Elon Musk And Twitter Dispute: The controversy between Twitter and Elon Musk has been in the headlines for a long time. Now he has once again proposed to buy Twitter at the original offer price of $ 54.20 per share. Earlier in April, he had a deal with Twitter for about $ 44 billion at $ 54.20 per share, but due to the dispute between Twitter and Elon Musk, the deal could not be done. Let us first understand that what was the reason for the dispute between the two and on which issues could not be discussed?
Actually, Elon Musk had asked Twitter for information about fake and spam accounts many times, but it was not answered even once. Musk had told that there are around 5 percent fake accounts on Twitter, but the expert team believes that the company lied about this too and the number of fake accounts is much more than this. He accused Twitter of hiding the information of the fake account.
Why Musk wants to buy Twitter
Elon Musk wants to change Twitter’s policies and the way it works. Musk, who called himself a free speech activist, wanted to run Twitter in his own way. He says that he wants to buy it to make it a better platform. However, after a dispute between the two, he canceled the deal.
Twitter sued Musk
When Musk decided to back out of the $44 billion deal, Twitter sued him. The ongoing dispute between the two turned into a legal battle. Meanwhile, a tweet war also broke out between Twitter and Musk. In the lawsuit filed by Twitter, Twitter called Musk a hypocrite. Twitter says Musk has not fulfilled his legal obligations under the agreement.
Musk tweeted about Twitter
Elon Musk, while targeting Twitter in this tweet, said that he (Twitter) first said that he cannot buy his company. Later he said that they cannot disclose the bot (fake account) and now he wants to force me to buy twitter through the court, but now he will also have to disclose the fake account in the court.
Elon Musk’s loss
However, after the cancellation of this deal, only Elon Musk suffered the loss. Because, Elon Musk will have to pay a breakup fee of one billion dollars. This deal has been made such that they have to complete it in any case. This is the reason why he has indicated to move forward with this deal again. Along with this, it has also been said to end the legal battle regarding the purchase of Twitter.
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