Elon Musk: If I can buy Twitter, I will pay the entire Board of Directors 0 USD (NEW)


The Twitter board is like "sitting on a fire".

Elon Musk just made a statement likened a "punch" to Twitter's board today - a day after the social network applied a "poison dose" strategy to protect himself from the risk acquired by Elon Musk.


Specifically, Musk said on Twitter that: "The salary of the board of directors will be 0 USD if I successfully acquire Twitter. Thus, every year the company saves nearly 3 million USD." Notably, this statement was tweeted by Musk in response to a user's post criticizing the Twitter board.

Musk currently holds a 9.1% stake in Twitter and is the social media company's largest shareholder. Earlier this week, the Tesla executive offered to buy the entire company for $43 billion.



Elon Musk, a self-described "liberalist," has criticized Twitter's policies. On Thursday, he asked his 80 million followers on the platform whether "taking Twitter private for $54.20 should depend on shareholders, not the board." .


Since announcing he wants to take over Twitter, Elon Musk has made a lot of shocking plans. Notably, he proposed an extremely mythical idea: Turn Twitter's headquarters in downtown San Francisco into a home for the homeless.


The tweet was later deleted, but is still considered an "excessive sarcasm" to the city of San Francisco, which is already grappling with a homelessness crisis, while Twitter employees be told you may have to work remotely forever after COVID-19. Therefore, the headquarters building is encouraged by Musk to be for lonely people without a home, and that "this place is empty and uninhabited anyway".


According to Bloomberg, there is no indication that Twitter will convert its office into a home for the homeless, and even if it wanted to, the social networking site wouldn't be able to. In the past, converting vacant offices into housing units in major cities like San Francisco was seen as an effective way to solve supply bottlenecks as well as repurpose unused malls.


According to Dan Sider, director of the San Francisco Department of Planning, Twitter can completely convert its office into permanent affordable housing from a management perspective, but the process will be relatively complicated. Meanwhile, housing the homeless, he said, was "quite simple".


According to Dan Sider, director of the San Francisco Department of Planning, Twitter can completely convert its office into permanent affordable housing from a management perspective, but the process will be relatively complicated. Meanwhile, housing the homeless, he said, was "quite simple".


However, considering the political or financial motivations, it is difficult for Twitter to implement this proposal, especially when the leader of the famous social networking site begins to reuse the headquarters building for other purposes. job purpose.


However, if Musk successfully acquires Twitter for $43 billion, the above scenario is entirely possible. Furthermore, given that the total homeless population is more than 9,800 people at the end of 2019 and the office vacancy rate is up to 22.6% by the end of 2021, it is perhaps not so ridiculous that Musk posits his idea. this idea.


It is still unclear what Elon Musk intends to buy when he wants to buy Twitter. However, in his announcement, Musk said that the acquisition option was "the best and the last".


Source: BIEN


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