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Elon Musk asks to pull out of Twitter deal; Twitter threatens lawsuit

Elon Musk asks to pull out of Twitter deal; Twitter threatens lawsuit
I don't think that that one person should have full control of the platform. I think that people should have their own voice and be able to share how they feel. You already got so much money, you already got so much stuff. Why are you messing with twitter bro? Like I'm on twitter all the time, but it's like why you go over here and binds what you're like stunting on this. You know, I just feel like if you have all that money, um it's easy to buy your way to take control over speech and stuff like that and that just shouldn't be allowed. It's like not good capitalism, this is America and I'll be frankly honest, which I wish him the best of luck. I think he'll turn it for the better.
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Elon Musk asks to pull out of Twitter deal; Twitter threatens lawsuit
Elon Musk바카라 게임 웹사이트s tumultuous $44 billion bid to buy Twitter is on the verge of collapse 바카라 게임 웹사이트 after the Tesla CEO sent a letter to Twitter's board Friday saying he is terminating the acquisition.The chair of Twitter's board, Bret Taylor, tweeted Friday that the board is 바카라 게임 웹사이트committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.바카라 게임 웹사이트Twitter could have pushed for a $1 billion breakup fee Musk agreed to pay under these circumstances. Instead, it looks ready to fight over the deal, which the company's board has approved and CEO Parag Agrawal has insisted he wants to consummate.The possible unraveling of the deal is just the latest twist in a saga between the world바카라 게임 웹사이트s richest man and one of the most influential social media platforms. Much of the drama has played out on Twitter, with Musk 바카라 게임 웹사이트 who has more than 100 million followers 바카라 게임 웹사이트 lamenting that the company was failing to live up to its potential as a platform for free speech.On Friday, shares of Twitter fell 5% to $36.81, well below the $54.20 that Musk had offered to pay. Shares of Tesla, meanwhile, climbed 2.5% to $752.29.Musk lawyer Mike Ringler wrote in the letter to Twitter dated Friday that for nearly two months, Musk has sought data to judge the prevalence of 바카라 게임 웹사이트fake or spam바카라 게임 웹사이트 accounts on the social media platform.바카라 게임 웹사이트Twitter has failed or refused to provide this information. Sometimes Twitter has ignored Mr. Musk바카라 게임 웹사이트s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information,바카라 게임 웹사이트 the letter said. It also said the information is fundamental to Twitter바카라 게임 웹사이트s business and financial performance, and it바카라 게임 웹사이트s needed to finish the merger agreement.바카라 게임 웹사이트From the beginning this was always a head scratcher to go after Twitter at a $44 billion price tag for Musk and never made much sense to the Street, now it ends (for now) in a Twilight Zone ending with Twitter바카라 게임 웹사이트s Board back against the wall and many on the Street scratching their head around what is next,바카라 게임 웹사이트 Wedbush analyst Daniel Ives wrote in a note to investors after the letter was published.On Thursday, Twitter sought to shed more light on how it counts spam accounts in a briefing with journalists and company executives. Twitter said it removes 1 million spam accounts each day. the spam accounts represent well below 5% of its active user base each quarter. To calculate how many accounts are malicious spam, Twitter said it reviews 바카라 게임 웹사이트thousands of accounts바카라 게임 웹사이트 sampled at random, using both public and private data such as IP addresses, phone numbers, geolocation and how the account behaves when it is active, to determine whether an account is real.Last month, Twitter offered Musk access to its 바카라 게임 웹사이트firehose바카라 게임 웹사이트 of raw data on hundreds of millions of daily tweets, according to multiple reports at the time, though neither the company nor Musk confirmed this. Private data, which isn바카라 게임 웹사이트t available publicly and thus not in the data 바카라 게임 웹사이트firehose바카라 게임 웹사이트 that was given to Musk, includes IP addresses, phone numbers and location. Twitter said such private data helps avoid misidentifying real accounts as spam.Ringler also alleged that Twitter broke the agreement when it fired its revenue product leader and general manager of consumers, as well announcing the layoff of one-third of its talent acquisition team. The sale agreement, he wrote, required Twitter to 바카라 게임 웹사이트seek and obtain consent바카라 게임 웹사이트 if it deviated from conducting normal business. Twitter was required to 바카라 게임 웹사이트preserve substantially intact the material components of its current business organization,바카라 게임 웹사이트 the letter said.Musk바카라 게임 웹사이트s flirtation with buying Twitter appeared to begin in late March. That바카라 게임 웹사이트s when Twitter has said he contacted members of its board 바카라 게임 웹사이트 including co-founder Jack Dorsey 바카라 게임 웹사이트 and told them he was buying up shares of the company and interested in either joining the board, taking Twitter private or starting a competitor. Then, on April 4, he revealed in a regulatory filing that he had became the company바카라 게임 웹사이트s largest shareholder after acquiring a 9% stake worth about $3 billion.At first, Twitter offered Musk a seat on its board. But six days later, Agrawal tweeted that Musk will not be joining the board after all. His bid to buy the company came together quickly after that.Musk had agreed to buy Twitter for $54.20 per share, inserting a 바카라 게임 웹사이트420바카라 게임 웹사이트 marijuana reference into his offer price. He sold roughly $8.5 billion worth of shares in Tesla to help fund the purchase, then strengthened his commitments of more than $7 billion from a diverse group of investors including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison.Inside Twitter, Musk바카라 게임 웹사이트s offer was met with confusion and falling morale, especially after Musk publicly criticized one of Twitter바카라 게임 웹사이트s top lawyers involved in content-moderation decisions.As Twitter executives prepared for the deal to move forward, the company instituted a hiring freeze, halted discretionary spending and fired two top managers. The San Francisco company has also been laying off staff, most recently part of its talent acquisition team.

Elon Musk바카라 게임 웹사이트s tumultuous $44 billion bid to buy Twitter is on the verge of collapse 바카라 게임 웹사이트 after the Tesla CEO sent a letter to Twitter's board Friday saying he is terminating the acquisition.

The chair of Twitter's board, Bret Taylor, tweeted Friday that the board is 바카라 게임 웹사이트committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.바카라 게임 웹사이트

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Twitter could have pushed for a $1 billion breakup fee Musk agreed to pay under these circumstances. Instead, it looks ready to fight over the deal, which the company's board has approved and CEO Parag Agrawal has insisted he wants to consummate.

The possible unraveling of the deal is just the latest twist in a saga between the world바카라 게임 웹사이트s richest man and one of the most influential social media platforms. Much of the drama has played out on Twitter, with Musk 바카라 게임 웹사이트 who has more than 100 million followers 바카라 게임 웹사이트 lamenting that the company was failing to live up to its potential as a platform for free speech.

On Friday, shares of Twitter fell 5% to $36.81, well below the $54.20 that Musk had offered to pay. Shares of Tesla, meanwhile, climbed 2.5% to $752.29.

Musk lawyer Mike Ringler wrote in the letter to Twitter dated Friday that for nearly two months, Musk has sought data to judge the prevalence of 바카라 게임 웹사이트fake or spam바카라 게임 웹사이트 accounts on the social media platform.

바카라 게임 웹사이트Twitter has failed or refused to provide this information. Sometimes Twitter has ignored Mr. Musk바카라 게임 웹사이트s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information,바카라 게임 웹사이트 the letter said. It also said the information is fundamental to Twitter바카라 게임 웹사이트s business and financial performance, and it바카라 게임 웹사이트s needed to finish the merger agreement.

바카라 게임 웹사이트From the beginning this was always a head scratcher to go after Twitter at a $44 billion price tag for Musk and never made much sense to the Street, now it ends (for now) in a Twilight Zone ending with Twitter바카라 게임 웹사이트s Board back against the wall and many on the Street scratching their head around what is next,바카라 게임 웹사이트 Wedbush analyst Daniel Ives wrote in a note to investors after the letter was published.

On Thursday, Twitter sought to shed more light on how it counts spam accounts in a briefing with journalists and company executives. Twitter said it removes 1 million spam accounts each day. the spam accounts represent well below 5% of its active user base each quarter. To calculate how many accounts are malicious spam, Twitter said it reviews 바카라 게임 웹사이트thousands of accounts바카라 게임 웹사이트 sampled at random, using both public and private data such as IP addresses, phone numbers, geolocation and how the account behaves when it is active, to determine whether an account is real.

Last month, Twitter offered Musk access to its 바카라 게임 웹사이트firehose바카라 게임 웹사이트 of raw data on hundreds of millions of daily tweets, according to multiple reports at the time, though neither the company nor Musk confirmed this. Private data, which isn바카라 게임 웹사이트t available publicly and thus not in the data 바카라 게임 웹사이트firehose바카라 게임 웹사이트 that was given to Musk, includes IP addresses, phone numbers and location. Twitter said such private data helps avoid misidentifying real accounts as spam.

Ringler also alleged that Twitter broke the agreement when it fired its revenue product leader and general manager of consumers, as well announcing the layoff of one-third of its talent acquisition team. The sale agreement, he wrote, required Twitter to 바카라 게임 웹사이트seek and obtain consent바카라 게임 웹사이트 if it deviated from conducting normal business. Twitter was required to 바카라 게임 웹사이트preserve substantially intact the material components of its current business organization,바카라 게임 웹사이트 the letter said.

Musk바카라 게임 웹사이트s flirtation with buying Twitter appeared to begin in late March. That바카라 게임 웹사이트s when Twitter has said he contacted members of its board 바카라 게임 웹사이트 including co-founder Jack Dorsey 바카라 게임 웹사이트 and told them he was buying up shares of the company and interested in either joining the board, taking Twitter private or starting a competitor. Then, on April 4, he revealed in a regulatory filing that he had became the company바카라 게임 웹사이트s largest shareholder after acquiring a 9% stake worth about $3 billion.

At first, Twitter offered Musk a seat on its board. But six days later, Agrawal tweeted that Musk will not be joining the board after all. His bid to buy the company came together quickly after that.

Musk had agreed to buy Twitter for $54.20 per share, inserting a 바카라 게임 웹사이트420바카라 게임 웹사이트 marijuana reference into his offer price. He sold roughly $8.5 billion worth of shares in Tesla to help fund the purchase, then strengthened his commitments of more than $7 billion from a diverse group of investors including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison.

Inside Twitter, Musk바카라 게임 웹사이트s offer was met with confusion and falling morale, especially after Musk publicly criticized one of Twitter바카라 게임 웹사이트s top lawyers involved in content-moderation decisions.

As Twitter executives prepared for the deal to move forward, the company instituted a hiring freeze, halted discretionary spending and fired two top managers. The San Francisco company has also been laying off staff, most recently part of its talent acquisition team.