How Elon Musk’s decision not to buy Twitter could net the company a big payday

The purchase agreement calls for substantial penalties if the deal doesn’t go through.

By Shelly BrisbinJuly 14, 2022 3:56 pm,

Elon Musk said last week that he no longer wants to buy Twitter – and on Tuesday, the company sued the billionaire. If the suit is successful, Musk could end up handing over billions, with little to show for his very public attempt to change the social platform.

Tech expert Omar Gallaga says Twitter has a good chance of winning its suit and forcing Musk to pay billions.

Highlights from this segment:

– Twitter’s current stock price is considerably lower than it was when Musk made his $44 billion offer.

– Musk has continued to claim that Twitter has far more spam accounts than it has admitted, but Musk has not been able to prove those claims, even after receiving massive amounts of Twitter data.

– Continued sniping between Musk and Twitter violates the terms of the initial agreement between the parties.

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