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Business July 7, 2022 2 mins read

Elon Musk May Not Purchase Twitter After All

Business ı By Gabrielle Seunagal

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USA Herald

For years on end, censorship levels on Twitter have grown. Many conservatives continue to face censorship, account suspensions, and other penalties not inflicted upon their left-wing counterparts.

Naturally, Twitter denies redacting users based on their politics; however, there have been leaked videos of Twitter employees that tell quite a different story.

Amid all the censorship and controversy surrounding Twitter and its policies, Tesla CEO Elon Musk began taking steps to purchase the company. Musk also confirmed that upon acquiring the social media site, he'd uphold free speech on the platform.

However, it has since come out that Musk may not go through with buying Twitter after all.

Why the acquisition deal could fall apart

The contention between Musk and Twitter ultimately boils down to spam bots on the site. Thus far, Twitter claims only 5% of its accounts fall under the spam bot category; although, Musk doesn't appear to believe this.

At the moment, the Tesla CEO's team has put a pin in conversations with investors. His legal team also isn't able to confirm on its own end that Twitter's reported rate of spam bots is accurate.

Thus far, it's unclear what specific steps Musk's legal team plans to take if the issue with spam bot ambiguity isn't ironed out. However, there is a real likelihood that Musk himself declines to follow through with the deal.

Meanwhile, Twitter appears more than eager to sell to Musk. Shareholders of the social media site already advised the board of directors to support Musk's acquisition.

What happens if Musk pulls out?

If the Tesla CEO decides not to go through with buying Twitter, this opens the door to all sorts of issues.

For starters, Musk could find himself facing a fee of possibly $1 billion. Furthermore, Twitter would certainly have room to pursue legal action against Musk.

However, given the issue with spam bots on the site, the door remains open for Musk to contest legal action on this grounds. The Tesla CEO could argue that Twitter wasn't completely forthcoming throughout the current proceedings.

At the end of the day, time will establish whether or not Musk ends up buying the social media site.

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Gabrielle Seunagal

Gabrielle Seunagal is a full-time freelance writer, editor, and voice actor, who worked with USA Herald from June 2017 to November 2024. She is passionate about fitness, travel, and combating human rights abuses like human trafficking and child marriage.

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