August 20, 2022

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Elon Musk Responds to Twitter’s Legal Threat in the Possible Way

NEW YORK (CNN Business) — Elon Musk has scoffed at attempts to force Twitter to buy the company. He did it in a tweet, of course.

Early this Monday morning, Musk He tweeted that Four pictures of him smiling: “They said I can’t buy Twitter. Then they don’t want to release the bot info. Now they’re forcing me to buy Twitter in court. Now they have to reveal the bot info. In court.”

Shortly thereafter, Musk tweeted a picture of actor Chuck Norris playing chess with a single pawn on one side of his board and full pieces on the other, saying, “Chuckmate.”

Musk revealed late Friday that he was pulling out of his Twitter purchase deal, citing a lack of information on the social network’s bot-based user base. His lawyer called Twitter “violating several provisions” of the original contract.

In response, Twitter said, “Legal action will be taken to enforce the merger agreement.”

Investors on Twitter weren’t laughing. Shares of the social media platform fell 5% in pre-market trading on Monday. Shares were already far from the agreed-upon April purchase price of $54.20 a share, closing at $36.81 on Friday.

But other tech stocks have also fallen sharply since April, including shares in Tesla, the main source of Musk’s global fortune. Shares of the company have fallen 31% since Musk’s initial Twitter stock release in April.

Tesla shares rose 1% in premarket trading.