Elon Musk Is About To Stop Buying Twitter

Announcing that he would buy Twitter at the beginning of last April, Elon Musk submitted a $44 billion offer for the company. But over the following weeks, tensions arose between Twitter and Elon Musk, and the number of bot accounts on the platform created a great controversy. With all these discussions Elon Musk may stop buying Twitter started to be talked about.

Musk, who suspended his Twitter purchase after the discussions, continued to share about Twitter from time to time. of The Washington Post The new news had a great impact. According to the news based on three anonymous sources, Musk is on the way to stop buying Twitter. progressed further.

Elon Musk ended financial talks:

According to the sources, Elon Musk completely stopped getting into “specific” discussions about financing the Twitter purchase. In other words, Elon Musk will join names such as Binance and Saudi Prince Al-Walid bin Talal to date. He ended talks with supporters. This indicates that Elon Musk may have given up on buying Twitter.

If Elon Musk gives up on buying Twitter, Musk will go to Twitter in accordance with the agreement signed between the platform and himself. with a $1 billion penalty may be liable. Because, in the agreement made, it states that the agreement should be canceled by one party and a penalty of 1 billion dollars should be paid to the other party.

Just as this news broke, layoffs took place on Twitter:

While the possibilities of Elon Musk giving up on buying Twitter continue to be discussed, it has been announced that Twitter has laid off dozens of employees. In this incident, which was also confirmed by the Twitter official, it was reported that one-third of the team responsible for recruitment in the company, whose number was below 100, was dismissed.