Business / Tech Dec 21, 2022
Elon Musk to step down as Twitter CEO ... in due time
In a tweet, billionaire Elon Musk said he plans to retain control over the company’s engineering teams.
In a tweet, billionaire Elon Musk said he plans to retain control over the company’s engineering teams.
After months of public acrimony and accusations, talks between the two sides have turned cordial and are focused on closing the transaction rather than litigation, according to one source.
Behind the scenes, Twitter’s lawyers raced to verify Musk’s renewed affinity for the deal, checking whether he had indeed asked lenders for the money they had earlier committed.
South Korean e-commerce giant Coupang Inc. rose 41% in its trading debut after delivering the biggest U.S. initial public offering since Uber Technologies Inc.