Elon Musk And Twitter Are Going To Trial In October

Elon Musk And Twitter Are Heading To Demo In October

To which Musk replied with the poop emoji.

Twitter is arguing that Musk is just attempting to get out of the deal, and there is no point out of bots in the agreement, so they are beside the stage. The Twitter inventory value has dropped significantly considering that the offer was signed in April, as aspect of a general stock industry cooling, specially for tech firms. At the time of the deal, Twitter’s inventory was close to $54, but it has progressively dropped to all over $36 (it jumped up to $40 a share right after the court ruling news nowadays).

Delaware Chancery Court docket is various than a common felony or civil court in that it tends to operate really swiftly. Twitter questioned for a four-day trial, but the decide now mentioned the trial will be five times extensive. It’s unclear what will happen: Musk could finish up being compelled to pay the $1 billion price to kill the deal, or possibly an even larger cost. Or he could stop up getting compelled to buy Twitter, either at the agreed-upon price or anything lower.

Or, of class, considering the fact that it can be Elon Musk, he could just…do no matter what.