After much speculation, late last month, Tesla CEO Elon Musk bought the micro-blogging platform Twitter for 44 billion (approximately 33.62 billion). Naturally, this has had a huge impact on the tech world.
But in the wake of the recent acquisition of the social networking site, netizens seem to be witnessing quite an embarrassing situation. Not only that, but the future of Twitter is in question. In fact, there is an agreement between Twitter authorities and the world’s richest man Elon Musk, which will take months to complete. The deal, meanwhile, has become the subject of daily controversy before it can take effect. Even this time the shareholders of the company have filed a case against Mask. But why so much fuss?
Twitter’s share is declining due to the mask
The transfer of ownership of Twitter is in a state of disarray! In fact, Elon Musk is now thinking of new ideas, even though he spent a lot of money to buy the platform. Last week, he said that he would not take over the Twitter account until he received information about the existing spam account. Musk also claimed in many of his tweets that many accounts are run by bots. He spoke in support of the US Alliance, but said that maintaining some independence was important. And since the publication of his statement, the share price of the company has been declining.
In that case, Twitter shareholders complain that the share price is constantly falling because of the mask. According to them, Musk wants to get rid of the 44 billion deal and buy Twitter at a lower price; And that’s why he’s deliberately trying to lower the company’s share price. Elon Musk has also been accused of making suspicious statements about the deal. A shareholder has filed a lawsuit in federal court in San Francisco seeking total compensation.
Jack Dorsey resigns from Twitter’s board
There is no doubt that the world’s most popular micro-blogging site is now in turmoil. Jack Dorsey, Twitter’s founder and former CEO, recently resigned from the company’s board. Dorsey’s relationship with Twitter has come to an end after this resignation, with the company and Twitter fans also disappointed!