Floki Inu Soars to New Heights in the Cryptocurrency Market
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2022-07-10 | Selina Mathew
Back on April 24th, the Twitter board made a deal with the owner of Tesla company Elon Musk to sell the company for 44 billion dollars. This move took the world by storm. The deal which was made one month ago is however set to be terminated by the business giant Elon Musk due to the following reasons:
Twitter has filed a strong lawsuit against Elon musk for walking away from this deal. The Twitter representative was ready to fight in the court of law so that the deal can be completed. However, the deal fell through with Elon musk agreeing to pay 1 billion dollars as compensation for the fallout.
Consequences Of The Above Fallout
In the month of March itself, Elon Musk had queries about the number of bot accounts. Twitter was asked to provide genuine information about it which they failed. Initially, Elon Musk saw Twitter as a platform to practice freedom of speech, but due to the unsettled arguments between the companies, the deal ought to be called off. The above-mentioned claims and the inability of Twitter to prove itself in court might lead to a long legal tussle.
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