Elon Musk Visits Twitter HQ With An Approaching Deal Deadline

Elon Musk has posted a video of himself carrying a sink into Twitter’s headquarters, raising questions about the fate of his planned takeover. The billionaire has until Friday to complete the $44 billion purchase, which he announced months ago but then attempted to abandon.

He agreed to proceed earlier this month, just weeks before a court trial over those actions was set to begin.

“Entering Twitter HQ – let that sink in!” Musk wrote.

He also updated his bio to read “Chief Twit”.

Musk has stated that the social media platform requires significant changes. According to one report, he is planning significant job cuts.

It was unclear whether Musk met with executives at Twitter on Wednesday, but he listed his location on the social media platform as the Twitter headquarters in San Francisco.

When Elon Musk first announced his intention to buy Twitter, he stated that he wanted to clean up spam accounts and keep the platform as a venue for free speech.

But Musk, the world’s richest man and a frequent Twitter user known for his impulsive style, backed out of the deal just a few weeks later, citing concerns that the platform’s fake account count was higher than Twitter claimed.

Twitter executives denied the allegations, claiming Musk wanted to leave because he was concerned about the price. It eventually filed a lawsuit to compel Musk to honor the agreement, and Musk revived his takeover plans for the company on the condition that legal proceedings be halted.

Investors were skeptical that the takeover would go through, especially since Mr Musk was offering a hefty price for a company struggling to attract users and grow. However, the agreement must be completed by October 28, or he will face a contract trial.

“I’m excited about the Twitter situation,” Mr Musk said during a recent Tesla earnings call.

“I think it’s an asset that has just sort of languished for a long time but has incredible potential, although obviously myself and the other investors are overpaying for Twitter right now,” he added.

It comes as Tesla, the electric car company, is reportedly facing a criminal investigation in the United States over claims that its electric vehicles can drive themselves.

According to reports, the US Department of Justice launched the investigation last year following more than a dozen crashes, some of which were fatal, involving Tesla’s driver assistance system known as “Autopilot,” which was in use at the time of the accidents.

During the same call, Mr Musk stated that Tesla would soon release an upgraded version of “full self-driving,” despite the fact that the company’s website states that customers must keep their hands on the steering wheel and maintain control of their vehicles even when using the Autopilot feature.

There were no comments on the issue from Twitter and Tesla.

(Adapted from Time.com)


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