Musk says there are still some unresolved issues with the Twitter deal

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DOHA: Elon Musk said there are still some unresolved issues with his Twitter deal, including the number of spam users on the system and the reconciliation of the debt part of the deal.
Musk, the richest person in the world according to Forbes magazine, has agreed to buy Twitter for $44 billion.
“We are still awaiting a resolution on this issue, and it is a very important issue,” he said, reiterating doubts over Twitter’s claims that fake or spam accounts made up less than 5% of its monetizable daily active users.
“And then of course there’s the question of whether the debt part of the cycle will come together? And then will shareholders vote in favour?”
Musk, who spoke at the Qatar Economic Forum hosted by Bloomberg, said of the economy: “As to whether there’s a short-term recession. I think it’s more likely than ‘unlikely.” “It’s not a certainty, but it seems more likely than not.”
He said that over the next three months, Tesla expects to see a 10% reduction in the hired workforce, resulting in a reduction of about 3.5% in the total workforce, changes which he described as “not super important”.
Musk told Tesla executives in a June 2 email seen by Reuters that he had a “very bad feeling” about the economy and that the company needed to cut its workforce by about 10% and ” suspend all hiring worldwide”.
He said Tesla plans to increase the number of hourly workers, but news website Eletrek previously reported that Tesla was also laying off hourly workers.



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