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The Twitter logo on the floor of the New York Stock Exchange following a drop in the social network’s shares due to uncertainty over Elon Musk’s reported plan to buy that company on May 16. Justin Lane ( EFE)
Twitter salseo gives us no respite. Elon Musk retires and no longer wants to save the world from prior censorship, only furniture and his flagship company, Tesla. The commission that investigates the assault on the United States Capitol does nothing more than pull the account of former President Trump to show that he would have encouraged the insurrection and now we learn that Twitter “coddled” Trump to benefit from his influence, and that the Library of Congress has also saved his drafts.
Let’s start with the chronicle of Save me from the special committee of the House of Representatives investigating the assault on the Capitol on January 6 of 2021. In these weeks, we have survived inexplicable videoconference backgrounds, smacks in the SUV or presidential vehicle between Trump and his escort, who refused to lead him to lead the assault on power that the polls had taken from him. Or the Olympic launch of spaghetti with tomato against the sacred walls of the White House by a president out of his mind. To profitably follow the appearances of this committee, one must have been addicted to the circus spectacle of the Trump presidency or have the memory of a Sorkin character in The West Wing of the White House. Thanks to Iker Sixfingers and his chronicles on the narration of the attempted coup by the forty-fifth president of the United States, anyone can catch up on what is important.
This commission has not only exposed the intensive use of Twitter by the former businessman as a communication channel through which he misinformed and harangued his followers, but it has also exposed the prominent role of the social network in the insurrection. Among the many interviews the Committee has conducted (and which have not been made public), is that of a former Twitter employee who says his internal warnings about Trump’s violation of Twitter policies were largely ignored. . The former employee, whose voice and identity were withheld, stated that he believed Twitter made it easy for Trump for years because he “enjoyed” the “power” that being his favorite platform gave it. “If former President Donald Trump had been any other user, his account would have been permanently suspended much sooner,” the witness said in pre-recorded testimony. The Committee has subpoenaed the main social media platforms in order to obtain evidentiary material related to their content management policies linked to Trump’s attempts to annul the elections.
What remains to be seen is whether all this material is enough for the Justice Department and Attorney General to take legal action. Trump is having to see it very badly to have shielded himself, already advancing the announcement that he will stand for re-election.
But the thing does not end there. As any human on the face of the earth knows who hasn’t lived on top of a pillar for the past few months, Elon Musk has made good on his threat to back out of the $44 billion Twitter buyout deal. A trifle. Twitter, of course, has not taken it well. He threatened to sue and sued promptly, demonstrating with the timing and the choice of the firm that represents him that he takes Musk’s teasing very seriously. That is why he does not want the contractual compensation of just 1,000 million dollars that would correspond to him for the tycoon’s withdrawal. He wants Musk to fulfill the contract, buy the company and pay what was promised. What will become of the social network if the judge agrees with them has already been discussed at length. The owner of Tesla, like a good troll, has said that, thanks to this lawsuit, will have access to the documents that show that the bots of the social network are more than five percent agreed and that the one who would have breached the contract is the network of the little blue bird. If he is not right, it seems that the law would give reason to the social network: the Twitter acquisition contract establishes that it can force it to conclude the operation under the doctrine of “specific compliance”, which allows the courts to compel one of the parties to a transaction to complete it. To begin with, the law would place Twitter in a winning position if it weren’t for the fact that it is slowly but ineffably bleeding to death.
The damage caused to the platform by Elon’s dalliances goes beyond the expenses, which are not few, of a frustrated operation. Not only the actions, but the possibility of Twitter to finance itself after this transfer, in the midst of an economic situation of total drought, have been greatly reduced. That Elon devalues the profiles of the network, the only asset that this company has, affirming that a significant percentage are false, is a shot in the waterline of the finances and the prosperity of the entity.
For this reason, the social network wants a trial and wants it to be possible in September. You need to stop the bleeding and cauterize the wound, while making it clear that you don’t play with your investors’ bread. The amount and complexity of the operation make one suspect that no judge is going to issue a sentence as soon as the plaintiff needs, so the possibility that the lawsuit will force an agreement is on the horizon. We’ll see how long the joke stays with Musk and if, once and for all, he doesn’t want to play with things to eat.
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