As you probably know, Twitter has accepted Elon Musk’s bid to buy them and take them private. Of course, all the paperwork and regulatory hurdles are still outstanding. Now, many outlets are reporting of the large financial consequences of what could happen if the deal falls through.
Meanwhile, the stock market, including Musk’s Tesla stock is falling hard and fast. That may or may not affect things as the deal unfolds but it’s certainly noteworthy in our eyes.
Meanwhile, Musk is tweeting as usual. Most recently, he lambasted the censoring of the New York Post’s Hunter Biden laptop story by Twitter in response to Saager Enjeti, who originally said:
“Vijaya Gadde, the top censorship advocate at Twitter who famously gaslit the world on Joe Rogan’s podcast and censored the Hunter Biden laptop story, is very upset about the @elonmusk takeover”
Suspending the Twitter account of a major news organization for publishing a truthful story was obviously incredibly inappropriate
— Elon Musk (@elonmusk) April 26, 2022
Musk responded:
“Suspending the Twitter account of a major news organization for publishing a truthful story was obviously incredibly inappropriate”.
The Twitter takeover deal is supposed to close by October 24th, or it could be terminated, or potentially extended. Both Twitter and Musk could be subject to a $1 Billion penalty should the deal fall through at either party’s fault.
We will be staying tuned to this wildly liquid situation as it seems anything can still happen. We are not financial analysts or experts and we advise you to seek a professional for any and all investment advice.
Earlier we reported on Twitter CEO Parag Agrawal’s possible exit plans if that comes to fruition:
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