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The complete Elon-Twitter saga

by WF- Enzo
1 replies
Social Media Today has compiled everything in one place.



Whether or not you're an Elon fan, this is something worth reading. Now for starters, Elon Musk began aggressively investing in Twitter stock as of January of 2022, before eventually launching a $44 billion hostile takeover attempt for the company.

Of course, Twitter initially resisted Elon's push but decided to accept the proposal. However, Elon is officially backing out of the whole things (which IMO makes him a turd).

Chime in.
#complete #elontwitter #saga
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  • Profile picture of the author DWolfe
    Looks like Elon Musk is going to go ahead with the Twitter deal.

    "From CNBC today"

    "Elon Musk changes course and proposes going through with Twitter deal at original price: Sources
    PUBLISHED TUE, OCT 4 2022 12:08 PM "

    "Elon Musk has reversed course and is again proposing to buy Twitter for $54.20 a share, according to sources familiar with the matter. A deal could happen as soon as Friday, the sources added.

    Twitter shares jumped as much as 15% on Tuesday after Bloomberg first reported on the Tesla CEO's plans to go forth with his deal to acquire the company. The stock was halted after the report."

    "A few weeks after Musk agreed to the deal earlier this year, valuing Twitter at $44 billion, he quickly tried to back out, officially informing the company in July of his intentions to terminate the agreement. Twitter sued Musk to force him to go through with the purchase. The two sides were scheduled to go to trial in Delaware Chancery Court on Oct. 17.

    Musk alleged that Twitter was misstating the number of "bots" on its service as one of the reasons he was reneging on the deal. He and his lawyers claimed the social media company was misleading investors by providing false numbers in corporate filings with the Securities and Exchange Commission."

    More information from the story - https://www.cnbc.com/2022/10/04/twit...0-a-share.html
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