How Elon Musk's Twitter takeover plans shook Wall Street and social media
Elon Musk is known for using Twitter to hype everything from colonizing Mars to Tesla's autopilot features. Now, he's attempting to buy the underperforming social media network for $44 billion. The deal faces several obstacles, though. Musk now wants Twitter to prove a certain number of its users aren't bots, and there's the risk that the deal's financing scheme falls apart. Here's how Musk's bid for Twitter came together, how the social media company could change under his watch, and how the deal could still fall through.
UP NEXT
UP NEXT
-
Bluntzer: Oil prices at $80 or $90 a barrel would be the sweet spot for both the industry and consumers
CNBC
-
Abrdn: Fed policy is largely priced in, but negative earnings revisions have not been factored into the market
CNBC
-
Daniel Zhao: Despite a strong labor market, layoff concerns are surging
CNBC
-
Degas Wright's top stock picks: Veeva Systems, IBM, and Dow
CNBC
-
American Airlines pilots get triple pay for flights dropped in glitch
CNBC
-
Brian Sullivan's RBI: Breaking down RBC Capital's Best Ideas list
CNBC
-
Here are the key takeaways from the Fed's June meeting minutes
CNBC
-
Investment manager says a pound sterling/euro currency crisis could get ugly
CNBC
-
Conservative lawmaker says there is a way to expedite Boris Johnson's departure
CNBC
-
UK Prime Minister Boris Johnson expected to resign
CNBC
-
The Pre-Markets Rundown: July 7, 2022
CNBC
-
How artists are navigating the world of NFTs
CNBC
-
The creatives making art for the metaverse
CNBC
-
The largest private health care provider in UAE, NMC Healthcare, forms a new group
CNBC
-
Anthony Scaramucci 'very optimistic' about the U.S. economy and doesn’t see a recession happening
CNBC
-
Expect a weak iron ore market in the second half, says analyst
CNBC