Everything Elon Musk Just Said About Twitter Fees, Changes & Layoffs
Elon Musk spoke with Twitter employees on Thursday and detailed some of the changes he would make. It's been a never-ending saga since Musk bid to buy Twitter on April 14. First, it appeared he didn't even have enough assets to buy the social media company. Then he figured out funding and Twitter accepted his bid on April 25. There was also a clause written into the deal that Musk wasn't allowed to tweet anything negative about Twitter while the deal was pending, which he, of course, broke. He also broke a non-disclosure agreement (NDA) with them.
The saga continued when Twitter released its bot data, which Musk refuted and did his own calculations. He then asked Twitter for its data, but the company was silent for a while before agreeing to release it to him. Through all this, it's been unclear if Musk would go through with the deal. If he does back out, though, he will have to pay $1 billion to Twitter. He claimed that Twitter broke the agreement when it refused to give him the data about the bots. If that were considered breaking the deal, Twitter would have had to pay $1 billion to Musk to back out. The agreement is on pause at the moment, but it appears that Musk is making plans for how to run Twitter.
Related: Elon Musk's Tip To Fix Your Twitter Feed Is One You Should Already Know
Both Bloomberg and The New York Times gave live updates from sources in the Twitter meeting as the meeting was not open to the public. It appears that Musk tuned into the conference via a cell phone from a hotel room. The Twitter employees asked him various questions but one that was missing was Musk's commitment to buying Twitter. They were more concerned about the changes that would be made if he went through with the deal. He wants
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