Elon Musk’s sudden about face on a $44 billion agreement to acquire Twitter came as a surprise even from the mercurial billionaire who loves to shock.
PUBLISHED 11:05 AM CDT Oct. 05, 2022 to acquire Twitter, reversing an earlier attempt to rescind that offer, came as a surprise even from the mercurial billionaire who loves to shock.
Gambles, missteps, and potential reprieves that failed to pan out, weakened an already dicey case for withdrawal. And then there is the potentially embarrassing deposition scheduled for Thursday and what most considered a long-shot chance for reprieve before a Chancery Court in Delaware in less than two weeks.
A former Twitter head of security, fired early this year and turned whistleblower, appeared to bolster Musk’s argument. Peiter “Mudge” Zatko, a respected cybersecurity expert, alleging that Twitter misled regulators about its efforts to control millions of spam accounts as well as its cyber defenses.
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