twitter is fighting Elon musk for the company's future and
the battleground is a court in Wilmington. Delaware musk
, the world's richest man agreed by twitter for$44
billion back in april waving due diligence. Then,
only three months later, the Tesla and SpaceX Ceo
had a change of heart that coincided with a broader
market downturn. Now musk is trying to abandon the
deal, Twitter has been lying about how many of
the accounts on the service are bots or spam musk
argues that more bots means fewer real people who can
see or click on ads. Twitter says that musk's
claims are bogus and that the billionaire hasn't actually offered
any proof that the company has been lying about its
user base. Now the social media company is taking
us to court and asking a judge to force him
to follow through On his$44 billion Twitter executive has
turned whistleblower coming forward to claim that the company has
been lying about the number of bots on this platform
. And now Elon Musk is using the whistleblower to
try and walk away from the deal. If Twitter
wins in court must have to pay shareholders$54.20 per
share well above where the stock has been trading in
recent months. That might delight shareholders, but twitter
would now be owned by a man who doesn't want
to own the company, A less drastic outcome could
be that musk pays a smaller settlements, still several
billion dollars but then walks away from the deal.
If musk wins, twitter's future looks murky, the
company's stock would likely crater, and employees who have
spent the last six months in utter chaos would suddenly
have to pick up and keep working like nothing ever 00:01:33.025 --> happened.