Monday’s stock slump reinforced doubts that Musk would finalize his US$54.20-a-share offer, further widening the gap between the market’s expectations and the billionaire’s price. The shares have barely — and only briefly — surpassed US$50 since Musk sprung his buyout plan on April 14.Article content
Twitter Chief Executive Officer Parag Agrawal has sparred with Musk publicly on Twitter about bots. Agrawal has said the company has human reviewers look at “thousands of accounts” to determine the prevalence of bots, but added that he couldn’t share more specifics because of privacy concerns. “Unfortunately, we don’t believe that this specific estimation can be performed externally, given the critical need to use both public and private information,” Agrawal wrote in May.
“Twitter’s latest offer to simply provide additional details regarding the company’s own testing methodologies, whether through written materials or verbal explanations, is tantamount to refusing Mr. Musk’s data requests,” according to the filing, which was addressed to Twitter’s legal counsel, Vijaya Gadde. “Twitter’s effort to characterize it otherwise is merely an attempt to obfuscate and confuse the issue. Mr.
Musk believes the company’s resistance to provide more information is a “clear material breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement.”
Twitter is worth nowhere near $44 billion.
Shooting off his fool mouth has dragged down both Twitter and Tesla stock. Now Musk is trying to save face while everyone enjoys his humiliation.
Lol reneg
Yeah he never intended to buy twitter anyway.. he is just looking for publicity.. a narcissist almost as bad a Trudeau.
He always wanted an out. Lol
AKA cold feet Also, maybe he's gonna pay Amber's bills, so he's distracted.
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