Musk Takes The Red Pill?
The Musk Twitter takeover is devolving into delicious comedy : The CEO of Tesla had roiled the markets on Friday when he placed his Twitter takeover deal on a “temporary hold” while citing the need to gauge the exact proportion of bots or fake accounts that populated Twitter’s 229 million monetizable daily users in Q1 2022. Even though Musk had stated at the time that he was still “committed” to the deal, the CEO of Tesla recently revealed that he had received a call from Twitter’s legal team shortly thereafter for allegedly violating the Non-Disclosure Agreement (NDA). The call was prompted by a tweet from Musk where he revealed that Twitter’s in-house random sampling process used a sample size of 100. Bear in mind that Musk will have to pay $1 billion in breakup fees if the deal falls apart. This brings us to the crux of the matter. We had noted on Friday that Musk’s suspension of the takeover deal might be a ploy to renegotiate a lower price for Twitter. Well, the latest t...