Wow: Elon Musk “Officially Terminates” $44 Billion Dollar Twitter Deal

A few months ago, a potential “white knight” rode in on his rocket with promises to restore free speech on Twitter. You remember Twitter, right? It’s the place to go if you want to be shouted down and berated for having ANY differing opinions. Cool, right?

Moderated by Tomas Kauer Moderated by Tomas Kauer
Jul 13, 2022 - 19:50
Wow: Elon Musk “Officially Terminates” $44 Billion Dollar Twitter Deal

I really hate bad news. The country is so full of bad news and buzzkill stories these days, adding another one just bums me out. Sadly, it’s 2022, and here we are!

Free speech is under assault in America daily. We know this. At least, to accurately state it, us on the right know it. Mostly because it’s the left, and social media giants working as their mouthpieces, that are attempting to choke out our right to free speech. Something about mis/disinformation. Never heard of it.

A few months ago, a potential “white knight” rode in on his rocket with promises to restore free speech on Twitter. You remember Twitter, right? It’s the place to go if you want to be shouted down and berated for having ANY differing opinions. Cool, right?

Well, not so fast it appears. Disturbing news Friday where free speech is concerned. Let’s go to Outkick for the bad news:

Speculation about the proposed purchase of Twitter by billionaire Tesla founder Elon Musk has been rampant in recent weeks.

Musk has made repeated public comments complaining about the company’s refusal to provide data on the percentage of spam accounts, leading to concerns about the deal’s completion.

Today those concerns seemingly came true, as Musk sent a letter to Twitter expressing his intent to withdraw from the purchase.

This is bad news indeed. Musk provided the ONLY glimmer of hope that Twitter could be fixed. In its current iteration it’s nothing more than a fake landscape of bots and paid influencers attempting to push a far-left agenda.

Musk recognized this, but apparently underestimated how many fake accounts there were, and in Twitter’s failure to be transparent, decided to call it quits.

“Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement, and is likely to suffer a Company Material Adverse Effect.”

The letter confirms that Musk has asked for expanded details about spam and bot accounts, and claims that “Twitter has still failed to provide much of the data and information responsive to Mr. Musk’s repeated requests.”
Musk offered an exorbitant price for the social media giant, well over what the actual value was, so it was only fair to expect transparency, but not shockingly, Twitter couldn’t do it.
Twitter is a rancid cesspool of far-left ideology, altering public opinion, burying important stories, and silencing right leaning political voices. In short, it’s a microcosm of everything that is wrong with our culture. Elon Musk was the fix.

For Twitter’s part, the company’s board announced on Friday that they intend to sue Musk to ensure the deal goes through as per the original agreement.

While this might seem like a fatal blow, Musk could simply be attempting to negotiate a better price for the company. $44 billion was always seen as a potential overpay, and with the recent collapse in share price, he could be trying to recoup some of the potential loss in value.

I find it hard to believe Twitter is offering more than token resistance in terms of threatening legal action with Musk’s withdrawal.
Best case scenario, as Outkick laid out, is Musk is simply aiming for a better price in lieu of Twitter coming clean. Makes sense since anyone that has been paying attention has been able to see evidence that many, many Twitter accounts are fake. This was put on broad display immediately AFTER Elon announced intent to purchase, when suddenly conservative commentators were adding thousands of followers overnight while libs lost thousand. Chicanery at its highest level.
Whatever the eventual outcome, this is a blow in the short term for free speech, and longer term for midterms and 2024. Let’s hope Elon is able to salvage this deal and give Twitter back to BOTH sides of the political aisle.

This story syndicated with permission from robm, Author at Trending Politics