The Twitter takeover has been a roller coaster ride, with Elon Musk initially expressing to their needs. for that only refuse later due to some concerns. Despite this, it was concluded in October 2022, without the billionaire admitting if the conclusion of the acquisition was forced by his throat (although it is a bit obvious). Now Musk has verbally admitted it. (via Tech Crunch)
A lot changed on Twitter after Musk officially bought it. Before the deal was struck, however, every step of the process made headlines last year, especially after Musk disclosed that Twitter’s actual user count was only inflated by the presence of les robots. And despite the repeated refusals and the conclusion of the agreement legal battle, the acquisition has been completed. In an interview with BBC journalist James Clayton on Twitter spacesMusk revisited the trip and shared why after a series of endless mind-altering decisions, he ended up deciding to just take the deal.
Clayton: So you changed your mind again and decided to buy it. Did you? Did you do this?
Musk: Well, I had to.
Clayton: Right. Did you do it because you thought a court would force you to do it?
Musk: Yes.
Clayton : Exact.
Musk: Yeah, that’s the reason.
Clayton: So you were always trying to get by. And then lawyers just advised you, “Listen, are you going to buy this?
Musk: Yes.
This admission is not really necessary since it was obvious at the time that the deal did not favor Musk in any way, especially with the announcement of the acquisition. affecting the company’s share price. Still, it sort of clarifies what really happened. But aside from that, this clarity could also likely explain the abrupt and botched changes to the company right after the Musk takeover, resulting in layoffs and the slow deterioration of the Twitter experience.
