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When Will Twitter Board Vote to Acquire Elon Musk’s Company?
There have been many questions arising in recent months as to when will Twitter’s board vote to acquire Elon Musk’s company? While Musk has been extremely vocal in his criticism of the social networking giant, it is still unclear how many Twitter shareholders will actually vote for him. Musk is reportedly trying to pause the deal. But, is he succeeding? Let’s take a closer look. Below are three possible scenarios.
Musk’s criticism of Twitter
Elon Musk recently made a series of comments about the company’s content moderation policy, and they have raised questions about whether or not he is able to overrule it. The billionaire also wants Twitter to take a harder line against spam, saying it should be more expensive to build a troll army. He also supports the idea of verified users, who would be prioritized in rankings. Musk hasn’t said exactly how he intends to accomplish this, but he’s left his own thoughts open to debate.
In addition to criticizing Twitter, Musk also attacked Vijaya Gadde, the company’s top lawyer and safety expert. This sparked some users to attack Gadde. As Twitter’s C.E.O., Parag Agrawal, attempted to defend his staff, but his stoic silence caused some employees to protest. Musk’s criticism of Twitter was unfounded, but it does point to a larger problem.
Musk’s latest tweet criticizes Vijaya Gadde, the legal head at Twitter. Gadde’s role in the blocking of the New York Post’s story on President Joe Biden’s son Hunter, triggered Musk’s response. Gadde’s comments triggered a flurry of negative tweets about the company’s moderation policies, as well as calls for Gadde’s termination.
Musk’s proposed $44 billion takeover
Elon Musk’s proposed $44 billion takeover is under fire from the tech community, but the CEO is backing off from a potential acquisition. While Twitter executives are hesitant to discuss details of their proposed deal, the CEO has changed his tone and unleashed a flurry of tweets taunting the Twitter board. Musk complained about spam accounts and said he couldn’t get insight into the problem. He even tweeted an emoji of poop.
Elon Musk, CEO of Tesla and Space X, is not interested in discussing the economics of the Twitter purchase. Musk has already hired a lawyer who is suing the company for breach of contract. The letter, signed by Musk’s lawyer, details how Twitter calculates the number of daily users. Twitter earns most of its revenue from advertising, so calculating the number of people who can see ads is a crucial metric for the company.
The deal is subject to shareholder approval. Musk’s proposed $44 billion takeover of Twitter remains uncertain despite Twitter’s board’s recommendations to shareholders. The board of directors of Twitter has repeatedly called for shareholder approval, despite the negative news surrounding Musk’s bid. Musk reiterated his willingness to move forward with the acquisition last week. However, Twitter shares are still below Musk’s offer price.
Musk’s attempt to pause deal
The latest development in the Elon Musk saga has put the $44 billion takeover of Twitter on hold while he gets more information about fake and spam accounts. The tweet sent Twitter shares down as investors questioned whether Musk would walk away from the deal. But Musk has since clarified his intentions by saying that the deal is still on track. But how many users do you think are actually fake?
Elon Musk is the world’s richest man and now he is the CEO of Twitter. As CEO, he has promised to loosen Twitter’s content moderation policies. He also lifted a ban on former President Donald J. Trump. However, the deal has been marred by controversies, including a shareholder lawsuit and an investigation by the Securities and Exchange Commission. Musk has pleaded his innocence in the matter, but it is unclear whether he will be allowed to keep his Twitter stake.
This could result in sanctions by the SEC, lawsuits from investors, and even a defamation trial. The tweets Musk sends to Twitter are a direct reference to the controversies surrounding Tesla. As such, Musk has publicly attacked the company’s lawyers and sent waves of trolls after them. Nonetheless, Twitter has not issued any statement publicly to defend the company’s executives, nor has the company responded to Musk’s allegations.
