Filing says Elon Musk to borrow less in Twitter bid


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When users are faced with having to pay for something that they previously didn't, then they will probably exit and head elsewhere

The fact that people spend time on Twitter in the first place doesn't say much for people.

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Musk has been courting major Twitter investors including co-founder Jack Dorsey in the hope of getting them to partner with him in taking the San Francisco-based company private.

Jack Dorsey just resigned as CEO of Twitter and interestingly he also resigned his position on their Board of Directors. It is normal for a former CEO to remain a board member for years, even more than a decade, after stepping down as CEO. There is speculation that he was forced out because one of Twitter's major investors Elliot Management thought Mr. Dorsey's performance as CEO was inadequate and was able to document this. There was fear, or so the story goes, that if he remained on the Board of Directors he would find a way to engineer his way back into the CEO suite. So a question to ask is would Mr. Dorsey be willing to put up his own money to team with Elon Musk to buy his company and take it private so he could once again run it?

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