Musk has previously said he plans to get rid of Twitter’s board of directors compensation, which would save about $3 million. In addition, the businessman plans to create additional ways to monetize some messages on Twitter.
On April 25, the entrepreneur bought Twitter for $44 billion. Morgan Stanley bank agreed to provide him with a $12.5 billion margin loan secured by Tesla shares. Musk also planned to pay $21 billion in personal funds. At the same time, the largest private investment groups refused to give money to the billionaire to buy out the social network.