On Saturday, July 9, Twitter employees revealed they were barred from tweeting or talking about the failed $44 billion takeovers of Tesla CEO and billionaire Elon Musk.
Twitter Bans Employees to Talk About Musk Deal
According to The Verge, the employees received a memo on July 8 from Sean Edgett, Twitter's general counsel.
The social media company said they refrained from "tweeting, slacking, or sharing any commentary about the merger agreement" with Musk.
Edgett added that Twitter would continue to share information about the merger when they are able but asked employees to limit what can be shared in the meantime.
The Twitter general counsel also described the failed merger agreement as "an uncertain time," for the company.
The employees of the social media giant have increasingly been outspoken as Musk has attacked them, their work, and the platform over everything, from content moderation to how it makes money.
After Musk and his team withdrew their offer, Twitter's board of directors vowed to file a lawsuit against Musk for backing out of the $44 billion agreement, according to CNET.
Musk, on the other hand, has not tweeted since he announced that he would no longer purchase Twitter. His last tweet was on July 7 regarding a product development at Tesla.
Musk Backs Out of Twitter Deal
On July 8, Elon Musk announced that he was pulling out of a $44 billion deal to purchase Twitter. His decision came after months of presenting himself as someone who could provide free speech for everyone on the social media platform.
Musk said in a letter that was sent by his lawyer that Twitter breached several parts of the merger agreement by not providing more information about how it estimates the number of spam accounts on its social media platform.
Twitter has reported that in the first three months of 2022, fewer than 5% of the platform's 229 million users were fake or spam-focused, but Musk said that the number might not be accurate.
Bret Taylor, the chairman of Twitter's board of directors, said that the company still wants to close the deal with the Tesla CEO.
Taylor said that the board is committed to closing the transaction on the price and terms they've agreed upon, and they plan to pursue legal action to enforce the merger agreement.
The social media company will pursue legal action in the Delaware Court of Chancery, according to BBC.
Musk's letter also outlines other information that he claimed Twitter has not handed over, including information about the company's financial conditions and more details about how the company calculates daily users who can see ads.
The letter also says that Twitter has provided Musk with data, but some of the information is "minimally useful."
Musk also said that an early analysis suggests some of Twitter's public disclosures of daily users are either false or misleading.
Musk's letter further alleges that Twitter beached another part of the agreement after it fired key executives, laid off staff, and froze hiring without talking to him about it first.
Related Article: Elon Musk To Meet Twitter Employees in Virtual Town Hall Meeting; Schedule, Discussions, and Other Details
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Written by Sophie Webster
