Elon is putting Twitter at risk for billions in fines - sources say

According to an article at The Verge, an internal slack message at Twitter spells out the risks Elon is frosing on Twitter



According to several media, the deal has been completed. Musk immediately fired senior executives and threatens to bring all life-banned accounts back in the name of “free speech”.

Feels like a Zombie Awakening moment.

NYTimes: Yes

Elon Musk: Stop court case and I'll pay

According to this SEC 13D Filing from 2022-10-03, Elon Musk offers to pay as agreed in April when the court case and proceedings are stayed.

[…] provided that the Delaware Chancery Court enter an immediate stay of the action, Twitter vs. Musk, et al. (C.A. No. 202-0613-KSJM), and adjourn the trial and all other proceedings related thereto […]

BBC: Yes

Bloomberg, BBC - YES. Trading halted.

According to Bloomberg and the BBC the deal has been accepted on the original terms by Musk.

Twitter shares have been suspended following a report that Elon Musk will proceed with a takeover of the social media platform.

Mr Musk is set to buy Twitter at the original price he offered months ago before he walked away from a deal, according to Bloomberg News.

BBC: Yes

Elon Musk subpoenas Jack Dorsey, Twitters former CEO

The Schedule A+B ask for Dorsey to produce documents and electronic information/communication about the merger, the impact or effect of false or spam accounts, Twitter’s use of mDAU as a “Key Metric,”, process or workflow that Twitter uses, has used, or has discussed or considered using to detect and label accounts as spam or false and some more things.

mDAU is a Twitter term for “monetizable daily active usage or users”.

Court: no delays, trial in October

Delaware judge rules that a trial will take place in October, dealing Musks ask for delays a blow.

Twitter sues Musk in Delaware

Twitter files against Musk in Delaware Court of Chancery.

Elon Musk wants out

Elon Musk files with the SEC that he is stepping away from the deal.

Elon Musk puts deal on hold - bots

Elon Musk announces he doesn’t believe the Twitter numbers with regards to 5% bots and puts the deal on hold.

Elon Musk announces he holds 9.2% of Twitter shares

Elon Musk announces he now holds 9.2% of Twitter shares, becoming Twitters biggest shareholder. In the SEC filing he also states that he wants to be more involved with Twitter. A board position is agreed.

Elon Musk starts buying Twitter shares

Elon Musk quietly starts buying Twitter shares.