Mask no longer buys Twitter. The breakdown of the transaction angered everyone except trampists

Businessman Ilon Musk refused to buy Twitter, although he tried to achieve this deal for a long time and presented it as one of the largest in the IT sector.

The billionaire explained the termination of the transaction by violations of the provisions of the agreement by the company. The Board of Directors Twitter announced his readiness to sue the mask and get the purchase of social networks from it. Why did the American billionaire Elon Musk decide to terminate the deal, which, according to him, was able to influence the entire Internet, and how did they react to this in the United States?

How it all began

The American billionaire, founder of Tesla and SpaceX, Ilon Musk, said he plans to buy a Twitter social network for $ 44 billion, in mid -April. Shortly before that, he became a shareholder of the company, having bought $ 73 million for $ 3 billion.

After that, the general director of the Twitter paragraph Agrav invited the billionaire to enter the company's board of directors, calling him a “passionate supporter and a fierce critic of the service, which they just need,” but Musk refused because he decided to redeem the whole company. Twitter first opposed this deal, but on April 25, the company said that Musk would still buy a social network for $ 44 billion.

Musk called the purchase of Twitter a struggle for freedom of speech: he planned to unlock the Donald Trump account, which was forever removed from the platform for "incitement to violence"

After in January 2021, his adherents broke through to the Capitol, where at a joint meeting of the Senate and the House of Representatives the results of the US presidential election were approved.

However, on May 13, the billionaire announced the “temporary suspension” of the transaction with Twitter, until the company provides him with evidence that fake accounts make up less than 5% of the total number of users registered in the social network.

The director of the company in his social network publicly stated that according to their latest data, the number of bots on Twitter is much less than 5% and that the company is interested in their number reduced. Ilon Max answered this thread of Twitov only with a smiley in the form of shit.

On July 8, Musk said that he was finally terminating the deal to acquire the company. The letter, which the businessman’s lawyer sent the Twitter, the head legal director, says that the company “significantly violated the numerous provisions of the merger agreement”, and “the mask has reason to believe that the real number of fake accounts on Twitter is significantly higher than the“ less than five percent ”indicated by the social network. Due to these news, Twitter shares fell by 6%, and Tesla shares rose by 4%.

The chairman of the board of directors of Twitter, Brade Taylor, said that the company, in spite of everything, plans to close the transaction “at the price and conditions that have been discussed with the mask” and plans to sue to ensure that the merger agreement is ensured. “We are sure that we will win the Chancellor Court of Delaware,” Braph Taylor wrote on Twitter.

Reaction

“Ilon Musk is not the person who will save the world”, “the Republican Party loses the defender of freedom of speech”, “Ilon Musk terminated the deal with Twitter and angered the trampists” - Ilon Mask met with such headlines that he would not buy Twitter. According to American experts, what the side of the mask presents as reasons for termination is only excuses.

The BBC expert on the American IT sector James Clayton writes that the real reason is that the price of Tesla shares, which is the main source of income for the mask, has decreased greatly.

“At the end of March, Tesla stocks cost more than $ 1,000 (830 pounds) per share. Because of this, Musk was optimistic, but since April Tesla lost about a third of its cost. The Mask deal with Twitter, which they estimated at 44 billion dollars, began to seem a little overpriced to him. In addition, many Tesla shareholders began to worry that with the purchase of Twitter, the mask will have even less time for his companies Neuralink, Space X, Boring Company and Tesla, ”says Clayton.

Clayton also recalls the statements of the mask that he wants to buy Twitter to protect freedom of speech, and by “freedom of speech” means what “corresponds to the law”. Such a position of critics was called naive and harmful, because it would prompate the countries to adopt an even more laws on censorship in order to control what is happening on the social network.

“Mask said that Twitter has a clear“ left slope ”, and joked that his head office could be used as a shelter for homeless people. Many Twitter employees were then worried that his approach could negate a long -term and carefully thought -out policy of moderation, ”the expert adds.

Because of this, most of the American press, experts and users interested in situations are ironic over the magician and that he does not call the real reason to terminate the transaction.

“This is a catastrophic scenario for Twitter and its board of directors, since now the company will fight with a magician in a long lawsuit to resume a deal or receive compensation for a gap of at least one billion dollars”,

- quotes the USA today the words of the senior analyst in the stock market in the Wedbush Securities Daniel Ives.

Angelo Karuzone, president and chief executive director of the non -profit organization Media Matters for America, accused of failure of the transaction “unstable mask behavior, support of extremists and incorrect business decisions”. Musk, according to him, "clearly declared his intentions, so the right extremists welcomed this news."

It seems to be mainly to the side of the billionaire, American conservatives and trumpists who enthusiastically accepted his words that the US ex-president’s account will unlock, and the social networks will actually give carte blanche for any statements.

Experts note that a huge amount of conservative audience attracted a huge amount of conservative audience on a transaction with Twitter: if in April, before the application for the purchase of shares, the number of its subscribers was about 80 million, then after the transaction they became 100 million.

Charlie Kirk, the founder and president of the conservative non -profit organization Turning Point USA, wrote on Twitter: “Perhaps Ilon was not going to buy Twitter at all. Maybe he just wanted to expose [the number of fake accounts]. ”

Donald Trump's son said that the refusal of the mask mask means that Twitter was caught on lies about spam accounts: “So, on Twitter a huge number of spam accounts, much more than they declare.”

“I can almost guarantee that any censorship that they [the descendants of the social networks] applied 10 times. Zero chances of freedom of thought or word at the moment, ”wrote Trump Jr. in Truth Social, a social network supported by his father.

“As a result, Elon Musk will not save us,” wrote Lavern Spicer, a candidate for the American Congress from the Republican Party.