Elon Musk’s lawyer has sent a letter to Twitter’s chief legal officer rescinding his offer to buy the company for $44 billion. Musk’s team claims the reason the deal is off is due to unsatisfactory information regarding fake or spam accounts on the social media platform. NBC News’ Danny Cevallos reports. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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#elonmusk #twitter #business
Breaking: Elon Musk Attempts To Back Out Of $44B Deal To Buy Twitter
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Justice for president jovenel Moise please
Danny what about the shareholders who lost money. I thought professional investors like Musk we're supposed to do their research, send in teams of auditors, and due diligence. Especially a computer genius billionaire like Musk. He made a lot of public statements he was buying the company and the share price he was going to pay.. he was acting as if he already owned the company making statements about the board of directors I believe he even held a meeting with employees. Twitter was going to have a billion subscribers. And now he's saying he didn't know what he was buying, I don't think so.. I think a lot of good people got burned because of this and hopefully lawyers like you can get their money back and I don't mean forcing Elon to buy the company.. I think we're past the point of Elon owning the company I think they're at the point where he needs to pay for the damage he did to the shareholders.. and the employees..
He was way ahead of the folks @twitter, he only wanted to expose the fact that not even half of the users are real. Just good buisiness by Elon!
Absolute Genius. He screwed Twitter and showed how big a farce it was. 👍
Elon is a genius!!! Got the info he needed
poison pill ? 🤣🤣🤣
twitter is garbage he can make his own platform
Elon musk should create a tesla chat have more video pose like tiktok, in short time tesla social media will be so popular
There no free speech either after elon musk purchased tweeter, liberals employee in twitter will keep censor and invisible free speech comments to others, its just fund more cyber bots for democrats and keep tyrant on power, hope elon musk built a new high quality tesla social media, no reach 100 milions cost for a new quality social media and hope elon musk profit 600 bilions from defend freedom of speech, tweeter always control by democrats under shadow
Why would anyone want twitter around. For that money, make your own social platform, is musk a person of old slavery money, or someone who intentionally steals from people, or anyone unheard of probably worth 1000 times that of musk. Likely did really horrible things, company. Then I wouldn’t buy it.
LoL Where's the Beef Elon put up or put the Shut to the Up I'm thinking 🤔 this will take him out of the Top of The Richest Man period if he takes on the Twitter deal so he's backing out to save face Oops he bit off more than he can chew
Coward.
The offer was conditional – he is gone legally
What a freak…
Fake news! He terminated NOT ATTEMPTED
probably destroying it to get it for cheaper
He must just not what to do with his money! Stupid deal from the start. Contract probably specifies that if he pulls out, he is to pay a penalty. Pay the penalty and run!
New EVOSS Motorcycles..* IQST… IQSTEL.. Initially Launching in 4 countries. Operates in 15 countries. Fintech Global Money One Maxmo Card, Blockchain, Numerous Telecom co's, IoT Gas, more. Over 20 Videos.
CONGRATULATION
This what happens when u buy stuff off the cuff. No planning or strategy. Only clout. I hope he gets sued
Well maybe it's time to start shorting twitter. Twitter could have been saved but they would rather risk going under and have their stock drop then stop censoring people. R.I.P Twitter!
This might be the first time Elon successfully pulls out.
Elon, you already bought it. It's literally pocket change to him.
LOL 😂 Feel sorry for those who bought the top!
He is backing out. They haven't been honest about the number of fake accounts, which is grounds for termination of a contract. Also, as a publicly traded company they can't afford discovery into how many fake accounts are actually on there.
`The lawsuit won't succeed because vital product info was withheld, so salesman twitter is a scam, like its entire service of leftist radical criminal thugs who have substantially contributed to the death blow of free speech and real democracy, which the leftist radical criminal enterprise party never was.
The dude was serious, but then the market went down and he looked like a fool with his inflated offer.
Elon is a flake.
They should take 20 billion and give back 24 billion. Then Twitter should donate 10 billion to misc charities. I know this will never happen but just a thought.
He's gonna get it for free when he proves Twatter is full of bots and fake users.
It's amazing how as soon as he said he was going to buy it the censorship stopped, conservative users started gaining followers like crazy and lefty users started losing fake followers by the tens of thousands.
Twatter isn't worth what they are trying to sell it for and if they try to force this fraud on him he's got them by the balls.
That's like someone telling you a house is in perfect working order and in reality the roof is bad, the foundation is bad, the plumbing is bad and there's a lean on it.
It's fraud all day long.
Musk playing 4 D chess now Twitter has to share all info . H a !
Let's hope it's more than that since the first thing he wanted to do was let Ol-Tub-Of-Guts-Trump back on Twatter huh Trumpy Doodle Puss Sore? Billionaire Brotherhood!
Too late Bud .. you on the hook 🪝
Who would want a dishonest run platform? Talk about manipulated algorithm and anti-free speech but loves free trade? It just deserves oblivion.
Shocking….
Elon Musk my favorite African American
A guy as smart as him should’ve stayed focused on his own companies.
Yawn. Surprise.
Most likely Twitter isn't as big as he thought ….100m following 10m real rest all bots or spam fake accounts ….its the case with most celeb accounts not what it seems likes and that not as big hes clicked on
Musk is falling apart….
I’ll be a son of gun , anyone can create a similar app today for less. With 44 bills he can buy 44 copper and lithium mines and double his profit