Decoding Elon Musk’s placing of his Twitter bid ‘on hold’ ‹ Nwo Report ‹ Reader — WordPress.com

There are a few possible explanations behind Musk’s sudden move.Perhaps Musk realizes that his initial bid was too high and is attempting to compel Twitter to return to the negotiating table in order to lower the price. Legal experts say Twitter’s board would risk being sued if it agreed to a lower price without serious justification.Another possibility is that Musk is looking for a way out.It must be remembered that the stock of Tesla plummeted by 7% when Musk announced his Twitter takeover. Perhaps Tesla’s Board of Directors was not pleased that Musk plans to finance his Twitter takeover by borrowing against the value of his holdings in Tesla. Perhaps the Tesla Board thinks that Musk would become a divisive figure that hurts the Tesla brand if he took over Twitter. Maybe they pressured Musk to withdraw?Musk experienced what it feels like to be in the eye of the storm since his take-over announcement in April. For a month, some of the worst epithets known were conferred upon Musk. Musk understands that as an investor and a businessman getting along with people of all ideological and political persuasions is essential. Musk has seen how President Trump has been baselessly subjected to legal scrutiny and government investigations for merely challenging the status quo. The Securities and Exchange Commission is already investigating Musk over alleged tweets that could influence Tesla’s share price without permission from a company lawyer. The SEC is also investigating Musk’s delayed disclosure of his large stake in Twitter. Perhaps someone in Washington privately warned or threatened or advised Musk to stay away. Perhaps Musk himself wants to go back to focusing on Tesla and his space programs instead of needless hassles? Or perhaps now that Twitter’s books are fully open to inspection by Musk’s accountants and lawyers conducting his due diligence investigation, he has uncovered data that raise questions about the accuracy of the information provided to him and the public.  But a withdrawal wouldn’t be without challenges. Twitter could also sue Musk for breach of contract if he walks away without . Musk and Twitter agreed to a ‘ termination fee’ of $1 billion when the two sides reached a deal last month. But this fee won’t allow Musk to escape without consequence.There have been some unlikely explanations too.

Decoding Elon Musk’s placing of his Twitter bid ‘on hold’ ‹ Nwo Report ‹ Reader — WordPress.com

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