Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Bill Gates Responds to Elon Musk's Twitter Takeover

Thu 05 May 2022 | 05:45 PM
Rana Atef

World-famed billionaire and Microsoft Co-Founder Bill Gates responded to Elon Musk's Twitter takeover, saying that the Tesla CEO could make things "worse" at the leading social media platform, CNBC reported on Thursday.

Being interviewed at the Wall Street Journal's Summitt, Wednesday, Gates pointed out that Musk's control over Twitter would drive him to change the policies of the social media firm, and this raises concerns over the emergence of misinformation on social media.

The famous billionaire expressed that Musk did great steps in the world of industry, business, and technology with his successful and "mind-blowing" projects such as Tesla and SpaceX.

Last week, Musk has sold 4.4 million shares of Tesla stock for around $4 billion, most likely to help fund his acquisition of Twitter.

The shares have been sold at prices ranging from US$872.02 (NZ$1300) to US$999.13 (NZ$1500) in recent days. The CEO of Tesla, the world’s richest man, tweeted that he had no plans to sell any more of the company’s stock.

The majority of the sales occurred on Tuesday, when Tesla shares fell 12 percent in a single day, a massive decrease. According to analysts, Tesla investors are concerned that Musk may become distracted by Twitter and less interested in operating the electric car company.