What did Twitter board decide about Musk’s buyout deal?

Musk appeared virtually yesterday at Qatar Economic Forum
What did Twitter board decide about Musk’s buyout deal?
Elon Musk speaking at Qatar Economic Forum in Doha

Twitter’s board of directors unanimously recommended shareholder approval of a proposed $44 billion sale offer submitted by U.S. billionaire Tesla CEO Elon Musk.

Yesterday, Musk appeared virtually at Qatar Economic Forum in Doha, speaking about his recent offer to acquire Twitter and Tesla job cuts.

Musk discussed the issues surrounding the social media platform, including the number of spam users on the system and the coming together of the debt portion of the deal.

The world’s richest person according to Forbes magazine, said there were still a few “unresolved matters” about Twitter, and he was still waiting for a resolution on the matter of how many bots are on the social media platform. “There is the question of, will the debt portion of the round come together and then will the shareholder’s vote in favor,” Musk added.

Tesla is reducing its salaried workforce roughly 10 percent over the next three months or so,” Musk said, reiterating plans revealed in an email earlier this month. “We expect to grow our hourly workforce. We grew very fast on the salaried side, grew a little too fast in some areas.”

But he also provided more clarity on the employee-reduction plans, saying the cuts will result in an overall reduction of some 3 percent to 3.5 percent in total headcount at Tesla, as hourly staff numbers are still expected to grow, Musk said.