Musk Breaks Silence Over Twitter’s Legal Threat: Tweets And More Deets

Elon Musk And twitter deal

On Monday, July 11, 2022, Elon Musk finally broke his silence on Twitter’s threat of filing a lawsuit for terminating the deal to buy the platform. Twitter had hired the best legal forms to sue Musk, the richest person in the world, after he announced that he wanted to terminate the deal of 44 billion dollars (USD).

The Tesla CEO used Twitter to troll and roast the platform itself by posting a meme. Through the post, Musk mocked the microblogging platform and shared how they are unable to show him the spam accounts that exist on the platform.

Musk and his team stated that they are terminating the contract because of the several breaches they found in the agreement of purchase. One of the main reasons behind this decision is the ambiguity that lies regarding the information of fake accounts and bots on Twitter.

After the termination of the contract, the shares of Twitter faced a major blow in the share market. According to Bloomberg, the shares of the company or platform fell to 33.93 dollars (USD) on Monday in premarket trading.

This has caused an erasure of about 2.2 billion dollars (USD) in market value. On the other hand, the shares of Tesla have climbed higher.

Elon Musk’s team had sent a letter to Twitter on July 9, Saturday, after which he stated the termination of the much talked about deal of buying the platform. 

On receiving that, the platform owners announced that they are hiring Wachtell, Lipton, Rosen & Katz LLP, one of the best law firms that are based in New York.


Ankita Tripathy

Ankita Tripathy loves to write about food and the Hallyu Wave in particular. During her free time, she enjoys looking at the sky or reading books while sipping a cup of hot coffee. Her favourite niches are food, music, lifestyle, travel, and Korean Pop music and drama.

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