Twitter executives say they aren’t playing Elon Musk’s games. At a company town hall on Thursday, the execs told employees they will not renegotiate the price of his $44 billion takeover agreement, a source familiar with the matter confirmed to The Beast.
At a company town hall on Thursday, the execs told employees they will not renegotiate the price of his $44 billion takeover agreement—a source familiar with the matter confirmed to The Daily Beast—even as Musk tries to stir up doubt about the number of fake accounts on the platform.
Twitter’s share price is currently hovering around $38 per share, well below the $54.20 per share Musk committed to last month. The terms of the buyout agreement will make it hard for him to weasel out of the deal. It includes a $1 billion breakup fee, and the company could sue to try to force Musk to follow through on the transaction.that he was putting the buyout on hold until Twitter could prove that spam and fake accounts do not comprise more than 5 percent of its users, as the platform has publicly stated. He has suggested that the estimates are dramatically off but has not publicly offered substantive evidence.
Musk later added that he was “still committed” to the acquisition and suggested that he is open to a deal at aDays after Musk’s initial tweet, Twitter CEO Parag Agrawal attempted to outline the company’s approach to managing fake accounts through an extensiveThe shitposting billionaire continued to troll the platform on Thursday afternoon, postingMusk has found other reasons to lash out of late.
Later that day, Musk officially declared that he would vote Republican in upcoming elections after bashing “phony social justice warriors” and the “leftist agenda.”