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
-
The Look Ahead: July 1, 2022
CNBC
-
Voyager Digital suspends withdrawals, as Three Arrows Capital files for bankruptcy
CNBC
-
State lawmakers push back against Big Tech
CNBC
-
Cornhole goes pro
CNBC
-
U.S. sends more long-range rockets to Ukraine, as Russia continues hitting civilian targets
CNBC
-
New hires want to work for companies that share their values
CNBC
-
Supply chain disruptions cause ongoing shortages nationwide
CNBC
-
Biden warns Republicans looking for nationwide abortion ban
CNBC
-
Cheney warns House Jan. 6 committee could seek criminal charges for witness tampering
CNBC
-
Inflation hits the holiday as food costs rise
CNBC
-
Airlines hope to avoid July 4th disaster
CNBC
-
Retail investors should exercise caution here, says crypto writer
CNBC
-
How the crypto collapse compares to the dotcom bubble
CNBC
-
Square's aura makes it seem bigger than it is, says Mizuho's Dan Dolev
CNBC
-
What else does Sam Bankman-Fried have up his sleeve?
CNBC
-
Three Arrows files for bankruptcy
CNBC