Elon Musk pulls out of Twitter deal 😳

Elon Musk pulls out of Twitter deal. So all the news over the last few hours seems to suggest that Elon Musk is attempting to pull out of his $44 billion Twitter deal. I'd love to know what you think about this because many people, surprisingly to me, have said that this was all part of Elon Musk's plan he'd never actually intended to buy Twitter. I'm a bit naive sometimes. I could see a lot of upside in this, and I didn't think that Elon Musk would go through all of this just to pull out of the deal. So that would surprise me. And here's the thing, there's a $1 billion, um, essentially fee if you don't go through with the deal for either side. So I know Elon Musk is the richest person in the world. I know he's a multi-hundred billionaire. But is he really going to want to go through all of this for some PR stunt or some other motive and then pay $1 billion for an incompletion fee? That would surprise me greatly. But the news is, and it seems pretty credible, that Elon Musk is going to pull out of the Twitter deal. I find this Pretty sad for social media. Um, pretty sad for free speech. Pretty sad for open-source algorithms. Now look, I'd love your thoughts. Let me know in the comments what you think. This has been going on since April. In April, Elon Musk tabled a $44 billion deal to buy Twitter. Um, by the way, there's a few nuances and details at play here, so stay with me. Because John has just said here, at least it distracted people's attention for a while. So some people actually think that there's other reasons this deal isn't going through, and distracting him from his other companies and share prices of other companies being affected is one reason that's being cited. So again, I would love your thoughts. Um, now look, I personally agree with Elon Musk on this next point. So Twitter said there were 5% spam bot fake accounts. I just cannot see how that's true. Elon Musk has asked for proof, and his lawyer has said, and I'll, um, quote his lawyer: Sometimes Twitter has ignored Mr. Musk's requests, that is, for proof of 5% spam bot fake accounts. Sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it's claimed to comply while giving Mr. Musk incomplete or unusable information. So Elon Musk is saying, prove there's more than— Ariana, shh, that's my daughter. Elon Musk is asking for proof of 5% spam bot and fake accounts. He reckons there's 20%. Twitter, according to Musk's lawyers, is— are refusing to give evidence, proper tangible evidence, that there's only 5%. And I personally believe there's no way there's only 5% spam and bot accounts on Twitter. No way. What do you think? Uh, 20% spam, bot, and fake accounts? Well, apparently Joe Biden has 50%. Um, fake, bought, or whatever accounts, apparently. I don't know for sure, that's not a fact, that's just something I heard. Twitter must— I mean, they, they remove, according to themselves, 1 million fake accounts a day. 1 million a day. So in my humble opinion, without, um, any evidence, just on what I believe, there's gonna be way more than 5% spam, bot, and fake accounts on Twitter. And if Elon Musk agreed a price of $44 billion based on 5% spam bottom fake accounts, he's every right to get proof of that. And if it turns out to be 20%, then Twitter would have broken the agreement, not him, and Twitter have to pay the billion, uh, and/or he can adjust the price. So they're my thoughts. What are your thoughts? I'd love your thoughts in the comments. I'll just finish the update for you. So Elon said the deal was temporarily on hold, waiting for this data on the spam, fake, and bot accounts. He wants proof, uh, that it makes 5% or less of the users. Um, the lawyer, uh, representing Mr. Musk, Elon Musk, has said that, um, they've either rejected proof or shown unusable proof data. Um, Twitter said they remove a million accounts a day. Elon Musk reckons there's 20% or more fake, bot, or spam accounts. Shares in Twitter fell by 7% in extended trading after the announcement. Now, other people are citing the following reasons that Elon Musk might want to pull out of the deal. The stock market price for large tech companies has fallen steeply, so maybe Elon Musk offered too much now that, um, The stock market is quite a way down, so he might want to be getting the price down. Also, this acquisition of Twitter may have affected his other companies. For example, Tesla share price has fallen quite a lot. Other people think his stance on free speech and open-source algorithms is maybe naive or not going to be accepted in some countries. So these are all other reasons. That people are citing maybe Elon Musk is trying to wriggle out of the Twitter deal. I personally think there's going to be way more than 5%, um, fake accounts. And if Twitter have said that's the case, then he has every right to either pull out or drop the price. That's my opinion. I'm a bit of an Elon Musk fan, so I probably do see more upside. Maybe I'm wrong. I'd love your thoughts in the comments. Or was this all part of the plan, or is this just a distraction and noise for something else? Let me know what you think. Please hit the share button. This discussion I'm about to now mention I think is vitally important. I was very excited when Elon Musk said he was going to buy Twitter because we need better free speech. Look, the debate of free speech and what it is and where the line, you know, that's not an easy one and that's for another video. But, you know, essentially political campaigns being biased and doctored by algorithms on social media, for me that's wrong. And individuals being cancelled or deplatformed or banned or shadow banned just for opinion, for me that's wrong. And so therefore Elon Musk coming in saying he would have a free speech platform, bringing people like Trump back, having an open source algorithm. So essentially, you know, all of this manipulation and banning and shadow banning and controlling of reach can't go on. For me, this is what social media really needs, and this is what everyone wants, in my opinion. Uh, and I thought it would be a new disruptive platform that might do this. You know, there's Rumble and Getter, but I knew these would take years and billions of pounds to get anywhere. So when Elon Musk came in proposing to buy an existing platform with billions of users already, I thought, this is great. This could be the disruption social media and free speech needs. And now the deal looks like it's off, and I'm a bit sad about that. But many of you in my chat, in the comments, you think there's a more nefarious or a darker side to Elon Musk. You think there's ulterior motives. Let's have a discussion about that. I'm all up for keeping an open discussion and debate. So quick summary: Elon Musk looks like he's pulling out of the Twitter deal. He says it's because there's about 20% fake spam and bot accounts. And he was told there's only 5% and he can't get any proof of the 5%. Twitter obviously saying that he's trying to wriggle and they'll be looking for the billion-dollar cancellation fee and they want to push through with the deal as agreed. This is very, um, this is big news, big, big news. So hit the share button, let me know what you think about all of this. Um, Michelle has said, um, maybe he doesn't have the 44 bill. Look, Even if he doesn't have the $44 billion in cash, he can raise the money. Come on, Elon Musk could raise a trillion if he needed to. Now look, social media and free speech, uh, and platforms are going through great change. And maybe for the last decade, people have been naive about all their data that they've given and access by big tech platforms. And now, you know, essentially we can be manipulated very easily and controlled and canceled and deplatformed. And I push against that, and I am a fan of free speech. There is a line, uh, and for you to be able to have your say and share your opinion, and for social media to be as open source as possible, to be as decentralized as possible, and as fair and as free as possible. That's not really been happening, and I'm a big proponent for pushing for this change. So I have a decentralized platform that's completely free speech. It's called Rob.team. You can join. It costs just a large coffee. It costs one-third of what it costs to join Netflix. And you can learn how to start a business, scale a business, get better financial education and knowledge, create multiple streams of recurring income, monetize social media, use your free speech to, you know, share your passion to the world and turn it into your profession, and your information into income, and your content into cash flow. And you can learn how to do all of this for just the cost of a large coffee. To join rob.team, it's really easy. All you do is open a new page on the internet. In fact, do it right now. Just open a new page, Internet Explorer page, and just type in rob.team. That's all you have to type in. Type in now, rob.team. You can join for one-third of the subscription cost of Netflix. You can cancel anytime with no contract. You can get hundreds of hours of course material, masterclasses, Zooms, live and recorded challenges, resources, articles, interviews with millionaires and billionaires, financial resources. You name it, it's all in Rob.team for the cost of a large coffee. Cancel anytime. All the recordings going back years, immediately accessible on your phone and your laptop. So just open a new page on the internet right now Do it before I go, I've got to go in a minute. And type in rob.team. Rob.team. Um, give you an example of the content that's on there that doesn't cost you any additional fees. So these courses are $500, sometimes $1,000 depending on length, and you can gain them all free with your membership. 21 Ways to Monetize Social Media Masterclass. How to Automate Sales and Marketing Masterclass, um, the 5 Fastest Ways to $100K Masterclass is all there. Chelsea said there really is unlimited content in Rob.team, so thank you very much for that, Chelsea. Go and join Rob.team right now by opening a new page on the internet, type in Rob.team. Donna said, I agree, but I do think I'll be deplatformed if I'm not careful with what I say, don't you? Yeah, Dawn, every day when I do content, I worry about being deplatformed, and I have this ongoing paradox. Let me know if you can relate to this paradox. On the one hand, you want to speak freely and openly. You want to live your own truth and be authentic. On the other hand, you know if there's certain things you say which are true and authentic to you, you could get banned, deplatformed, or just your reach restricted. That for me is a very moral dilemma. And so in, in a certain degree, even if we are bold and we speak as freely as we can, we are still controlled. There's things I don't say and I can't say. I can't use the V word or the C word in these lives, and I'm not talking sexual words. I cannot use the V word or the C word. There has to be a line where I talk about what happened in March 2020. So as much as I try and speak freely and authentically, I have to somewhat self-police and self-regulate in order to not get banned. The thing is, there is a line though, isn't there? Because I should not be inciting violence, I should not be abusing people, which I'm not. So there is a line, and I think there should be a line. And, you know, maybe the government should intervene more on where that line is to make that really clear. It's funny because capitalists like minimal government intervention, but actually when it comes to social media and control of big tech, I think government should intervene a bit more and have clear rules on what can and can't be said and done and hold for free speech. Oh, and by the way, here's the other quandary, Dawn and everyone. It varies on each platform. So it seems that on TikTok, I can talk more about Vs and Cs and what happened in March 2020. In Facebook, it's somewhere in the middle, but in YouTube, it's just an absolute no-go. So that's the challenge as well. So this is why I was really excited when Elon Musk came in like the white knight riding in on the white stallion to save us on social media, to give us free speech. And if the deal doesn't— I think if this Twitter deal doesn't come off, we could be— we could be unwound 3 or 5 years of progress. Because for a disruptive platform like Getter or Rumble to come in and disrupt YouTube and the other channels, it's going to take too long. It's going to cost billions. Whereas Elon Musk has got billions, and taking over a platform that already had billions of users is a leap. Light-year leap jump. Trudia said, what are my thoughts on Jordan Peterson? Yeah, I thought that that tweet that he posted wasn't worthy of him being somewhat canceled. He wasn't, um, banned, but he was essentially postponed. And if he didn't agree that his post violated their terms, then, um, he wouldn't be able to post. And I didn't think anything he said was worthy of being banned or cancelled personally. So quick summary, Elon Musk looks like he's pulling out of his $44 billion Twitter deal. His reasons are he's been looking for evidence of 5% or less spake— fake— spake is a cross between spam and fake, a new word I've just designed. Elon Musk believes spam, fake, and bot accounts is more like 20%. Twitter say it's 5%. Elon Musk's looking for proof of 5% because he's put his, uh, his offer, his $44 billion offer, is based on there being only 5% spam, fake, or bot accounts. He's looking for proof. He says that Twitter aren't giving it, so he is pulling out of the deal. Twitter say they want to pursue the deal, but I— surely it's reasonable if you're— but if you're going into a shop and you're buying stock and actually the stock that's in the shop is 20% less than you said, you'd want to reduce your price buying all the stock because you get what you pay for. So surely it's reasonable for Elon Musk to work out how many users there are, and his price is based on the user base. And if there's less real users, it's reasonable that he would reduce his price. I think that that's reasonable. Yeah, a lot of people are jumping on Elon Musk's back here. So let me know what you think. Is it fair that he's pulling out of the deal? Because 20% spam, fake, and bot accounts is more likely? Or are you— is he doing some bait and switch, or was he never intending to do the deal in the first place, or has he got some other motives? Let me know in the comments. I've got to get out of here. Go and join rob.team. It's, uh, if you want to learn, earn, and invest, if you want to build multiple streams of recurring income, if you want to get better financial education and knowledge, but no point— no, no, no, no, no, no, 1% of what you'd pay for school or university or college. Um, and from someone who's actually made hundreds of millions, not people who are broke. Go and join rob.team. It'll cost you one-third of what you're paying for your Netflix subscription, less than a large coffee. You can cancel any time, there's no contract, and you can get hundreds of hours of information to help you build recurring income, work from home, side hustle, start a business, scale a business, monetize social media, and be— have financial freedom. Join rob.team. Open up a new page and type in rob.team. I'll see you there. Come on, Elon, get the deal done. Come on, Twitter, prove the spam, fake, and bot accounts. Meet in the middle. If you have to drop the price a bit, drop the price a bit. Buy Twitter, get it done. That's what I say. And if you agree, hit the share button now.