Friday, July 8, 2022

Twitter Says It's Going to Sue Elon Musk for Trying to Back Out of Takeover Deal

Folks see Musk as a free-speech savior, so it'd be a bummer if the deal doesn't go through. That said, frankly, Twitter's valuation was below $44 billion when Musk first made the bid. It's dropped precipitously since then, not to mention the market value of Musk's Tesla electric car company, whose stock was being used to leverage the deal. 

We'll see, in any case. It's still awful bad on that hellsite. 

At the Verger, "Twitter says it’s going to sue Elon Musk for trying to back out of the deal."