Twitter’s board was close to a deal to sell the company to Elon Musk at his offer price of $54.20 a share, or $43 billion, multiple outlets reported Monday morning. Bloomberg and Reuters both reported that a deal could be reached later Monday. Under an agreement being negotiated, Twitter would be able to accept another offer if one emerged by paying Musk a breakup fee, Reuters reported. Such a...
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Linda Yaccarino May Have the Toughest CEO Job
Here’s a question: How long can someone stay as CEO of a company when the owner of that company is publicly repudiating what they’re saying? Take Linda Yaccarino, CEO of X, previously known as Twitter. On Wednesday, Elon Musk confirmed a report in The Information about layoffs at X’s election integrity team—Musk even went further than what we reported, saying the team was “gone.” Yet in an...
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