Tuesday, July 19, 2022

Elon & Twitter 5

Twitter & Musk, it's the show that goes on and on. 

Elon offered $44 billion to buy Twitter. Directors and employees there did not like the idea. He questioned the number of bot accounts. Then he didn't want to buy it. Then directors/employees claimed he had to buy it. Now they're suing to make him buy it.

If Twitter wins in court, Elon might be forced to buy it or pay a $1 billion breakup fee, or negotiate some other fees. But of course he doesn't want to pay the original offer. It was $54/share, and now Twitter stock is going for $36/share. Big tech stock is generally down.

And what are "bot" accounts? 

from Mind Matters

(cont'd tomorrow)

No comments:

Post a Comment