As Musk moves to abandon deal, Twitter faces ‘worst case scenario’
7/9/22
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from The Washington Post,
7/8/22:
In attempting to walk away from the $44 billion acquisition, Elon Musk sets the stage for a legal battle, which could carry financial risks for the social network and further darken employee morale
Elon Musk’s attempt to terminate his Twitter acquisition will likely force the social network into a protracted legal battle and send its stock price diving — thrusting a new level of chaos upon the firm after months of public disputes have battered its reputation and employee morale.
In short? “This was worst case scenario for Twitter, and now it’s happened,” said Dan Ives, the managing director and senior equity research analyst covering the tech sector at Wedbush Securities.
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