How weird could things get if Twitter settles with Elon Musk
Written by Peter Boykin on July 16, 2022
Shared By Peter Boykin – American Political Commentator / Citizen Journalist
How weird could things get if Twitter settles with Elon Musk?
How Weird Could Things Get If Twitter Settles With Elon Musk?
As Elon Musk’s imbroglio with Twitter moves from the boardroom to the courtroom, one might expect that, under the watchful eye of Delaware’s Court of Chancery, things will take on a more predictable trajectory than they have so far.
“Since signing the merger agreement, Musk has repeatedly disparaged Twitter and the deal, creating business risk for Twitter and downward pressure on its share price,” the company complained in the filing.
Though Twitter alternatives have historically struggled to enter the mainstream, this is a threat Twitter doesn’t take lightly.
In its lawsuit, the company noted that Musk has said he will “Do one of three things with Twitter: sit on its board, buy it, or build a competitor” – the first of which he’s opted out of, and the second of which he seems to be actively trying to avoid.
“The biggest wildcard scenario is that Musk needs to pay Twitter a massive settlement number in the $5 billion to $10 billion range and is restricted from starting his own social media platform,” said Wedbush analyst Dan Ives, a frequent commentator on the Musk-Twitter saga, in an email to The Times.
Musk could even use a settlement as an opportunity to push for certain policy changes – from highly politicized ones such as those around how Twitter moderates users’ speech, to the sort of hobbyhorses that super-users like him care about, including the addition of an “Edit Tweet” button.
“If Musk ultimately is forced to take ownership of Twitter by the court,” he said, “There may be some content areas agreed upon as part of a deal.”
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