The party’s over. Elon Musk has decided to dump his Twitter offer for $44 billion. He sent the social media company a letter today saying that even though he builds rockets, sends people into space, is the richest guy in the world, he cant figure out how many Twitter users are real.
Twitter responded by saying they don’t care, they’ll sue him to make him cough up the money.
Here’s a link to Musk’s letter.
https://www.sec.gov/Archives/edgar/data/1418091/000110465922078413/tm2220599d1_ex99-p.htm
Bret Taylor, CEO of Salesforce and chairman of Twitter responded: “The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.”
Business sites and pundits will be venting their spleens on this subject. But Joe South said it best:
