The Elon Musk-Twitter crisis continues. When Musk announced that he would buy Twitter, timid shareholders approved the acquisition and mixed things up.
The Elon Musk-Twitter crisis, which started with Elon Musk “not buying” Twitter, deepens. In April, Elon Musk came before Twitter officials with a record offer. We wouldn’t be wrong to say that this offer shocked the whole world, including Twitter. So much so that the shareholders were also shy at that time.
Elon Musk-Twitter crisis escalates, shareholders approve
However, Elon Musk, who is known for his impulsive behavior, announced that he gave up on the idea of purchasing after a few months because he was bored with the idea of Twitter. As the reason, he claimed that Twitter was not transparent with him and that he lied about the internal workings, especially bot accounts. According to Musk, Twitter deliberately gave him false information about the number of fake users and bot accounts on the platform.
Twitter took the matter to court to prevent Musk from retracting his decision. Ahead of the lawsuit, which will begin in October, initially undecided shareholders unanimously approved Musk’s $44 billion offer. Elon Musk’s proposal is for the shareholders to be hesitant at first, accepting when Musk withdraws, and Twitter telling Elon Musk “no way, just back off”. The Twitter Elon Musk process is evolving into a very interesting one.