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Does Elon Musk Still Want Twitter?

  • July 7, 2022
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About three months have passed since then The relationship between Twitter and Elon Musk has entered a most peculiar dynamic. It all started with the billionaire expanding his

Does Elon Musk Still Want Twitter?

About three months have passed since then The relationship between Twitter and Elon Musk has entered a most peculiar dynamic. It all started with the billionaire expanding his stake in Twitter and subsequently claiming a seat on the company’s board of directors. A few days later, he announced that he was resigning from that position, only for us to find out shortly after that that his plans were actually to take over the social network, which he signed a purchase agreement with shortly after.

What happened next, you probably already know, Elon Musk began to dispute the number of robots that Twitter had given him and, in a most suspicious move, raised the possibility of reducing the purchase price, strangely just as analysts began to publish data on the economic problems that this operation could cause Musk, which almost gave the impression that the buying operation would respond to impulse rather than analysis.

And now, according to a report in The Washington Post, a flurry of events and revelations in recent weeks might suggest that Elon Musk meant better and as a result, would decide to back out of buying Twitter. The problem (I think for him)? That in the contract he signed, he promised to pay $1000 million in compensation if he decided to back out and not complete the purchase. According to reports, a thorough review of all points of the contract is underway to see if there is any way to avoid having to pay this compensation.

What do you think? Do you think Elon Musk will end up owning Twitter, or do you think he’ll back down, even if it makes him look a little bad?

Source: Muy Computer

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