Everyone seems to be surprised that #ElonMusk had backed out of the much-hyped $44 billion Twitter deal.
Remember this tweet? As early as May 2022, he had hinted about abandoning the deal if Twitter bots were not less than 5% of total users.
Remember this tweet? As early as May 2022, he had hinted about abandoning the deal if Twitter bots were not less than 5% of total users.
This is what #Twitter had to say a day before the Tesla CEO pulled the plug on the deal.
Source: apnews.com/article/elon-m…
Source: apnews.com/article/elon-m…
As per Musk's ardent fan from India @PPathole, the lack of transparency in the counting of bot accounts is to be blamed for the fallout of the #TwitterDeal.
He also alleged that bot accounts comprised more than 5%, and therefore called for a re-negotiated deal.
He also alleged that bot accounts comprised more than 5%, and therefore called for a re-negotiated deal.
Lastly, the contract signed between Elon Musk & Twitter shareholders called for a $1 billion breakup fee, provided the Tesla CEO failed to honour the deal.
This included reasons such as blockade of the deal by regulators or lack of acquisition financing.
This included reasons such as blockade of the deal by regulators or lack of acquisition financing.
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