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What’s next for Twitter now that Elon Musk wants out?

After announcing that he wants to close his deal to buy Twitter, Elon Musk spent the weekend in Idaho at the Sun Valley conference. He spoke on stage, essentially off the record, but a source in the room told CNN Chief Media Correspondent Brian Stelter that Musk tripled down on his decision to try to back out of the deal and claimed it’s all about bots .” Musk initially said he was going to fix the bot issue,” Stelter told the sources on Sunday. “The same problem he says is now preventing him from making the deal.” New York Times reporter Lauren Hirsch said there has been an interesting turn of events since news of Musk’s offer first broke. The stock market “basically fell off a cliff,” including Tesla shares, which Musk was apparently relying on to finance much of the deal. That may be part of the reason Musk seemed to cast doubt that his takeover bid would pan out — almost from the moment he did. “He would throw daggers out there and then leave and we never knew exactly what his intent was,” Hirsch said. At least until Friday, when Musk’s lawyer tweeted a letter saying he was pulling out of the deal because the social media platform “materially violates multiple provisions” of the original agreement. Twitter is fighting back, vowing to take Musk to court. And some have questioned whether Musk’s concerns about bots are just an excuse to back out of the deal. Washington Post national correspondent Philip Bump said it’s hard to tell which ones. his true motivations, but admitted that Musk is an “eccentric character.” he said.Twitter was seen by some as a “left-wing elitist organization” that was now set to be acquired and reshaped by a libertarian conservative. A potential takeover beneficiary of Musk on Twitter, former President Donald Trump, who was famously banned from the platform after the Jan. 6 violence at Capitol Hill, recently took the stage at a political rally in Alaska and called Musk a “bull (expletive) artist,” calling his decision to pull out of the Twitter deal “rotten.” “One of the big questions now is What will happen to Twitter, from its employees to its advertising revenue and its stock price. The saga has been going on since April and the workers still don’t know who will be their boss. Insider’s chief media correspondent Claire Atkinson said: “If you’re thinking about advertising on the platform, you want to know, ‘Is this product right?'” said Atkinson. “And what are their rules?” Stelter said bots are undoubtedly a problem for Twitter, although it’s not yet clear how widespread they are. But Musk may be more affected by them than the average user.”I suspect what’s going on here is that Musk has a very different experience on Twitter than the average user,” Stelter said. “He is overwhelmed by the BS responses and spam.”

After he announced that he wanted to except for his deal to buy TwitterElon Musk spent the weekend in Idaho at the Sun Valley conference.

He spoke on stage, essentially off the record, but a source in the room told CNN Chief Media Correspondent Brian Stelter that Musk tripled down on his decision to try to get out of the deal and claimed it’s all about the bots.

“Musk originally said he was going to fix the bot issue,” Stelter told Reliable Sources on Sunday. “The same problem he says is now preventing him from doing the deal.”

New York Times reporter Lauren Hirsch said there has been an interesting turn of events since news of Musk’s offer broke. The stock market “basically fell off a cliff,” including Tesla shares, which Musk was likely relying on to fund much of the deal.

That may be part of the reason Musk seemingly cast doubt on whether his takeover bid would go through — almost from the moment he made it. “He was throwing daggers out there and then he was leaving, and we never knew exactly what his intent was,” Hirsch said.

At least until Friday, when Musk’s lawyer tweeted a letter saying he was pulling out of the deal because the social media platform was “in material violation of multiple provisions” of the original agreement.

Twitter is fighting back, vowing to take Musk to court.

And some have wondered if Musk’s concerns about bots are just an excuse to get out of the deal.

Washington Post national correspondent Philip Bubb said it’s hard to tell what his true motivations are, but admitted that Musk is an “eccentric character.”

“I’m kind of fascinated by the implications of his announcement that he got involved in American politics very quickly,” Babb said.

Twitter was seen by some as a “left-wing elitist organization” that was now about to be taken over and reshaped by a libertarian conservative.

One potential beneficiary of Musk’s takeover of Twitter, former President Donald Trump, who was banned from the platform after the Jan. 6 violence on Capitol Hill, recently took the stage in an Alaskan political rally and called Musk a “bull (expletive) artist,” calling his decision to back out of the Twitter deal “rotten.”

One of the big questions now is what will happen to Twitter, from its employees to its ad revenue and stock price.

The saga has been going on since April and workers still don’t know who their boss will be, said Insider’s chief media correspondent Claire Atkinson.

“If you’re thinking about advertising on the platform, you want to know, ‘Is this product right?’ Atkinson said. “And what are their rules?”

Stelter said bots are undoubtedly a problem for Twitter, though it’s not yet clear how widespread they are. But Musk may be more affected by them than the average user.

“I suspect what’s going on here is that Musk has a very different experience on Twitter than the average user,” Stelter said. “He is overwhelmed by the BS responses and spam.”

What’s next for Twitter now that Elon Musk wants out? Source link What’s next for Twitter now that Elon Musk wants out?

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