Elon Musk scoffs at Twitter’s Court Threat

Elon Musk scoffed at Twitter’s efforts to force him to purchase the social media company – in a tweet, of course.

The SpaceX and Tesla CEO tweeted early Monday four images of him laughing next to captions that read:

“They said I couldn’t buy Twitter.

Then they wouldn’t disclose bot information.

Now they want to force me to buy Twitter in court.

Now they have to disclose bot information in court.”

Those were soon followed by a photo of martial artist and actor Chuck Norris playing chess with only a lone pawn on his side of the board, and a complete set of pieces on the opponent’s side, with Musk tweeting “Chuckmate.”

On late Friday, Musk disclosed he was pulling out of his agreement to buy Twitter, the reason being there was lack of information about the number of Twitter users that are just bots or fake accounts. His attorney said that showed Twitter was “in material breach of multiple provisions” of the original agreement.

In response, Twitter announced it would “pursue legal action to enforce the merger agreement.”

While Elon Musk is laughing on this matter, the investors in Twitter definitely don’t find this funny. Shares of the social networking platform were down 5% in pre-early market trading Monday. Shares were already going great on April’s agreed-upon $54.20-a-share purchase price, closing Friday at $36.81.

Other tech stocks, however, are sharply lower since April, and that included shares of Tesla, the major source of Musk’s world-leading net worth. Tesla shares have taken a nosedive 31% since Musk’s initial holdings in Twitter were disclosed in April. Tesla shares were up 1% in premarket trading.

Image: wccftech.com