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Elon Musk expected to confirm desire to own Twitter in meeting Thursday - WSJ

Published 06/15/2022, 07:01 PM
Updated 06/15/2022, 09:45 PM
© Reuters. FILE PHOTO: Elon Musk's Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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(Reuters) -Elon Musk is expected to reiterate his desire to own Twitter Inc (NYSE:TWTR) when he speaks to the social-media company's employees on Thursday, the Wall Street Journal reported, citing a person familiar with the matter.

The head of electric car maker Tesla (NASDAQ:TSLA) Inc is likely to clarify recent comments about remote work and talk about his strategy for Twitter, including the role of advertising and subscriptions, according to the report https://on.wsj.com/3MPPfff published on Wednesday.

Twitter and Tesla did not immediately respond to a Reuters' request for comment outside regular business hours.

Musk, the world's richest person according to Forbes magazine, is trying to buy Twitter for $44 billion.

© Reuters. FILE PHOTO: Elon Musk's Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Earlier this month, Musk had said that Tesla employees were required to be in the office for a minimum of 40 hours per week, closing the door on any remote work. "If you don't show up, we will assume you have resigned," he said.

Twitter shares rose roughly 5% in post-market trading, after closing up 2% on Wednesday.

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