Twitter sale is back on…again, Musk claims. There has been a drag on the Twitter sale for almost a year now. The sale was announced as to be done with Tesla and SpaceX CEO Elon Musk, being involved. It was a shock on the internet when he pulled out of the deal but this was not the last time, we will hear of this as he was sued by Twitter. In a shock of events even before the trial begins, it seems Musk is back with sale again. The reason why is anybody’s guess at the moment.
The main suspect is that it seems his main argument for backing down from the deal was a stunt for the public sway as he has done a couple of times on the platform. His hang-ups were about how the platform is riddled with bots. A problem he claims to have a solution for. Twitter did their due diligence as all these concerns were stated clearly in their SEC filings in the sale. Also, Twitter has the court permission to go through the email that musk said brought the claim that they were not being clear on the specifics of the bot situation. There seems to have shaken Musk’s legal team.
The announcement has had its effect once again on the platform. The news has Ye tweet for the first time in a while as he addresses Zuckerberg for not cool anymore on his platform, Instagram. It also has an effect on Twitter stocks as it rose to 22%. If anything, it shows Musk’s power on the platform both business n activity-wise with Twitter.
Not to throw a wrench in things for all excited users after the news because as things stand nothing is official yet. The Twitter Musk trial is set to proceed at the set date which is 17 October 2022. Twitter has taken precautions based on its history with Musk. However, the judge has given Elon Musk’s team till 28 October 2022 to get the ball rolling on things. If things are done by then, they return on November 2022 to proceed to the trial.
