After months of receiving bad news, Elon Musk has just had good news
- Tram Ho
The director of the Qatar Investment Authority, a state-owned investment fund of the oil-rich Middle Eastern country, announced his support for Elon Musk’s strategic vision with Twitter despite the turmoil that followed the takeover.
“We share management’s vision with Elon Musk on his plans for Twitter. We believe in this and believe in his leadership in turning the company around,” CEO Mansoor Al Mahmoud told Bloomberg.
However, the leader of Qatar’s state investment fund said that they did not ask the Twitter CEO to cut staff because they did not interfere in the business’s operations to this extent.
Qatar’s state investment fund helped fund Elon Musk’s Twitter acquisition. They contributed $375 million to this $44 billion deal. The change of hands to Twitter led to mass layoffs, starting a chain of layoffs in the global technology sector. However, the chaotic takeover also raised questions about Twitter’s future and how the social network stopped fake news from spreading.
Source : Genk