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Elon Musk's Twitter deal becomes debate topic on the platform

Jul 8, 2022
Photo illustration of Elon Musk next to the twitter logo

Photo illustration: Sarah Grillo/Axios. Photo: Dimitrios Kambouris/Getty Images for The Met Museum/Vogue

The state of Elon Musk's Twitter acquisition became a popular conversation point on Twitter yesterday in response to the Washington Post's story alleging the deal was "in serious jeopardy."

Context: The Post reported that Musk's team stopped engaging in some funding discussions and that his team continues to be concerned about spam accounts on the platform.

  • It also alleged Musk's team is "expected to take potentially drastic action" and seems to imply that means backing out of the deal.

What they're saying: Twitter commentary suggested that Musk is looking to renegotiate the deal yet this bot issue has not provided legal grounds to do so.

  • Bloomberg's Matt Levine: "[A]fter you sign the merger agreement it simply doesn't matter if you believe that you have enough information to evaluate its prospects as a business! [Y]ou have agreed to buy it! [T]hat's on you man!"
  • Wedbush's Dan Ives: "We see 3 paths ahead for Twitter and Musk. 1) deal closes without issues at $54.20 (less than 5% chance in our opinion), 2) deal happens but at a renegotiated price in the $42-$45 range (60% chance), or 3) Musk looks to exit-Twitter Board fights Musk in court battle (35% chance)."
  • Platformer's Casey Newton: "[T]his is an absurd attempt to move the goalposts, without a single shred of evidence that Twitter is doing anything wrong, that Elon just successfully laundered through the Washington Post."

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