Connect with us

Hi, what are you looking for?


Twitter Shareholders Approve Elon Musk Buyout

On Tuesday, Twitter’s shareholders voted to approve Elon Musk’s $44 billion buyout deal that was set in motion earlier this year.

According to The Verge, sources yesterday had suggested that a vast majority of shareholders were set to approve of the bid, with the required majority being locked in before Tuesday’s meeting.

The vote comes as Musk is locked in a legal battle with the social media platform over an attempt to terminate the deal, after Musk sought data that confirmed that the number of Twitter accounts that are automated bot accounts is less than 5 percent.

Twitter sued Musk for his attempts to terminate the deal, arguing that Musk created their agreement. The trial is expected to begin in mid-October.

  • opie says:

    Clearly, if a large percentage of those on Twitter are bots, the value of the company is less than if all on Twitter were real people who might buy products from advertisers. Twitter has been scamming their advertisers and show have to reimburse them for their false advertising audience. Musk should not have to pay the full price for the company because he was let to believe there were many more users of Twitter than there really are. Do I smell FRAUD?

  • Angel says:

    Hmmmm…. We knew that.
    Wasn’t it Elon who changed his mind … or offer less because of the bots…

  • Michael says:

    There should be NO Bot accounts, the company is a fraud. I hope Elon exposes just how phony social media really is!

  • Louis Galmarini says:

    Elon Musk was only doing his due diligence when he asked for information PROVING bots consisted of less than 5% of the posters. There was absolutely NOTHING improper about it. However, Twitter, (on the other hand), KNOWS the bot %age is MUCH higher than 5%, which (obviously) DECREASES THE VALUE OF IT’S STOCK, thus making the platform worth LESS. So, to ‘cover’ for the fact that they aren’t negotiating in good faith, they attempt to make Musk look like the bad guy when he pulled out of the deal. Musk never signed ANYTHING, obligating him to go through w/ the offer. He made an OFFER to buy – PERIOD.
    Twitter is nothing more than a Chinese social media platform, existing ONLY for China.

  • Trending Today


    Target’s stock has dropped more than 10 percentage points since the company drew controversy for unveiling its latest line of LGBT products. Since the...


    “The City of Brotherly Love” has fallen. And no, this isn’t some shot at the evergreen agony that is Philadelphia’s professional sports teams. This...


    President Biden laughed and waved off a reporter Monday when asked whether he would consider a pardon for ex-President Donald Trump, who is under...


    Republican Sen. Lindsey Graham of South Carolina on Monday tweeted that he will wear his arrest warrant from Russia as a “badge of honor.”...