Musk said he wanted to help purge bots on Twitter before citing it as a reason not to complete the deal.
Musk has insisted he’s concerned about the number of bots on the platform, something he initially said he’d like to help fix as a reason to buy Twitter. But plenty of commentators were skeptical from the start that Musk even wanted to buy the company, instead pointing at ulterior motives. One such motive was offloading a ton of shares in Tesla to buy the company—shares he sold when the electric vehicle company’s stock price was near an all-time high.
he billionaire was legally required to publicly disclose after he’d purchased 5% of the company, something he didn’t do and profited nicely fromof Twitter, threatening to sell his huge stake if he wasn’t allowed to buy the company outright at a huge markup.Twitter is expected to file a lawsuit to force Musk’s hand sometime this week, according to Reuters,
though it’s not clear if Musk will get away with merely a slap on the wrist or be forced to make a big payout., trying to pretend that he’s not in serious legal jeopardy given the stunt he’s currently pulling.But maybe he really doesn’t have any cause to worry. He is the wealthiest person on the planet, after all. And the wealthy have a way of not facing consequences for literally anything. Only time will tell if Musk is the first rich guy to ever pay a huge price for shady activity.
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