The richest man in the world has a very distinctive sense of humor. (Photo: AFP)
Elon Musk broke the silence after tweeting it Sue of the United States for breaking the social network purchase agreement. And he did it his way: with a meme of himself published, in fact, on his Twitter account.
The image shared by the tycoon is shown laughing with the following sentences: “They said I couldn’t buy Twitter. They later said they would not disclose any information about the bot. Now they want to force me to buy Twitter in court. Now they have to reveal the information about the bots in court“.
Beyond the joke, Musk claims that Twitter offered him information “false and misleading” and that it has not provided the information it deems essential to conclude the agreement.
These mainly refer to the number of bot (fake or spam accounts) on social networks, which according to Twitter represent less than 5%, but for the owner of Tesla and Space X there are many more.
The meme refers to the problem that hindered the operation: the actual number of fake or spam accounts. (Photo: capture)
For many analysts, the question of “bots” is simply the sorry that Musk has tried to reverse an operation that seems increasingly ruinous, with the company stock below $ 37far from the 54.20 a title that Musk had agreed to pay last April, and with a sharp drop in Tesla’s price and, therefore, in the billionaire’s fortune.
The Twitter shares plummeted about 7% this Monday first thing on Wall Street.
As the legal battle between Twitter and Elon Musk continues
It is a case that has practically no precedent in justice. Photo: Reuters
The struggle that Elon Musk and Twitter have had for months for the purchase of the social network will now go to court after the billionaire entrepreneur’s decision to cancel the operation, which leaves Justice first. an almost unprecedented case.
A priori, according to the opinions of experts collected this weekend by the specialized media, Twitter has an edge in this legal battlein which he will seek Musk to complete the acquisition of his business within the agreed terms: 44,000 million dollars.
The company has already anticipated that it will bring the matter to Delaware Court of Chancellerya court specializing in large commercial disputes to force the application of the agreement signed between the two parties and, perhaps, ask for financial compensation.
But the entrepreneur did not insert too many conditions in the purchase operation, therefore a priori it seems difficult for a court to accept their reasons for backing down.
Shares of Twitter fell 7% on Monday as markets opened. Photo: AFP
According to experts, Musk’s argument goes through the demonstration that Twitter has offered information about his business that dramatically deviated from realitysomething extremely difficult.
In other words, it would not be enough, for example, to prove that fake accounts on social networks represent 6 or 7% of the total, since this would not change a priori the prospects of the business that he has accepted to buy in a sufficiently important way.
In the United States, there are not many precedents of similar cases, especially operations of this magnitude, but mostly similar episodes the buying party was forced to move forward with the process.
However, even if a court were to force the richest man in the world to close the deal, it would be difficult to force the impulsive businessman to obey, and the whole process could damage Twitter even more.
Therefore, analysts believe it is very likely that the two sides will reach some sort of agreement, which will allow Musk to abandon the purchase by paying a significant fee (probably more than the $ 1 billion severance clause included in the contract and which is subject to conditions) or that significantly lower the price of Twitter for closing the transaction.
With information from EFE.
SL
Source: Clarin
