Not all is well between Elon Musk and Twitter. At the beginning of July the network social attacked a billionaire justice next son coaster concerning son buyout offer. The Twitter request is simple: honor son an obligation to buy it out or pay a one billion dollar severance pay. So a few weeks later it was Elon Musk’s turn to file a complaint against son brother enemy.
Lies and betrayals
According to AFP, the Tesla boss filed a complaint against Twitter last Friday. If the Delaware court of Chancery believes that this 164-page document should not be made public for privacy reasons, the Wall Street Journal claims that Elon Musk’s requests relate to the number of users to be bought out. According to the billionaire, Twitter allegedly lied about these users after accepting the takeover bid. Net social it is estimated that less than 5% of its active users were not genuine. For Elon Musk, it’s so much more. Thus, this controversy would cause him to back out and cancel his $44 billion takeover bid. This argument has been repeatedly put forward by Elon Musk on social networks, in particular … on Twitter.
Twitter is already paying
If a justice I will do son The Oct. 17 judgment has already caused a stir on Twitter, especially in the stock market, in the aftermath of the case. Although Elon Musk promised to offer $54.20 per share in son takeover operation, many public criticisms of the billionaire online social as well as established doubts about the proportion of fake accounts led to a drop in the share price. So, on July 11, on the eve of Twitter’s complaint about Elon Musk, Twitter shares traded for just $32. On Friday, the day the billionaire filed his complaint, Twitter was quoted at $41.61. Better? Not sure. Because the stock price isn’t the only problem with the network social. The streak also caused the company’s advertising revenue to drop. Nothing else is happening.
