Elon Musk to bear legal repercussions for hiw Twitter Deal?
Elon Reeve Musk, the World’s Richest man is a south African-born American Industrial Engineer, Entrepreneur, he co-founded PayPal and aerospace transportation services company SpaceX. Musk is also one of the early investors in Tesla, an electric car company, and now the chief Executive Officer of The Firm as Well.
Musk’s Status changed to a Billionaire, after joining the elite club in 2012 and just after nine years he tops the list. He had been curious about the technologies and Entrepreneurial at a very young age and there is no doubt about his intelligence, graduated from the university of Pennsylvania with degree in economics and degree in physics. when the internet started and became so popular, Elon saw many opportunities on the internet. He founded his own company Zip2 in 1995, an app which provides people Maps and business directories to online Newspaper, Man might be the Only person in this world whose failure made him a billionaire.
On April 14, 2022, Musk offered to purchase Social Media App Twitter for $43 billion, after previously acquiring 9.1 percent of the company’s stock for $2.62 billion and become its largest shareholder.
American Social Media Company Twitter
In the 20th century there is not a single person who doesn’t know about Twitter, the most popular social media Platform, it is a free social networking site where users broadcast short posts known as Tweets, and these tweets also contain text, photos, videos or links.
Currently The Social Media Company Twitter is Having some Trouble with Elon Musk, they have Filled a Lawsuit against him.
Twitter sues Elon Musk over the Purchasing Deal
Elon musk offered to purchase the Social Media Firm, but now, Musk is walking away from his deal of purchasing the company. He claimed that twitter did not aware him about the numbers of spam and fake accounts on the App. Now Twitter have Filled a Lawsuit against The Billionaire, twitter has asked the court to order Musk to complete the merger at the agreed $54.20 per Twitter share. The twitter chairman Bret Taylor tweeted that the microblogging site wanted “to hold on Elon Musk accountable to his contractual obligations”, later Elon Musk tweeted on Tuesday, “OH the Irony LOL.
Twitter has answers to every single accuse of Musk on them, because according to Twitter Mr musk have taken a step back from the deal because of his personal loss of interest from the Social Media App.
Also read: ELON MUSK GETS IN LEGAL BATTLE WITH TWITTER SHAREHOLDERS