Musk told banks he will rein in Twitter pay, make money from tweets — sources

Billionaire has tweeted about eliminating the salaries of Twitter's board directors

01 May 2022 - 00:00
By Krystal Hu and Anirban Sen

Elon Musk told banks that agreed to help fund his $44bn (R699bn) acquisition of Twitter that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets, three people familiar with the matter said.

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