Elon Musk expected to confirm desire to own Twitter in meeting Thursday – WSJ

Elon Musk’s Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

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June 15 (Reuters) – Elon Musk is expected to reiterate his desire to own Twitter Inc (TWTR.N) when he speaks to the social-media company’s employees on Thursday, the Wall Street Journal reported, citing a person familiar with the matter.

The head of electric car maker Tesla Inc (TSLA.O) is likely to clarify recent comments about remote work and talk about his strategy for Twitter, including the role of advertising and subscriptions, according to the report published on Wednesday.

Twitter and Tesla did not immediately respond to a Reuters’ request for comment outside regular business hours.

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Musk, the world’s richest person according to Forbes magazine, is trying to buy Twitter for $44 billion.

Earlier this month, Musk had said that Tesla employees were required to be in the office for a minimum of 40 hours per week, closing the door on any remote work. “If you don’t show up, we will assume you have resigned,” he said. read more

Twitter shares rose 5% in post-market roughly trading, after closing up 2% on Wednesday.

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Reporting by Akriti Sharma in Bengaluru; Editing by Maju Samuel and Rashmi Aich

Our Standards: The Thomson Reuters Trust Principles.


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