Elon Musk scams Twitter & pulls out of $44bn Twitter deal

Elon Musk scams Twitter & pulls out of $44bn Twitter deal

Elon Musk scams Twitter as the billionaire is seeking to end his $44bn (£36bn) bid to buy Twitter, alleging multiple breaches of the agreement.

However, it is understood by certain sources Musk never had the intention of buying it, he was just simply window shopping.

And as the richest man in the world, he needs to show off his wealth and power.

The idea that the deal fell through because of fake followers, is not plausible. Twitter’s value is something Musk has revelled in, and his cryptic tweets as well as ‘insider trading’ tweets have always go the traction he wanted.

Elon Musk scams Twitter

Elon Musk relies heavily on being in the news as his brands live off his name and presence in the media.

He famously leads a 0 advertising budget for his brand Tesla but has a billion-dollar PR budget which puts him and product placement in all the right places.

The announcement is the latest twist in a long-running saga after the world’s richest person decided to buy Twitter in April.

Mr Musk said he had backed out because Twitter failed to provide enough information on the number of spam and fake accounts.

Twitter will sue Musk as he pulls out of $44bn Twitter deal

Twitter says it plans to pursue legal action to enforce the agreement.

“The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk,” Twitter chairman Bret Taylor wrote in a tweet, setting up a potentially long and protracted legal battle between the two sides.

The original merger agreement includes a $1bn (£830m) break-up fee.

Shares in Twitter fell by 7% in extended trading after the announcement.

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