Twitter: Elon Musk uses personal funds to buy the social network

The soap opera continues. Elon Musk increased the amount directly contributed by the entrepreneur and his partners to the takeover of Twitter to $33.5 billion, further reducing the amount borrowed from banks. Announcement that delighted investors: Shares of the Blue Bird group rose more than 5% on Wednesday evening in trading after the Wall Street close.

Tesla’s chief executive, who originally signed up for $25.5 billion in loans, has reduced those loans to $13 billion, according to a filing filed on Wednesday by the US Markets Authority (SEC), greatly easing his financial burden.

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