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Can Twitter Sue Elon Musk Into Submission?

Slate News

Slate Podcasts

News, Politics, News Commentary

4.56K Ratings

🗓️ 15 July 2022

⏱️ 26 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 want to, like, sum up the mood inside of Twitter right now, how would you describe it?

0:10.6

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

0:15.6

Journalist Alex Cantrowitz writes the newsletter Big Technology, and he hosts the podcast with the same name. So he's

0:22.1

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

0:27.7

very public change of heart. That includes the emotional roller coaster Twitter's 7,000 employees

0:33.3

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

0:40.8

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

0:46.5

inside the company indicated layoffs are coming, disparaged their work, and up until this week, the company really hasn't said much in their defense.

0:57.0

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

1:01.9

to try to make the deal go through, or at least cushion this spectacular blow up with a lot of

1:06.6

zeros. It's really hard to know right now where this thing is going, other than to the Court of

1:12.3

Chancery in Delaware. Alex says there are a few possibilities. So the first is that Elon does

1:19.2

buy the company for a lot of money that he doesn't want to spend and then either pawns it off

1:24.0

somewhere else or implements his vision. There is another outcome where Elon does settle

1:29.7

with the company and let's say they get $5 billion from him. That's kind of a once in a lifetime

1:35.9

cash infusion on Twitter that will make all our jobs feel pretty stable for a long time and give them

1:42.0

the resources to pursue things that they probably couldn't

1:44.5

have in their wildest dreams given the way that Twitter had been functioning up until that point.

1:49.5

So it's kind of this very interesting limbo.

1:52.9

And then I guess the last thing is that like the court in Delaware could just rule that

1:57.1

this deal doesn't need to go through.

1:59.7

It's always a possibility.

...

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