In a surprising turn of events, Elon Musk came to the rescue of his longtime friend and Oracle co-founder, Larry Ellison, when Ellison found himself locked out of his X (formerly Twitter) account due to a forgotten password. This act of friendship unfolded as Ellison pledged a whopping $1 billion towards Musk's ambitious $44 billion takeover of Twitter, which has since been rebranded as "X."
Larry Ellison, who hasn't posted a tweet since 2012, demonstrated his commitment to the social media platform as he saw its significance in providing real-time news and fostering a healthy democracy. "It's a real-time news service, and there's nothing really like it," Ellison remarked to Walter Isaacson, the author of an upcoming biography on Musk, in an excerpt published by The Wall Street Journal. He believed in Twitter's importance, leading him to make a substantial investment, Business Insider reported.
Walter Isaacson, who spent two years closely studying Elon Musk, revealed that he personally intervened to help Ellison reset his Twitter password. Despite being friends with Musk for a considerable period before the Twitter deal, Ellison's dedication to the platform and its potential impact on society motivated him to support Musk's endeavor.
Elon Musk, the co-founder and CEO of Tesla, received support from Ellison throughout the tumultuous process of acquiring Twitter. When Musk had second thoughts about the deal in the past year, Ellison stood by his side, engaging in late-night conversations to resolve the situation. Musk's $44 billion agreement to purchase Twitter was temporarily put on hold during this time, according to court filings.
However, despite their friendship, Oracle, the company led by Ellison, faced challenges related to unpaid expenses from Musk's Twitter venture, now known as X. Reports indicate that Oracle, along with other service providers like Google and Amazon, went unpaid for services rendered. Musk's refusal to cover various bills, as well as office rent, raised eyebrows within the business community.
Copyright © HT Media Limited
All rights reserved.