Musk to Attend Twitter Staff Q&A Meet for First Time Since Launching Bid

In this file photo taken on April 26, 2022, the Twitter logo is seen at their headquarters in downtown San Francisco, California. (AFP)
In this file photo taken on April 26, 2022, the Twitter logo is seen at their headquarters in downtown San Francisco, California. (AFP)
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Musk to Attend Twitter Staff Q&A Meet for First Time Since Launching Bid

In this file photo taken on April 26, 2022, the Twitter logo is seen at their headquarters in downtown San Francisco, California. (AFP)
In this file photo taken on April 26, 2022, the Twitter logo is seen at their headquarters in downtown San Francisco, California. (AFP)

Elon Musk will speak to Twitter Inc employees this week for the first time since launching his $44 billion bid in April, a source said on Monday, citing an email from Twitter Chief Executive Parag Agrawal to staff.

The meeting is scheduled for Thursday, and Musk will take questions directly from Twitter employees, the source added.

The news, first reported by Business Insider, comes after Twitter said last week that it anticipated a shareholder vote on the sale by early August.

A Twitter spokesperson confirmed that Musk would attend the company all-hands meeting this week.

Earlier this month, Musk warned Twitter that he might walk away from his deal to acquire Twitter if it fails to provide the data on spam and fake accounts that he seeks.

Back in April, during an all-hands meeting with employees, Agrawal was seen quelling employee anger where employees demanded answers to how managers planned to handle an anticipated mass exodus prompted by Musk.



EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
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EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo

The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said.

The program, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative clean and digital technologies.

The EIB, the biggest multilateral lender in the world with a balance sheet total of 556 billion euros, expects its own 70 bln euros to mobilize a further 250 billion euros of private cash as investors crowd into projects supported by the EIB, Reuters quoted EU officials as saying.

The 70 billion is to be split into 20 billion euros for equity and quasi-equity, 40 billion euros for loans and 10 billion for guarantees in 2025-2027, the officials said.

The plan is to complement European Commission efforts to support higher risk ventures and innovative companies throughout their investment journey, from proof of concept to an initial public offering.

The EIB wants to focus on supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries such as offshore wind, health, security and defense technologies, robotics and advanced materials, the officials said.