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Can Twitter Sue Elon Musk Into Submission?

Slate Daily Feed

Slate

News, Society & Culture, Business

3.91.1K Ratings

🗓️ 15 July 2022

⏱️ 27 minutes

🧾️ Download transcript

Summary

Dysfunction is nothing new to Twitter. But Elon Musk pulling his offer to buy the company adds a new layer of chaos.

Guest: Alex Kantrowitz

Host: Lizzie O'Leary


Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

If you had to, like, sum up the mood inside of Twitter right now, how would you describe

0:09.6

it?

0:10.6

It's pretty ugly in terms of the way that the employees are reacting to this.

0:15.8

Journalist Alex Cantrowitz writes the newsletter Big Technology, and he hosts the podcast

0:20.2

with the same name.

0:21.4

So he's been following every twist and turn in the saga of Elon Musk's bid to buy Twitter

0:27.0

and his very public change of heart.

0:29.8

That includes the emotional roller coaster Twitter's 7,000 employees have been on.

0:34.6

They feel like they've been left out to dry by their CEO, who has now pursued this

0:40.9

deal to somebody who doesn't want to buy the company and has promised big changes inside

0:46.8

the company.

0:47.8

Indicated layoffs are coming, disparage their work.

0:51.9

And up until this week, the company really hasn't said much in their defense.

0:56.9

Now, following Musk's announcement that he does not want to buy Twitter, the company

1:01.2

has sued to try to make the deal go through, or at least cushion this spectacular blow

1:05.7

up with a lot of zeros.

1:08.1

It's really hard to know right now where this thing is going other than to the court of

1:12.2

chanceery and Delaware.

1:14.4

Alex says there are a few possibilities.

1:17.4

So the first is that Elon does buy the company for a lot of money that he doesn't want

1:21.5

to spend and then either pawns it off somewhere else or implements his vision.

1:26.6

There is another outcome where Elon does settle with the company.

...

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