elon musk

Elon Musk doesn’t seem particularly concerned about Twitter’s court case against him. Following the announcement of the cancellation by the billionaire, the social network has in fact declared that a complaint will be filed against the latter to force his hand. For his part, the principal interested prefers to take the matter lightly.

Credits: Daniel Oberhaus

That’s the question everyone is asking today, after Elon Musk announced he would cancel the Twitter acquisition. And now ? For the billionaire the decision seems final: too many bots swarm on the platform according to him, and the initial $ 44 billion proposal no longer holds up. Not to mention the long battle that has pitted him against society for access to accurate data on the subject.

But for Twitter, the soap opera is still far from over. Shortly after the announcement, the social network did indeed announce file a complaint against Elon Musk. The goal: to force the latter to complete the operation. The conclusion of this case could then be played in court. On the one hand, the one that will have to justify the end of a deal worth several billion dollars. On the other hand, his opponent who intends to win the jackpot.

Related: Elon Musk Gets Humiliated On Twitter After Stealing A Meme From A Satirical Site

Twitter files a complaint against Elon Musk, he is not very worried

However, this alternative is not the only possible conclusion to this story. Ronald Gilson, professor of law and commerce at Columbia University, thus evokes the possibility ofa financial agreement between the two sides. “One possible solution would be for Musk to pay Twitter an amount that reflects the loss related to Musk not making the purchase.”before pointing it out “the fight is all about the money”.

However, this possibility is highly probable. Remember: Shortly after the acquisition was announced, we learned that a clause in the contract stipulates that if the transaction were to be canceled, the manager would have to pay the other billion dollars. But this clause reveals two other unknowns. First, Twitter could decide that this amount is not enough to repair the damage caused by this case.

Given the roller coaster that Elon Musk’s interest in the social network has been in recent months, it would be difficult to blame him. The bot deal has permanently tarnished the image of the platform which, to make matters worse, he knows full well he will never get. such a favorable market compared to that proposed by the billionaire. Currently, the company is worth $ 28 billion.

Furthermore, the compensation clause could lead to another conclusion. We could in fact witness what is called “specific execution”, a legal concept that, if used correctly by Twitter, would allow it to force Elon Musk to buy. In other words, if an agreement is not reached between the entrepreneur and the company before the court goes to court, it is quite possible that the acquisition will be completed and that Elon Musk becomes the new owner of Twitter.

Either way, this eventuality doesn’t seem to make Elon Musk sweat cold. Although the latter is already the subject of multiple judicial proceedings, he prefers, as usual, take the situation lightly. As a final taunt, the billionaire took to Twitter to tease … Twitter. He just posted a meme, if you really call it that, that shows him laughing out loud.

The text says the following: “They said I couldn’t buy Twitter. So they didn’t want to provide the information about the bots. Now they want to force me to buy Twitter in court. Now they have to give the information about the bots to the court. ” That said, we weren’t expecting much more from the principal.

Source: Mashable

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