Elon Musk has responded to tweets criticizing Twitter employees despite promising not to “disparage” the company or its representatives while completing the deal to acquire the social media platform.
The world’s richest man agreed to restrictions on his tweets as part of a 95-page agreement covering his $44 billion takeover presented on Tuesday.
However, one day after the signing of the agreement, which was published on the website of the US Securities Regulatory CommissionAnd Musk responded to tweets by two political commentators that criticized Twitter employees.
musk replied on Tuesday night To a Twitter post from podcast host Saagar Enjeti reports an article claiming Twitter’s legal chief, Vijaya Gadde, became “emotional” during a meeting to discuss the deal. In the post, Enjeti referred to Gadde as Twitter’s “biggest advocate of censorship,” referring to the company’s decision in 2020 to block the sharing of a New York Post story about President Joe Biden’s son Hunter.
“Obviously, the suspension of a major news organization’s Twitter account for publishing a true story was incredibly inappropriate,” Musk replied.
His intervention sparked negative tweets from users about Ghadi, including one quoted in response stating that she would “go down in history as a horrible person,” while other posts called for her job to be lost.
Musk also responded to a potentially libelous tweet from right-wing commentator Mike Cernovich regarding Twitter’s deputy general counsel, Jim Baker, that referred to Baker’s work in a previous position at the FBI. In response, Musk wrote, “Sounds pretty bad…”
Twitter has been contacted for comment.
The agreement also stipulated that Musk would have to pay Twitter $1 billion if he withdrew from the deal. The break clause, a common feature of takeover agreements, will be triggered if deal financing collapses. Twitter will also have to pay the entrepreneur $1 billion if, say, he accepts a higher offer from somewhere else.
Musk laid out a $46.5 billion financing package for the deal and his own contribution to it alarmed investors in Tesla, who lost $126 billion in company value on Tuesday amid concerns the billionaire may have to sell shares in the electric car maker to fund it. his share. Musk is partially financing the Twitter deal with $21 billion of his equity and an additional $12.5 billion loan secured against his stake in Tesla.
The document filed with the US Financial Supervisory Authority also addresses Musk’s penchant for attention-grabbing tweets that are heavily consumed and retweeted by his 86 million followers.
The agreement states: “The Equity Investor is permitted to issue Tweets about the merger or transactions under this Agreement as long as such Tweets do not detract from the company or any of its representatives.”
According to American Dictionary publisher Merriam-Webster, the legal definition of disclaimer is: “The publication of false and harmful statements that detract from the property, business, or product of others.”
Hours later, Musk tweeted that Truth Social, Donald Trump’s rival social media platform, had outpaced Twitter and TikTok in the Apple Store.