The US government is concerned about the presence of foreign investors, among them the Saudi prince Al-Walid ben Talal and the sovereign wealth fund of Qatar in the consortium with which Musk obtained more than $7 billion in May to finance his operation.
Bloomberg indicates that this national security analysis could be directed by the Committee on Foreign Investments in the United States (CFIUS), chaired by the Treasury Department.
“In accordance with the law and its practices, the CFIUS does not publicly comment on the transactions that it may or may not examine,” a Treasury spokesman told AFP.
Thursday, The Washington Post revealed that Musk plans to lay off almost 75% of Twitter’s 7,500 employees if he manages to buy the platform.
“Twitter is long overdue for cost cuts due to lack of growth,” Wedbush’s Dan Ives said.
But for the analyst, firing three quarters of the workforce would be “too aggressive” And it would hurt the company.
Twitter was also hit by the results of the social network Snapchat published on Thursday for its third quarter.
The platform had the lowest revenue per user since the beginning of 2021, a sign of the difficulties of technology firms to generate advertising revenue. Snap, parent of Snapchat, collapsed almost 30%
Source: Ambito
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