This Friday evening, the multi-billionaire Elon Musk announced to withdraw from the takeover of the social network. He believes that Twitter has not been transparent enough about the number of fake accounts and spam, which he believes would jeopardize the value of the company. For its part, the company decided to take the case to court.
The day after the announcement of the cancellation of the takeover of Twitter by Elon Musk, the social network announces legal action against the multi-billionaire. She wants to force him to respect the social network’s takeover agreement. This Friday evening, Musk withdrew. He believes that Twitter has not been transparent enough about the number of fake accounts and spam, which he believes would jeopardize the value of the company.
Lack of transparency or change of mind of Musk?
It’s been a while since Elon Musk seemed to want to find a good excuse to withdraw his offer to purchase. The reason given is therefore the lack of transparency of the social network concerning the fake accounts that abound there. But Elon Musk probably just changed his mind, especially seeing the value of Twitter decline over the months. The action of the group has also accelerated its fall since the withdrawal of the billionaire, it has lost 6%.
>> Find Europe weekend morning in podcast and replay here
Twitter has decided to take the matter to court. A judge could also require Elon Musk to pay the promised sum, or 44 billion dollars. But the most significant reactions are on the side of the ultra-conservatives who have erected Elon Musk as defenders of freedom of expression and destroyer of social networks and their influence.
According to them, Musk would have planned everything and his goal would be to uncover the alleged shenanigans of Twitter aimed at…
Read more on Europe 1
VIDEO – Elon Musk separated from Grimes: the billionaire would have had hidden twins with another woman