What Are Consumer Brands Doing In Web3, Blockchain and the Metaverse?
Learn more
Jul 28, 2022 9 min read

Elon Blames Twitter Bots For A Mess Of His Own Making.

Elon Blames Twitter Bots For A Mess Of His Own Making.
Photo by Hello I'm Nik on Unsplash

๐Ÿ”’ Elon got himself into this mess, now he's looking for a way out. Blaming it on the bots isn't going to cut it though. He's going to have to buy his way out. The question is: at what cost?

Premium Content

This article is written exclusively for Premium Subscribers.

Subscribe to Premium

w/Social Media

Elon, bless him, has wreaked havoc with Twitter. Now he's in a bind and wants out. But he's not going to get out of jail for free. The big questions are: will he or won't he? And what's it going to cost him if he does or doesnโ€™t?

The stakes are high for Elon.

If he goes ahead and buys Twitter at an over-inflated price, heโ€™ll put his empire at risk as he leverages his Tesla pot of gold to pay for it. If he doesn't, he's going to have to manipulate the market to get the Twitter price up and minimise his exposure. That won't go unnoticed at the SEC!

Which way he turns, it looks like Elon is screwed in a deal of his own making!

Taking a Chance in the Court of Chancery

Here's the thing: Musk wants out of his contractual commitment to buy Twitter.

Great! Youโ€™ve successfully signed up.
Welcome back! You've successfully signed in.
You've successfully subscribed to ๐Ÿค” Wiser! Newsletter.
Your link has expired.
Success! Check your email for magic link to sign-in.
Success! Your billing info has been updated.
Your billing was not updated.