrawal of its Covid-19 vaccine from global markets, claiming…
A video documenting the destruction of a NATO-supplied tank in Ukrainian service appeared on Russian…
Russian President Vladimir Putin has officially been sworn into office for a fifth term. In…
Moscow will retaliate against British targets in Ukraine or elsewhere if Kiev uses UK-provided missiles…