First, we learned that Elon Musk had bought enough shares to become Twitter’s largest individual shareholder. The company announced that Musk would take a seat on its board of directors, but within a week, that plan was exposed, and Musk informed the board that he would not accept the position.
Elon’s next move came in the form of an unsolicited offer to buy 100 percent of Twitter’s shares for $54.20, or about $44 billion.
On April 25 it seemed that everything was over. Twitter accepted Elon Musk’s offer to buy the company for $44 billion.
Of course, things may not be that easy.
On July 8, after prolonged posturing and many, many tweets, Musk sent a letter to Twitter saying that he was planning to terminate their merger agreement, claiming that the company was not in the physical form of the deal. is in breach, and accuses Twitter of “false and misleading representation that Mr. Musk relied on when entering into the merger agreement.” His claim that Twitter violated the deal relies on an argument that did not accurately represent the amount of spam and bot activity on the platform and failed to meet their requests for evidence proving otherwise.
Twitter Chairman of the Board Brett Taylor responded (of course on twitter), saying that the company “plans to take legal action to enforce the merger agreement.”
Musk, who already leads Tesla, SpaceX, The Boring Company and Neuralink, is one of Twitter’s most visible users, with a large audience of devoted followers. The billionaire exec unintentionally shares the company’s plans, uncredited memes, and bizarre allegations. This is in addition to the responses that serve as a global tech support line for people who want everything from the help of their electric cars to politicians wanting satellite internet so they can keep civilians engaged during war. .
The Musk era on Twitter included a surprise reveal that it would soon be testing an edit button for Tweets — news that the company insisted its near-perfect board member knew about the feature just before it was confirmed. was posted.