Elon Musk is backing out of his intention to buy Twitter at a much higher price than its market cap. Of course the Twitter management is going to sue somewhere around 1 Billion dollars so this could finish up being ugly. I really think Elon Musk never wanted to buy Twitter he had a lot of shares and must have made a killing when the price went up because he set up the idea he was buying it for more than it was worth. If this is true, I wonder if this is legal? Remember this guy has moved the prices of Bitcoin and Dogecoin just with Tweets.
Do you actually believe a top billionaire doesn't have a team of advisers who would have told him about the bot problem on Twiter. hell he is supposed to be a genius, he must have figured that out himself. He probably doesn't like Twitter and decided to do something about it. Personally regardless of bots I find Twitter as a place where fake news and conspiracy theories gain traction, Twitter disappearing would not be a huge loss, except of course to its shareholders. But frankly I think Musk holds way too much influence, and should be cut down a bit.