TWTR Twitter Inc

Roelof Botha, head of venture capital firm Sequoia Capital, is still backing the $800 million funding for Elon Musk’s Twitter (NYSE:TWTR) takeover. Botha has solid conviction in Musk’s business prowess and believes he will be able to turn around the company successfully. At a recent WSJ Tech Live conference, Botha said, “Elon has succeeded in many different industries… He’s an incredible first-principles thinker.” Sequoia initially agreed to finance the transaction after doing a detailed analysis of Twitter's financials and speaking with several employees. Moreover, Botha also discussed the possibilities of monetizing the social media platform beyond advertising revenue to include subscriptions and payment integration.
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