New Delhi: Tesla owner Alon Mask has canceled a Twitter deal. In April, Musk offered to buy Twitter. The deal was worth 44 billion. Crisis clouds hovered over the deal from the start. Sometimes shareholders, sometimes bots and mostly Elon Musk are the reasons for breaking this deal. Musk has already put the boats deal on hold. Employees have expressed “distrust” and “fatigue” after receiving information that the deal had been canceled. Twitter is preparing to take legal action against Musk after the deal was canceled. On the other hand, Elon Musk said on canceling the deal that Twitter has broken many rules of the 44 billion deal. In particular, rules such as removing spam or bot accounts and correct details of certain executives and recruiters have been broken. The chairman of Twitter has said the board will take legal action against Musk.
Will Elon Musk pay the fine?
The deal, which began in April, is now over. After nearly three months of continuous discussion, Twitter employees believe the next trip could be more tiring. One of the interesting things about this deal is that it deals with cancellations To Elon Musk 1 billion is a penalty of Rs. 1 billion. Twitter or Elon Musk, who withdrew from the deal, will have to pay a 1 billion penalty to the other party. “I can’t believe it’s all over,” said one employee, according to a report. As well as other employees have called it the end of the first season. If Musk proves the allegations against Twitter in court, he will not have to pay the fine. Instead it will become difficult for Twitter. The current chairman of Twitter has spoken of going to court over the matter.
The employees were outraged
The company’s employees are outraged after Elon Musk canceled a 44 billion Twitter deal. Many employees have taken to social media to vent their frustrations. Some employees accused Musk of taking steps to reduce the purchase price, while others accused him of fraud. One employee said, “I can’t believe the deal is done.”
Twitter removed 30 percent of employees from the HR team
The micro-blogging site Twitter has reported massive layoffs. Twitter said the company has shown its way out to about 30 percent of its talented HR team. The move comes as part of growing business pressure on Elon Musk and the ongoing acquisition of Elon Musk’s company, the company said in a statement.