SpaceX and Tesla founder Elon Musk has warned that after he buys Twitter, the requirements for the service will increase.
This was reported by the media with reference to the statement of the entrepreneur on social networks. “The requirements for professional ethics will be extreme, but (this is ed.) Much less than I demand of myself,” he wrote. On April 25, it became known that Elon Musk bought Twitter for $ 44 billion. The businessman began to select partners to purchase the social network and continued to negotiate with potential co-investors.
The Orlando, Florida Police Pension Fund has filed a lawsuit against the businessman, because under the law of this state, Musk in the current situation has no right to complete the Twitter agreement within three years (il 2025unt). However, it could happen if owners of two-thirds of the company’s shares, including financial conglomerate Morgan Stanley (8.8%) and social network founder Jack Dorsey (2.4%), approve the acquisition. By law, the deal must be postponed because Musk owns more than 9% of Twitter (9.2%), which legally makes the entrepreneur an “interested shareholder.”