Sunday, June 23, 2024

It’s far from clear how Elon Musk can afford to fund his Twitter acquisition

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Funding is not yet secured. Elon Musk has promised to raise $21 billion of equity to pay for Twitter, but it’s increasingly difficult to see where that money is going to come from. Why it matters: Twitter shares are trading at a 10% discount to Musk’s agreed …
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PHOTO: Elderly Man Decapitated by NYC Truck Was Alleged Former Mobster ‘Tony Cakes’

An elderly man who was killed on June 12 when a truck accidentally hit him at a Brooklyn crosswalk...
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