Qatar Investment Authority Backs Elon Musk Amid Twitter Turmoil
- Publish date: Monday، 16 January 2023 | Last update: Tuesday، 17 January 2023
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Even after the chaos that has surrounded the US billionaire's takeover, Elon Musk's vision for Twitter Inc. is supported by the sovereign wealth fund, according to the chief executive officer of the Qatar Investment Authority.
CEO Mansoor Al Mahmoud stated during a Bloomberg Television interview on Monday at Davos, “We engage with the management, with Elon in terms of the plan that he has for the company, and we believe in this, and we trust his leadership in terms of turning around the company.”
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Since the fund isn't involved "to that extent," the executive claimed that the QIA hasn't requested that the Twitter CEO limit his tweeting.
With a $375 million contribution to the $44 billion purchase, the QIA assisted in financing the acquisition of Twitter. Concerns about Twitter's ability to maintain operations and regulate content have been raised as a result of the acquisition, which has caused a mass resignation of employees as Musk seeks to reduce expenses.
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