Elon Musk Attends A Twitter Meeting With Employees

On Thursday, Elon Musk attended a Twitter ($TWTR, NYSE) meeting with employees in which he addressed concerns as well as his vision for the future of the social media giant.

In this meeting, Musk specifically mentioned that some of his goals included allowing users of Twitter to tweet “pretty outrageous things,” but the platform does not have to promote, or give the tweets any reach.

He also addressed concerns about how “The company needs to get healthy. Right now, costs exceed revenue. That’s not a great situation.”

Musk, the CEO of electric vehicle Tesla ($TSLA, NASDAQ) and space exploration company SpaceX, was approved by the Twitter board to purchase Twitter in a blockbuster deal on April 25. It has not been smooth sailing since then, however, as Musk has threatened to pull out of the deal multiple times over his concerns about the company’s platform, specifically the number of bots/non-humans on the site.

This meeting occurred on the same day that Musk, Tesla, and SpaceX were sued for an alleged Dogecoin ($DOGE) pyramid scheme (you can read about that here).

Price Action: At the time of publication, shares of Twitter were trading at $37.42, down 1.50% on the day.

Tesla’s stock price was at $635.51, down 9.17% on the day.

Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.