The social networking site seems to be struggling.
People are leaving the platform in large numbers. Key advertisers are no longer with us. The bills are getting bigger.
The company wants to get in touch with new investors. The manager for the family office of Musk reached out to potential investors this week.
The price for a piece of Birchall's shares is said to be $53.50. The same price was paid by Musk for the company in October.
He has made a number of changes since then. According to the New York Times, he's laid off a lot of workers and is considering not paying them any future pay.
In early December, Musk put up bedrooms in the company's San Francisco headquarters, seemingly supporting his plan to introduce a more "hardcore" culture at the company.
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