Elon Musk's critics were,main dengan bini orang lucah once again, proven right.
The billionaire father of 10 children (that we know of) has pulled out…of the Twitter deal,that is!
So, what happens now?
Well, Twitter is being quite upfront about it: The company plans to take Elon Musk's ass to court.
In — what else — a tweet, Salesforce co-CEO and Twitter board member Bret Taylor released a statement saying the social media company plans on suing Musk to force him to uphold his end of the Twitter buyout.
This Tweet is currently unavailable. It might be loading or has been removed.
"The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement," Taylor postedon Friday, shortly after news broke via a statementthat Musk filed with the U.S. Securities & Exchange Commission (SEC) saying he no longer planned on purchasing the social network.
"We are confident we will prevail in the Delaware Court of Chancery," Taylor continued.
And what can the court do? Well, a judge can very well order Elon Musk to abide by the terms he agreed to and force the Tesla CEO to buy Twitter for $44 billion. There were also terms in the Twitter deal that Musk agreed to that would result in him paying $1 billion to Twitter if he backed out of the deal. However, there were exceptions to that fee, which Musk is sourcing as his reason for terminating the deal and why he actually now owes Twitter nothing.
Musk started to balk at closing the deal just shortly after it was announced in April. He eventually announced he was putting the deal "on hold." He pointed to Twitter's bot problem, the number of fake accounts on the platform, and Twitter misrepresenting just how big of an issue it was as his reasoning for the termination. However, Musk appears to have known about the bot issue as the Tesla CEO himself had previously tweeted about his plans to tackle the problem. And, just last month, the feud over bots went public when Musk shared that he requested additional data from Twitter in order to take a deeper look at the issue but the company refused. Twitter quickly called his bluff and gave Musk access to the data he had wanted, including the full "firehose" of the platform's data.
Another reason for Musk to try to wriggle his way out of the deal? Since he agreed to buy Twitter, the stock market has crashed, de-valuing the social media company's stock which he had agreed to buy at $54.20 a share. At the close of market on Friday, Twitter was trading at $36 a share.
SEE ALSO: Elon Musk wants out of Twitter deal so the internet is lighting him upAs Mashable's Mike Pearl points out, regardless of what happens, Elon Musk still ownsa large chunk of Twitter, the publicly-traded company. He just no longer wants to pay to own it outright and make it his own privatecompany.
But, like it or not, Elon Musk — who has lost billions of dollarshimself in recent months due to the market downturn — may find himself forced to pay up and buy the bird site.
Topics X/Twitter Elon Musk
Artist Talk and Workshop with Shizu Saldamando
$50,000 Reward Announced for Unsolved Murder in Woodland Hills
U.S., Japan, S. Korea Vow Unified Response to N. Korea Threat
Nikkei Basketball Heritage Assn. Awarded Grant to Interview Former Camp Inmates
MOUZ invited to Elisa Masters Espoo
LAPD Names Station in Honor of Margaret ‘Peggy’ York
Sequoia Nagamatsu's New Novel Explores Aftermath of Global Plague
Democrats Tokuda, Case Win Hawaii’s Congressional Seats
NBC4 Celebrating APA Heritage
L.A. County Officials Launch United Against Hate Week
DTLA JACL, JWSSC Announce 2025 Women of the Year
Bella Rose Yaeko Ballard Crowned 104th Rose Queen
Screening of 'Furusato: The Lost Village of Terminal Island'
Next on 'Asian Pacific America': Aimee Long, Lunar New Year Celebration
Dan Kwong’s Latest Performance Piece Based on His Mother’s Life
Young Cellists in Spotlight for 'A Touch of Classical'
IT PAYS TO KNOW: Give Me That Old
'Squid Game' Gets 3 SAG Awards
Entertainment Lineup for Tanabata Festival
Next on 'Asian Pacific America': Richard Lui, Dr. Robyn Rodriguez
US biggest importer of Chinese batteries for fifth straight year · TechNodeAirPods to get 3 exciting new featuresParaguay vs. Uruguay 2025 livestream: Watch World Cup Qualifiers for freeStargazers might spot this green comet with just binoculars in JanuaryBest Nintendo Switch 2 accessories: Hori Piranha cam, MicroSD Express cardsWalmart bringing drone delivery to 5 major cities and 100 storesBest Nintendo Switch 2 accessories: Hori Piranha cam, MicroSD Express cardsNYT Strands hints, answers for June 8One of the best Nintendo Switch 2 launch games is just $15One of the best Nintendo Switch 2 launch games is just $15 Apple's next iPhone might be in short supply, at least at first Zoom will pay $85 million to settle 'Zoombombing' lawsuit Jetpack man is back, adding to the flying mystery over LAX 30 keyboard shortcuts every Mac user needs to know Heatworks' Tetra counter WhatsApp won't use Apple's child abuse image scanner Tesla officially pushes back Cybertruck production to 2022 Airbnb adds WiFi speed results to rental listings A new book about Tesla is already causing drama How to make a goal on the budgeting app Mint
0.2089s , 10110.859375 kb
Copyright © 2025 Powered by 【main dengan bini orang lucah】Twitter to Elon Musk after he pulled out of buyout deal: 'We'll see you in court',Feature Flash
