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Investment Adviser Rejects Elon Musk as Possible Twitter CEO

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Elon Musk
06
May

Market News

    • Investment Adviser Gary Black tweets his disapproval of Elon Musk being Twitter CEO.
    • Black states that Musk already has his hands full with his other companies.
    • In response, the Twitter community shows support for Musk’s capability to change the social media platform.

On May 5, SEC-Registered Investment Adviser Gary Black tweeted his disapproval of Elon Musk being Twitter’s CEO. In detail, he cites his reasons being that Musk already has his hands full running Tesla and SpaceX. As a result, Musk won’t be able to give appropriate attention to running Twitter.

In a follow-up tweet, Black suggests that Musk should instead look for a CEO who shares his vision about Twitter. Somebody willing to work, knows the business, and can fix Twitter’s culture. Otherwise, Black comments that Musk being CEO would just be like the second iteration of Jack Dorsey.

While Elon could certainly do it, he’s already got a 24/7 job. It would be like [Jack Dorsey] Act II.

In response to the tweet, the crypto community mostly disagreed with Black’s sentiments. Users lifted Musk up  and praised his skillset and vision – claiming that he was the man for the job. The Twitter community showed solidarity with Musk and placed their trust in him.

Gary Black’s tweet is in response to rumors that Elon Musk is to be Twitter’s temporary CEO after his takeover. This news came after Musk’s SEC filing that revealed he had secured $7.14 billion from equity commitments. Musk requires $21 billion in financing commitments to fund the purchase.

According to the SEC filing, there were 18 companies helping fund Elon’s takeover. Among these companies are Binance, VyCapital, Sequoia Capital Fund, and Lawrence J. Ellison Revocable Trust. These companies have provided the top contributions for the current $7.14 billion collected for Musk’s offer.

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