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Cut and Run - Twitter in Chaos as Elon Musk Tanks The Deal

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As predicted, Elon Musk has now stated that Twitter is in "material breach of contract" with regards to bot and fake account metrics. This allows him to try and exit the deal without paying a "breakup fee", after reaping all of the positive benefits to the initial announcement.

This exit could be simple for him, but devastating to twitter as it threatens to open them up to investor lawsuits, and questions of honesty with regards to their financial disclosures as far back as 2013 and the initial IPO.




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#twitterdeal #twitterbuyout #elonmusk
Category
Call of Duty
Tags
world news, stock market, elon musk
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