Musk wars with Twitter over his buyout deal - on Twitter

Now he's arguing — without presenting any evidence — that there might be just too many of those automated accounts forThe sharp turnaround by the world's richest man makes little sense except as a method to scuttle or renegotiate a deal that's becoming increasingly costly for Musk, experts said.Elon Musk, Tesla CEO, attend the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, Tuesday, March 22, 2022.

Experts say Musk can't unilaterally place the deal on hold, although that hasn't stopped him from acting as though he can.Musk also spent much of Monday in a back-and-forth with Twitter CEO Parag Agrawal, who posted a series of tweets explaining his company's effort to fight bots and how it has consistently estimated that less than 5 per cent of Twitter accounts are fake.

The Twitter sale agreement allows Musk to get out of the deal if there is a "material adverse effect" caused by the company. "In a merger situation, a material adverse change is often the key to your ability to renegotiate the deal," Spatt said.Twitter has agreed to sell itself to Elon Musk The bot problem also reflects a longtime fixation for Musk, who as one of Twitter's most active celebrity users is prone to having fake accounts mimicking his name and likeness to promote cryptocurrency scams.

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prob cant get the money together, so he's leveraging a lower price.

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Musk wars with Twitter over his buyout deal - on TwitterMusk is arguing — without presenting any evidence — that there might be just too many automated accounts for the $44 billion deal to move ahead. Actually this is very smart, because the selling price will be renegotiated and Twitter will be in a dilemma if Musk doesn't buy them; the exposure of high numbers of bots will have an impact on a public company whose duties includes public disclosure. I'm pretty sure you are missing the real story here! What has happened to the true journalists? Click bait headlines for ad revenue is the dumbest form of information!!
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Elon Musk considers paying less for Twitter as fake account doubts growAfter putting his takeover deal on hold, the Tesla CEO says the social media giant is underestimating the number of fake accounts on the platform so he 'can't pay the same price'. Twitter commie AF$$$ Fake accounts? On Twitter? No! I'm thinking he saw the books, realised what most of us already knew about how complex and involved it is...and is now looking for an out that saves him face.
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Musk pushes to cut Twitter priceElon Musk threw fresh doubt on his bid for Twitter, sending a poo emoji in response to CEO Parag Agrawal’s estimate of the number of Twitter’s spam accounts. I have said from the start, this deal won’t happen. Musk will find a way to get out of it. And will probably sell his stake for a huge profit. MColvinMcKenzie Elon is damaged beyond repair. He's got the same disease as all the other megalomaniac billionaires. Be prepared to walk away from the deal. However, be mindful it may just be Agrawal’s trick to trick you into giving up the purchase. Do a thorough due diligence.
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Elon Musk needs an exit from his ill-timed Twitter bidYou don’t have to look hard for the reason for Elon Musk’s decision to put his $US44 billion bid for Twitter “temporarily on hold.” A check on two share prices would do the trick.
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Elon Musk needs an exit from his ill-timed Twitter bidYou don’t have to look hard for the reason for Elon Musk’s decision to put his $US44 billion bid for Twitter “temporarily on hold.” A check on two share prices would do the trick. It’s a new parasitic life form You mean like the provision to walk away from the deal in the agreement? 😂. Sorry excuse for journalism. I’m going to make a publication and eat your lunch. He should wait a little bit longer so we can see all the 'alleged' misleading and deceptive practices Twitter has been undertaking to boost its share price
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Elon Musk needs an exit from his ill-timed Twitter bidYou don’t have to look hard for the reason for ElonMusk’s decision to put his $64 billion bid for Twitter “temporarily on hold.” A check on two share prices would do the trick. | OPINION
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