Elon Musk, owner of Tesla and SpaceX, doesn’t want to buy Twitter, the social media platform that has been the leading forum for game discourse, memes, and apologies written in white text on a black background for over a decade.
Musk is due to pay Twitter $ 54.20 per share. That’s $ 43.4 billion, but Twitter’s share price has fallen to $ 36.81 since the deal was signed in April. That’s one fact that Mask wants to help him get out of it. A letter (Opens in a new tab) What Musk’s lawyer sent to Twitter’s lawyer claims that Twitter’s “recent financial performance and outlook revisions” may be a valid reason to cancel the purchase.
However, the main reason Musk said he should unhook first was that the deal was put on hold while his team was evaluating the spread of “spam / fake accounts” on Twitter. It first appeared in May. According to Musk, Twitter was unable to provide the “necessary data and information” to make that assessment.
twitter Will be provided as reportedly (Opens in a new tab) Masked the raw data “fire hose” in June and said it yesterday Delete over 1 million spam accounts daily (Opens in a new tab).. The company does not accept attempts by Mask to cancel the transaction.
“The Twitter Commission has promised to complete the transaction at the price and terms agreed with Mr. Musk, and legal action to implement the merger agreement,” said Brett Taylor, chair of the Twitter Board of Directors. Will be taken. “
Twitter’s board of directors has promised to close the transaction at the price and terms agreed with Mr. Musk and will take legal action to implement the merger agreement. We are confident that we will win the case in the Delaware Equality Court.July 8, 2022
When the purchase deal was signed, Musk agreed to cancel the $ 1 billion fee, but Twitter seems keen to keep him in full purchase.
“We are confident that we will win the case in the Delaware Peace Court,” Taylor said.
Musk had previously said that the plan to buy Twitter was to protect freedom of speech on the platform, but he hasn’t publicly commented on today’s attempt. No Buy Twitter. That’s normal for someone else, but Mask is surprisingly modest because he frequently tweets about news related to him.
Regarding Mask’s intentions for the platform, some threaten to leave Twitter if he takes over, while others threaten to post more, but I’m not sure if the average Twitter feed will change significantly. The power of US-based private social media companies like Twitter and Meta to insist on the global movement of information is one of the biggest problems of our time, but Musk’s freedom of speech. I suspect that is referring to such international political issues.As a Sandinista in Nicaragua The person who said last year (Opens in a new tab) Facebook banned them by pretending to be false. The overall plan seemed to be in line with Jordan Peterson’s recent screams after the Twitter ban.
After agreeing to buy Twitter, his decision not to buy Twitter doesn’t fit very well with Twitter, so I’m still not sure what Twitter looks like on Twitter, but until this is resolved in court. May take some time. In the meantime, we are all confident that we will continue to post bad tweets. Especially for brands that can’t help themselves, as EA recently showed.