Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk reportedly doesn’t plan to cut Twitter Inc (NYSE:TWTR) staff by 75% after he takes over the social media company.
Musk told employees about his plans during a visit to Twitter’s San Francisco headquarters on Wednesday, reported Bloomberg, citing people familiar with the matter.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
He spent the afternoon meeting employees and many questions were reportedly put to him, including from a Washington Post report that he plans to lay off 75% of the staff.
Musk said he didn’t know where that number came from and denied such plans. However, he did not explicitly rule out layoffs, according to Bloomberg.
On Wednesday, Musk tweeted a video of him carrying a sink into Twitter’s San Francisco headquarters.
The billionaire tweeted that he “met a lot of cool people” at Twitter HQ during his visit.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Meeting a lot of cool people at Twitter today!
— Elon Musk (@elonmusk) October 26, 2022
See Also: Best Technology Shares Right Now
Why It Matters: Musk was given Friday as a deadline by Delaware Court of Chancery Judge Kathaleen McCormick to close the Twitter deal.
Musk is likely to spend the week in Twitter’s headquarters and will speak to the company’s staff directly on Friday.
At the beginning of the month, Musk renewed his offer to purchase Twitter for $54.20 per share.
Price Action: On Wednesday, Twitter shares closed 1.2% higher at $53.42 in the regular session and gained 0.9% in the after-hours trading, according to data from Benzinga Pro.
Read Next: Tesla Falls Under Criminal Investigation As Elon Musk Enters Twitter Headquarters
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.