The Twitter sale became stagnant on its deals after the many issues the company faced in recent times, and several reports claim that Elon Musk's deal with them is in danger. One of the many disputes regarding the Twitter deal is the bots that the company failed to reveal on its papers, which became a turning point in the acquisition.
Twitter and Elon Musk's Sale May Get Canceled, CEO to Opt-Out?
According to a report by The Washington Post, insiders that know information behind the Twitter deal say that Elon Musk's camp already stopped engaging and discussing the sale between them and the company. The reason remains unknown for this event that took place in Twitter's deal, especially as Musk showed determination in taking over the platform months ago.
Musk previously said that the deal is on hold due to the many disputes that his team saw on Twitter, and it talked about the bots that were undisclosed in the papers that were handed over to its buyer. Nevertheless, Musk is not going along with this venture, and according to The Verge, it includes massive names like Andreessen Horowitz, Larry Ellison, Binance, and more to back this acquisition.
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What is Happening on Twitter and Musk's Deal?
Currently, the deal is under a veil from the public, and insiders with information from the camps say that it is on the dark side as there is no progression for the acquisition. Still, the goal here is to make Twitter private and give the public a platform where they may express their explicit opinions without as much censorship as before.
Twitter's Sale: Private Company Future?
Twitter's sale is something that shocked the world earlier this year, and the company is on its way to joining Elon Musk's group of companies as a private institution that will operate online. Musk wants free speech on the internet, and the goal is to bring a platform that promotes both sides from the public with the freedom to express themselves.
Recently, the Twitter Board's approval of the deal is advancing towards this, and it only shows that they are on board with Musk's leadership and goals for the platform. Twitter is a public company now, and it makes the social media platform available for all, focusing on the many features it aims to make available for all shareholders of the company.
Despite the board approval, it seems that there is a dark cloud hanging over the sale from Musk's camp, and it may point to the many issues they discovered earlier.
Now, some reports see doubts regarding its sale, and it is because it did not have any update for a long time since it last talked about the deal from the tech CEO himself. For now, the public must wait for the information behind it, as many people are already on board with the sale that may or may not happen in the future.
Read also: Elon Musk: Biden Administration 'Troubling' for Asking Censorship on Facebook, Social Media
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Written by Isaiah Richard
