Elon Musk responded to Twitter's reportedly move to file a lawsuit against him for his decision to drop his $44 billion purchase of the social media company--with a series of memes.
In the latest development of the Elon Musk Twitter feud, the tech billionaire tweeted early Monday a meme of himself laughing. The caption reads: "They said I couldn't buy Twitter; Then they wouldn't disclose bot info; Now they want to force me to buy Twitter in court; Now they have to disclose bot info in court."
— Elon Musk (@elonmusk) July 11, 2022
The tweet received more than 180,000 likes very soon. Musk has 100.8 million followers on the platform, making him one of the most popular users, according to a report from Fox Business.
Musk tweeted another Elon Musk Meme with a photo of Chuck Norris playing chess a moment later. Musk quipped, "Chuckmate."
— Elon Musk (@elonmusk) July 11, 2022
The Elon Musk Meme on Monday morning is the first from the tech mogul since Bloomberg reported on Sunday that Twitter apparently engaged prestigious merger law firm Wachtell, Lipton, Rosen & Katz LLP to represent it in an impending lawsuit.
According to the letter addressed to Twitter on Friday by the Tesla CEO's legal team, Twitter "made false and misleading promises" when Musk decided to buy the business on April 25 and has "breached" numerous terms of the original deal.
Musk's team has raised the "spam bots" issue on the online platform. Musk wants Twitter to verify that fewer than 5% of its daily active users are automated spam accounts. According to Musk, Twitter severely underreported the number of these "spam bots" using its platform.
Others have questioned whether Musk's concerns regarding the robots are merely a pretext for pulling out of the agreement.
While admitting Elon Musk is an "eccentric character," Washington Post national reporter Philip Bump claimed it's difficult to know his genuine motivations.
What Will Happen Now?
Twitter asserts that less than 5% of its active user base each quarter is composed of spam accounts.
Although it's still uncertain how common they are, bots are undoubtedly a challenge for Twitter, according to CNN correspondent Brian Stelter. Musk might be more impacted by them than the typical user.
Stelter suspects that Elon Musk Twitter experience is "very different" compared to the average user because the world's wealthiest man is "overwhelmed by BS replies and spam," as per a CNN report.
One of the major current uncertainties is what will happen to Twitter, including what will happen to its staff, advertising revenue, and share price.
According to Claire Atkinson, chief media journalist for Insider, employees have no idea about their future boss since the saga began in April.
Atkinson said: "If you're considering advertising on the platform, you want to know 'Is this product suitable And what are their rules?"
Twitter Shares Drop
After Elon Musk declared he was attempting to withdraw his $44 billion acquisition of the firm, Twitter shares fell drastically in early premarket activity on Monday.
According to CNBC, the company's shares dropped by almost 9% in American premarkets before cutting some of their losses to trade 7% lower. In contrast, the price of Tesla stock increased somewhat in premarket trading.
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