In a June live-streamed meeting with Musk and employees, they got an up-close, albeit virtual, view, of what the billionaire is like - he inferred he would cut jobs, said he is not a fan of remote work, and praised the Chinese platforms TikTok and WeChat because they’re “not boring.” In April, several employees spoke to MarketWatch’s Jon Swartz after Musk’s initial hostile bid for the company, and their comments were scathing. Twitter employees have already had a taste of what dealing with Musk is going to be like. While Twitter employees who own stock are going to celebrate getting paid a healthy premium for their shares, the rest of their future is hazy right now. The decision by Musk to drop his ridiculous posturing means that he could now own Twitter within a week - Ives predicted in an interview with MarketWatch that the deal would be complete in seven to 10 days. As this column had previously made clear, the bot problem was a facade: Twitter had always warned about bots on the platform and Musk even said when the deal was announced that he planned to fix the situation. Then he tried to back out, saying in May that the deal was on hold while he waited for data about the number of spam bots on the platform. Musk initially made a hostile offer for Twitter, after buying up 9% of its shares, that was ultimately accepted by the company in late April. The news was the result of behind-the-scenes haggling two weeks ahead of a trial scheduled in Delaware Chancery Court, in which Twitter was suing Musk to honor the terms of his merger agreement.
7.55%, agreed to honor his original acquisition offer for the social-media company at $54.20 a share Tuesday, committing a total of $44 billion to buy the social network. “The hard part is going to be fixing it.”
“The easy part for Musk is buying it,” said Dan Ives, an analyst at Wedbush Securities.
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