Elon Musk vs. Twitter: Battle Of The Billionaires

Elon Musk ushers in some comedic appeal in the heat of his withdrawal from a $44 billion takeover deal with Twitter.

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Many refer to Elon as the king of all things Twitter, with his countless nonsensical tweets and offbeat memes, and for a second, that role almost became the truth.

Earlier this year, Elon initiated a deal to buy the social media platform for a light $44 billion. As of yesterday, his long-running saga with the platform came to a halt when Musk abruptly stated he is withdrawing from the deal. He declares that Twitter lacked transparency and had made “false and misleading” statements during negotiations.

However, Musk, also the richest man in the world, does not seem too distressed over this dispute and has taken to the platform to mock the hilarity of this situation. Hence, the posting of his most recent meme which hinted that Twitter misled him about the regularity of fake or “bot” accounts on its platform.

Not to mention, On Monday, Twitter shares fell 6%, wiping nearly $1.8 billion off the company’s market value – translating to a 24% decline since the original deal commenced between Musk and the platform.

Musk stated that his withdrawal from the merger was also due to Twitter’s recent dismissal of senior executives and a third of its talent acquisition team. He claims that the original contract contained a clause stating not to “disparage” the company or its employees.

What was Twitter’s response?
The platform’s chairman Bret Taylor has rebuked Elon’s termination claiming to pursue legal action as a result of his break of agreement. With a commitment to seal the deal, the costly lawyers representing the platform have spoken of a $1 billion settlement or “break up fee.” Asserting that the estimated bots accounted for 5% or less of users, which they insisted was consistent with the information provided to Musk’s legal team. Stay tuned as this looks to be set for a lengthy court battle likely accompanied by some much anticipated comedic relief.

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