Twitter staff say no-one is in charge after Musk ‘trashes company and walks off’

Elon Musk's wallet could be about to get significantly smaller, as Twitter has launched a massive lawsuit against him for walking away from a buyout.

The social media giant is demanding that Musk finalises his $44 billion (£36bn) deal to buy Twitter after he publicly walked away.

Twitter has filed a lawsuit against Musk claiming he has breached contract law and the purchase agreement, and wants the courts to force through the merger.

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It claims that Musk is pulling out because of a $100bn drop in his personal wealth following a downturn in Tesla share prices.

The lawsuit reads: "Musk refuses to [honour] his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.

"Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he⁠—unlike every other party subject to Delaware contract law⁠—is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away."

While shareholders take Musk to court, Twitter staff say the firm is in chaos after senior staff were fired during negotiations.

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According to WIRED, anonymous Twitter employees have said that "the entire company is running on autopilot" and that "there's no strong leadership at the moment."

One worker said that "Twitter is a sh*t show internally, I can confirm that for you right now, without a doubt."

Earlier this year, Elon Musk made a huge song and dance of buying Twitter, claiming he wanted to make it a private company and rid it of spam bots.

On May 13, a little over two weeks after signing a merger agreement, Musk tweeted that the deal was "temporarily on hold pending details supporting calculation that spam / fake accounts do indeed represent less than 5 percent of users." He gave the company no advance notice of this decision.

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  • Twitter
  • Elon Musk

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