Musk is now locked in an on-again-off-again struggle with the social media company as he tries to back out of a deal he made in April to acquire it for $44 billion. But some of his tweets make you wonder why he ever wanted it.
20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher. My offer was based on Twitter's SEC filings being accurate. Yesterday, Twitter's CEO publicly refused to show proof of <5%. This deal cannot move forward until he does.Sometimes his tweets were confusing. The same week he revealed his big stake in the company, he tweeted that Twitter might be dead. The next day, Twitter revealed he wouldn’t be joining the board after all.
Sometimes his tweets seemed like satire. His offer price for Twitter was $54.20 per share, causing speculation that it was an inside joke. More importantly, he used Twitter to get his message across. He egged on Twitter shareholders when it appeared the board might reject his offer. Then, in May, he tweeted that the deal was on hold. At the time, the stock market was tanking — along with Musk’s personal wealth.
He continued to tweet doubts about the company — particularly allegations that its user base was riddled with bots — until finally attempting to call the deal off in July. The saga is scheduled to culminate in October in Delaware Chancery Court, where Twitter has sued Musk to force him to complete the purchase.
Some of Musk’s tweets could play a role in the trial. Did Twitter mislead Musk? Or does his tweeting history suggest that Musk has had a strong understanding of the platform’s strengths and weaknesses all along?
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