Following Tesla CEO Elon Musk’s announcement to terminate the merger agreement to buy Twitter, the social media network said it will take legal action against the billionaire, to which Musk has now responded with memes featuring actor Chuck Norris (via CNET).
Last week, Musk pulled out of a $44 billion deal to buy the social network, alleging that Twitter breached the agreement by failing to provide more information about the number of fake accounts on its site.
Today, Musk tweeted a series of captions highlighting his take on the situation.
— Elon Musk (@elonmusk)
“They said I couldn’t buy Twitter. Then they wouldn’t disclose bot information. Now they want to force me to buy Twitter in court. Now they have to disclose bot information in court,” the captions read.
This was followed by another tweet featuring martial artist Chuck Norris.
— Elon Musk (@elonmusk)
Twitter has not issued any comment about Musk’s memes. What’s your take on the situation guys?
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It depends. If he really did explicitly make the offer with clauses that said no due diligence of any kind, as is, sight unseen, then he’s going to have to pony up the cancellation fee. If he only waived initial due diligence on financials, or advised them he’s be looking for additional information before closing, twitter is on the hook.
Either way, the fall out has been to expose just how poorly run twitter has been. It’s come out that it’s basically a bunch of juvenile, SWJ activists running the show and the grown ups have abdicated any and all fiduciary duty and responsibilities to run it as a profitable enterprise. Maybe there are people that want it to run like that, but investors aren’t going to be fooled into running up their stock price again.