this post was submitted on 12 Feb 2024
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Elon Musk Bought Twitter to Settle His Jet-Tracking Beef, New Book Claims (gizmodo.com)
submitted 9 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
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  • Elon Musk purchased shares of Twitter after unsuccessfully petitioning the CEO to remove a Twitter account tracking his private jet.
  • Musk's personal gripes played a key role in his $44 billion acquisition of Twitter.
  • Musk banned the account after promising not to, highlighting his prioritization of getting his way over free speech.

Archive link: https://archive.ph/ttBv9

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[–] arc@lemm.ee 6 points 9 months ago

It's worse than that. The usual way of buying a company is a memorandum of understanding followed by due diligence, followed by signing a contract and then the actual completion. Elon went straight to signing the contract and then had big old shit fit when the Twitter board held him to the terms of the contract and the penalties for pulling out.