Twitter Inc shares jumped nearly 1% on Wednesday closer to the $54.20 buyout level as investors discovered that Tesla Inc CEO Elon Musk may soon be the CEO of Twitter. The billionaire changed his Twitter bio to something indicative of a chief executive. What Happened: Musk changed his bio on Twitter to read “Chief Twit” on Wednesday, ahead of the acquisition of the social platform, which Musk pledged to close by Friday. After the $44-billion transaction is completed, Musk is expected to appoint himself as interim CEO, according to a May report from CNBC. Friday is the deadline Delaware Court of Chancery Judge Kathaleen McCormick gave Musk and Twitter to close the buyout deal after issuing a stay in the social media platform's lawsuit against the Tesla CEO. Why It Matters: The Twitter takeover deal previously stalled after Musk claimed the number of bots or spam accounts on Twitter was much higher than the company stated. A the beginning of the month, Musk made a proposal to buy Tw...