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Elon Musk and Twitter will likely be tried in October


To which Musk responded with the poo emoji.

Twitter claims Musk is solely attempting to get out of the deal, and there is no point out of bots within the deal, in order that they’re irrelevant. Twitter’s share worth has fallen considerably for the reason that deal was signed in April, amid a common cooling within the inventory market, particularly for tech corporations. On the time of the deal, Twitter’s inventory was round $54, however it steadily fell to round $36 (it jumped to $40 per share after the court docket ruling as we speak).

Delaware Chancery Courtroom is totally different from a daily felony or civil court docket in that it tends to maneuver fairly rapidly. Twitter known as for a four-day trial, however the decide as we speak mentioned the trial would final 5 days. It is unclear what’s going to occur: Musk may find yourself being compelled to pay the $1 billion charge to kill the deal, or presumably a fair larger charge. Or he may find yourself being compelled to purchase Twitter, both on the agreed worth or at a lower cost.

Or, in fact, because it’s Elon Musk, he may simply… do something.

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