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Elon Musk Wants Out Of $44 Billion Deal; This May Not Be So Easy

CEO of Twitter Elon Musk has signaled, through a lawyer, that he wants to rescind the $44 billion deal he offered to acquire Twitter. This is most likely due to the ongoing dispute on Twitter’s true active user count. Musk says that Twitter has misrepresented its actual user base by saying less than 5% of the platform’s accounts are spam or bots. Then there is the issue of Twitter releasing certain data to Elon Musk’s team. The lawyer’s statement argues that much of this data is unusable.

Some would argue that Musk got in way over his head when he pursued the idea of purchasing Twitter. So then when the SEC got involved, and lawyers got involved, the process of buying Twitter became a monster much bigger than what Musk originally imagined. Then there is the train of thought that says all of this back-and-forth with Twitter is simply a negotiation tactic to get some billions knocked off of the outrageous $44 billion price tag.

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SOURCES:

Elon Musk tells Twitter he’s terminating deal to buy social media giant | Fox Business

Reaction To Joe Rogan REFUSING To Host Trump On His Podcast – YouTube

The Elon Musk-Twitter Saga Now Moves to the Courts – The New York Times

Elon Musk tells Twitter he wants out of his deal to buy it | CNN Business

Twitter faces ‘worst case scenario’ as Elon Musk terminates purchase – The Washington Post

Elon Musk proves he’s the wrong man to save the world – The Verge

Elon Musk Is Twitter’s Material Adverse Effect – WSJ

Mars, birth rates, but no Twitter: Elon Musk captivates Sun Valley moguls

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