Tesla owner Elon Musk has recently bought Twitter with a whopping amount of $44 billion, however, this has also created a lot of stir and controversy over the buy. Daily Show host, Trevor Noah has pointed out, Twitter has been an important factor in quite political news headlines, like Former US President Donald Trump presidential campaign, Black Lives Matter, the #MeToo Movement. Now, with the control of the social media company in the hands of the richest person on earth, it surely has a lot of repercussions.
“but now as a private company, it’s just Elon Musk. Yeah, everything that happens on Twitter from now on is up to him – and also whatever strain his weed guy gives him that day.” said Trevor Noah
Before Musk, Jack Dorsey, the co – founder and ex CEO of Twitter, didn’t own the company. He only had two per cent of the shares, although he was still answerable to the board.
Noah also said in his show, that there is a buzz that billionaires can’t be charged tax on the shares they hold in a company, as you probably haven’t sold the shares. Elon Musk before buying Twitter, put his Tesla stocks on collateral, afterwards which Musk was going to international banks and private equity’s to borrow money so he can purchase as he doesn’t want to sell off his Tesla shares, which is something quite strange for a billionaire like Elon Musk.
