Elon Musk’s Pursuit of Twitter Leads to Complicated Next Steps and Legal Questions

Whether smokescreen, negotiating tactic, genuine concern or flight of fancy, Mr. Musk’s insistence that Twitter is overrun by spam bots hasshares continue to slide,

and they fell nearly 4% Wednesday to $36.85 in a broad stock selloff, a sign that investors no longer believe that Mr. Musk’s cash offer of $54.20 per share—now 47% above market price—will stand. For Twitter’s board, securing that price would be a victory, and it said it intends to close the deal and enforce the merger agreement.

Its other options seem few. Twitter makes about 90% of its revenue from digital advertising, a slumping market. Chief Executive Parag Agrawal, who has described himself as a lame duck, has announced a hiring freeze and spending cuts to employees and signaled more changes may be ahead. Several high-ranking executives have recently left.Teslashares, which are the bulk of his fortune, have fallen 31% since he offered to buy Twitter.

Elon Musk has cultivated close ties with Beijing to build Tesla’s business in China. Now that he is buying Twitter and focusing on free speech, WSJ looks at how China has used the social-media platform to promote its views, and why that’s raising concerns. Photo Illustration: Sharon Shihas been particularly suspicious—both to people involved in the deal and to those watching—because of his history on the issue.

It seems as if the fame of the buy tricked him into it and now he realizes the expense.

Another genius who's not too smart. TeslaStock ElonsProblems

Or edit his famoly's history

Mr Musk, Australia needs you .

Have him use his Twitter bot army that he also claims he needs to know the truth about to sway his deal. You know, like what he's done to criminally inflate his stock prices.

Ha! What they never expected was that he would go on a shitposting bender to draw more and more attention to himself. (Well, except that everyone expected it.)

Wit he signed a multi billion dollar contract without doing due diligence? But Britney Spears

elonmusk, I’m skilled at finding “subatomic loopholes” & Uber-creative arguments to help free clients from seemingly binding contracts. Send me a pdf of the Twitter MOU or contract & —for no charge—-I’ll find a creative way out of the Twitter “deal” without liquidated damages.

the price of trolling is high

elonmusk shouldve taken that Board Seat, become an activist, outspoken Board Member - would've gotten all the attention, made Twitter make 90% of the changes he wanted anyway, possibly become folk hero. Now, looks like a fool. a

Sounds like wsj is about to publish a PR piece by someone’s lawyers.

Elon never studied poly sci to educate himself on our national understanding of democracy. I’m a fan of Elon, but supporting the Trump Party isn’t good for Elon’s goals, nor survival of freedom here. If Trumpism gains a foothold it’s the end of America & what brought Elon here.

Elon did not do his homework. Twitter did not disclose its SEC investigative activity. A lot of moving parts here.

He is a joke. He is keeping his name in news highlights as a good guy Republican...he has no intentions regarding twitter. He is trying to swing the undecided voters for midterms.

SHIB and DOGE will be Musk's seismic, what do you think about this?

Twitter better get itself criminal lawyers

Elon is a legend for exposing Twitter. For instance, how come WSJ, having almost 20 million followers, gets less than 90 likes for each tweet?

Smoking too much weed is about to cost ElonMusk at least a billion dollars elonmusk is a total flake BoycottTesla Twitter

Twatter is a lemon. He thought he was buying a Lamborghini but when he looked under the hood he found it was rocking a 35hp Kohler. So, FRAUD😎

He did all that for attention. He doesn’t care about free speech.

I've always worried about Musk's financial pressure.

Twitter top management is leaving the company just like we saw with Enron.

Would uncovering fraud be one of those? Along with paying $1 billion? WSJ is more than woke now.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk: Doubt about spam accounts could scuttle Twitter dealMusk earlier tweeted that his plan to buy Twitter was on hold as he tried to pinpoint the number of fake accounts on the social media platform.
Source: wsfa12news - 🏆 338. / 59 Read more »

Elon Musk says Twitter deal 'can’t move forward' without correct bot numbersElon Musk is now pissed that the number of spam accounts on Twitter is not revealed by the company. I’ll state it again: he never intended to buy Twitter. His primary business has always been self-promotion and this has all been done at a relatively bargain price. Pathetic excuse. He’s trying to walk the eel. His hubris blew it up.
Source: IntEngineering - 🏆 287. / 63 Read more »

Elon Musk sets condition for Twitter purchase to go forwardTesla CEO Elon Musk set a key condition for his pending $44 billion purchase of Twitter to go through: transparency on the number of fake or spam accounts. TEAM ELON! Twitter is like HOA. You purchase something and other people tell you how to run it.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Elon Musk says Twitter deal 'cannot move forward' without more data on spam botsTesla CEO Elon Musk doubled down on his demand for more data on spam bots in a tweet early Tuesday. And liberal American systems ( which allowed him to become a billionaire in the first place ) are allowing this clown show 👎👎 even today Lol thank you shill elonmusk please let this deal fall through Seriously, Elon makes an offer without due diligence and then wants to investigate?!? Bro!
Source: MarketWatch - 🏆 3. / 97 Read more »