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The Twitter Lawsuit Could Be Very Bad for Elon Musk

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Elon Musk wants to walk away from his blockbuster Twitter deal, but it won’t be easy. On the latest Pivot podcast, Kara Swisher and Scott Galloway discuss the legal battles ahead, why a drawn-out court battle could be bad for the world’s richest man, and what Twitter leadership wants now.

Kara Swisher: Twitter is assembling a legal team — a very tough one — and as of our taping on Monday has plans to sue Elon Musk for dumping his $44 billion takeover of the company. It’s a necessary step here, but we’ll see where it goes. Elon is said to have hired the same firm that defended him previously in his “pedo guy” defamation case in the aftermath of his “funding secured” tweet. And Donald Trump even weighed in on the situation at a rally in Alaska over the weekend. He’s lost his friend Donald. We’re going to play that clip:

Trump: Elon is not going to buy Twitter. Where did you hear that before? From me. From me. Nah, he’s got himself a mess. You know, he said the other day, “Oh, I’ve never voted for a Republican.” I said, “I didn’t know that. He told me he voted for me.” So he’s another bullshit artist, but he’s not going to be buying it. He’s not going to be buying it.

Swisher: Wow. He actually called Elon “Leon” at the beginning of that. He was rambling quite a bit. Twitter co-founder Ev Williams tweeted, “If I was still on the board, I’d be asking if we can just let this whole ugly episode blow over. Hopefully that’s the plan and this is ceremony.” What do you think? Lower price? New prediction, Scott?

Scott Galloway: No, he doesn’t want a lower price. They’re not going to give him a lower price because they can’t trust anything he says. I want to be clear here: I have a bias, and I might be projecting. But I know these board members; I know of the abuse he has subjected them to. I know the literally thousands of man- and........

© Daily Intelligencer

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