May 6, 2022

Elon Musk is expected to become temporary Twitter CEO.

According to a CNBC report, Elon Musk is expected to assume Twitter’s CEO role after the $44 billion deal closes. 

Sources close to the matter revealed that Musk could serve as Twitter CEO for a few months before appointing someone else.

Reuters reported last month that Musk had already lined up a CEO for the microblogging platform.

The tech billionaire has already secured $7.14 billion from investors to buy Twitter.

Binance put up $500 million to back Elon Musk’s $44 billion bid to acquire the bird app. 

Binance CEO Changpeng Zhao tweeted that they hope to play a role in bringing social media and web3 together.

Oracle co-founder Larry Ellison put up the largest investment of $1 billion to back Elon Musk’s Twitter bid.