Elon Musk pulls out of $44bn deal to buy Twitter
Elon Musk Twitter takeover: To get out of his Twitter purchase, Elon Musk may have to pay $1B.
Elon Musk Twitter takeover: “Musk said at first that he would fix the bot problem,” Stelter said on Sunday’s “Reliable Sources.” “The same thing he says now is stopping him from making the deal.”
A reporter for the New York Times, Lauren Hirsch said:
Lauren Hirsch, a reporter for the New York Times, said that a lot of interesting things have happened since Musk’s offer was first reported. The stock market “basically fell off a cliff,” and shares of Tesla, which Musk was probably counting on to pay for a lot of the deal, were among the stocks that fell.
That may be one reason why Musk has seemed to doubt that his offer to buy the company would go through almost from the moment he made it. Hirsch said, “He would sort of throw daggers out there and then walk away, and we never really knew what he was doing.”
To get out of his Twitter purchase, Elon Musk may have to pay $1B
Philip Bump, a national reporter for the Washington Post, said that:
At least until Friday, when Musk’s lawyer sent Twitter a letter saying that Musk is pulling out of the deal because Twitter is “in material breach of multiple provisions” of the original agreement.
Twitter is fighting back and has said it will go to court with Musk. Some people have wondered if Musk’s worries about the bots are just a way to get out of the deal. Philip Bump, a national reporter for the Washington Post, said that it’s hard to know what Musk’s real goals are, but he did say that Musk is a “eccentric character.”
According to the Bump:
“I’m kind of interested in how quickly his announcement turned into an issue in American politics,” Bump said. Some people thought Twitter was a “leftist elitist organization” that a libertarian conservative was about to take over and change.
One person who could benefit from Musk taking over Twitter is former President Donald Trump, who was famously banned from the platform after the violence at the Capitol on January 6. Trump recently went on stage at a political rally in Alaska and called Musk a “bulls—-t artist,” calling his decision to back out of the Twitter deal “rotten.”
Claire Atkinson, the chief media correspondent for Insider, said that:
One of the most important questions right now is what will happen to Twitter, its employees, the money it makes from ads, and the price of its shares. Claire Atkinson, the chief media correspondent for Insider, said that the story has been going on since April and that employees still don’t know who their new boss will be. “If you’re thinking about advertising on the site, you want to know, ‘Is this product a good fit?'” Atkinson said. “What rules do they have?”
Stelter said that bots are definitely a problem for Twitter, but he didn’t know how common they are yet. But it’s possible that they affect Musk more than the average user. “I think what’s going on here is that Musk uses Twitter in a very different way than most people,” Stelter said. “He gets too many stupid replies and spam.”
Elon Musk Twitter takeover