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Musk achieved an acquisition offer with Twitter in April, but over the following weeks, he raised worries over spam accounts within the platform, saying Twitter experienced not provided him with an accurate estimate in their number.
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Greg Varallo from the Bernstein Litowitz Berger & Grossmann law firm observed that if Musk failed to secure funding and close the acquisition, he may be barred from boasting that he can terminate the acquisition According to the legal doctrine of judicial estoppel.[358] Ny University's Center for Social networking and Politics executive director Zeve Sanderson cautioned that if Musk have been to put off seventy five p.c of Twitter's workforce, it could make it more difficult for the company to moderate its content material.
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To be familiar with what Musk is paying for Twitter, we'd like some numbers. First, we’d like to know what income multiple the Tesla and SpaceX worker is acquiring into.
From the above, we can see that Musk is about to pay for double, or more, what other social networks are trading for when it comes to price/sales multiples.
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