Elon Musk will address Twitter employees for the first time at a virtual all-hands meeting later today, during which he’ll field questions from the company he’s in the process of buying, per CEO Parag Agwal.
💰🐦 Let's back up... In late April, Twitter agreed to Musk’s proposal to take the company private at $54.20 per share (aka $44 billion) after he declined their offer for a board seat.
📸 The big picture: Musk has said in tweets, regulatory filings and interviews that he would make a number of changes to Twitter upon buying it, including offering longer character limits, creating an edit button, and reversing all permanent user bans (including the one on former President Trump).
📉 All three major US indexes fell significantly yesterday, with the S&P entering a bear market for the first time since the early days of the pandemic; a bear market is defined as a 20% loss from a recent high, which occurred on January 4 for the S&P.
🍹 This year, for the first time ever, Americans will spend more money on tequila and mezcal than US-made whiskeys.
🚗 Uber recently released its sixth annual Lost & Found Index… and as an Austin-based company, we feel quite seen.
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