{"id":605078,"date":"2022-07-11T09:06:21","date_gmt":"2022-07-11T07:06:21","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=605078"},"modified":"2022-07-11T09:06:21","modified_gmt":"2022-07-11T07:06:21","slug":"musk-laughs-off-twitter-lawsuit-with-a-meme","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/technology\/605078\/musk-laughs-off-twitter-lawsuit-with-a-meme\/","title":{"rendered":"Musk laughs off Twitter lawsuit with a meme"},"content":{"rendered":"<p>Billionaire Elon Musk issued a humorous late-night response to Twitter\u2019s\u00a0preparations\u00a0to sue and force him to complete a $44 billion takeover of the company.<\/p>\n<p>Eschewing any words of his own, the Tesla Inc. and SpaceX chief posted a meme late Sunday featuring images of himself laughing with captions recounting one version of events over the past few months. It conveys a lighthearted attitude from the world\u2019s richest man to what has been a complex and expensive deal that\u2019s weighed on Tesla shares and gone through several iterations of provisional funding.<\/p>\n<p>Musk agreed to take Twitter private at a price of $54.20 per share in late April, after his acquiring a significant stake pushed the stock price up. Twitter shares traded at $36.81 on Friday, a third below the takeover deal\u2019s price. Musk has expressed growing discontent about the deal and argued Twitter failed to disclose essential information, such as the specific number of fake and automated accounts on the service.<\/p>\n<p>\u201cThe Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement,\u201d Twitter Chairman Bret Taylor tweeted on Friday.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"zxx\"><a href=\"https:\/\/t.co\/JcLMee61wj\">pic.twitter.com\/JcLMee61wj<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1546344529460174849?ref_src=twsrc%5Etfw\">July 11, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/mobile\/594236\/musks-buyers-remorse-wont-get-him-out-of-twitter-deal\/\" target=\"_blank\" rel=\"noopener\">Musk\u2019s \u2018buyer\u2019s remorse\u2019 won\u2019t get him out of Twitter deal<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Elon Musk issued a humorous late-night response to Twitter\u2019s\u00a0preparations\u00a0to sue and force him to complete a $44 billion takeover of the company.<\/p>\n","protected":false},"author":59,"featured_media":605080,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9878],"tags":[26],"class_list":["post-605078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/605078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=605078"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/605078\/revisions"}],"predecessor-version":[{"id":605084,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/605078\/revisions\/605084"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/605080"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=605078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=605078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=605078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}