Trump Reacts after Elon Musk Pulls Out of Twitter Deal

Another President Donald Trump responded to Elon Musk’s file that sought to withdraw from the $44 trillion deal to buy Twitter. He stated that he was aware of it.

Trump who owns Truth Social told Breitbart news “I knew Twitter had many fake accounts because I used to read .”

like everybody else.”

“I felt that the price of the company was too high,” Trump said. “The price he paid for it was outrageous .”

Last Wednesday, Musk filed a formal file with the U.S. Securities and Exchange Commission. He sought to void the deal with Twitter’s board. Musk claimed that there were too many automated accounts and bots on Twitter. Twitter retorted and stated that it will enforce the agreement and could sue Musk.

The deal was made after Musk bought a large amount of Twitter shares. This sparked speculation that Musk might enforce new content moderation policies. Musk frequently criticizes the company for its left-wing biases and targeting conservative accounts. He also attacked the firm recently for suspending Jordan Peterson.

” I called it early, and they said that ‘That deal was never going to occur,’ Trump stated in the Breitbart interview. We’ll have to wait and see how it turns out. They’re likely to say, “You owe me billion” because I heard they have very strict contracts. The contract is supposed to be “iron-clad,” but I’m not sure how that’s defined. But he made a huge deposit and I believe it will result in litigation

The former commander-in chief suggested that it was a good sign for his social media platform.

” “Personallly, I’ve something called Truth,” he stated. It’s extremely successful. It has better interactions. We have better interactions.

Filing

On the 8th of July, Musk filed a complaint claiming that Twitter had violated their contract. Musk claimed that Twitter had not given him the information he requested on fake accounts or spam for over two months.

” While Section 6.4 requires Twitter to give Mr. Musk and his advisors any data or information that Mr. Musk asks ‘for any reasonable purpose related to consummation’ of the transaction’, Musk’s SEC filing states that Twitter hasn’t fulfilled its contractual obligations.

The move will likely trigger a long-running–and expensive–legal fight as Twitter’s Chair of the Board of Directors Bret Taylor stated that the company would still pursue the deal to the richest man in the world.

” The Twitter Board has committed to closing the deal on Mr. Musk’s terms and price. It also plans to take legal action in order to enforce the merger agreement. Taylor posted a tweet declaring that he was confident of winning in Delaware Court of Chancery.