In news that represented a body blow to the pursuit of free speech, Elon Musk’s deal to buy Twitter fell through last week. RedState stated that Elon Musk announced his move last week after it was clear that Twitter would not address his concerns over bot accounts.
Twitter didn’t take the news lying down, though. A statement quickly issued by the board stating that the deal was legal binding, and they intend to go to court to enforce it. The terms currently demand that Musk pay $44 Billion for the company.
Now, Musk has responded exactly as you’d expect.
— Elon Musk (@elonmusk) July 11, 2022
You’ve got to love the guy’s sense of humor, but I’m a lot more concerned about how this plays out in the real world. So many of the details of the now-defunct deal are murky, and it’s hard to know exactly what was agreed to and what wasn’t. Is it required by the terms that Twitter release information Musk requests? It is possible that a court will force the release in order for the agreement to be enforced. Those are open questions that go well beyond Musk’s meme.
Let’s just say that I hope there’s more here than just trolling. Yeah, I think it’s hilarious that Musk continues to drag Twitter like this publicly, but does he have a real plan here? There is a possible way for Musk to purchase the social media firm, possibly at a lower price. Again, those are questions I don’t have the answers to.
Still, I wouldn’t count Musk out. He didn’t go from a $2 billion net worth to over $200 billion dollars in less than a decade by sheer chance. This guy is genius and he can afford to send the very best people to get this done. If Musk wants Twitter, the deal will happen, if for no other reason than the fact that the Twitter board can’t afford for it to not happen.
The company’s stock plunged on Monday after the markets got a chance to react to news of the deal collapsing. Twitter realizes it needs to do this or risk being in total chaos.