Elon Musk says Twitter deal is 'on hold'

Yup. At the least, he has to pay a $1 billion breakup fee. That might be nothing for the world's richest guy, but he may also be liable to billions of dollars of lawsuits from people who have bought Twitter stock based on him buying Twitter. Not to mention, the Twitter board would sue him for breach of trust in addition to the fine.
If the company misrepresented the numbers of actual human users, Musk can probably back out penalty-free. If you committed to buying a car, and then found out during inspection that it had no engine, no court in the land would side with the fraudulent seller. It’s not like Elon can’t afford the best lawyers.
 

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