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Why is Twitter suing Elon Musk and could he be forced to buy the
company for $65 billion?
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In the latest twist in the Twitter-Elon Musk saga, the company has sued the billionaire Tesla CEO in a bid to force him to complete a $44 billion (over $65 billion) takeover.
Twitter claimed in a lawsuit filed Tuesday in Delaware that Musk’s “weird” actions and “bad faith” caused irreparable harm to the social media platform and sank its share price.
Twitter chairman Bret Taylor also said the lawsuit was filed to hold Musk “responsible for his contractual obligations”.
Legal experts say Twitter has a strong case, but the upcoming court battle could be long and controversial and the outcome uncertain.
So what’s next for Twitter and Mr Musk in the battle for the future of social media companies?
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Why is Twitter suing Elon Musk?
In short, Twitter wants to finalize the deal that both parties have agreed to, and says Musk’s reason for stepping down is just a cover for his cold feet because the takeover no longer makes financial sense to him.
A former Qantas baggage handler has exposed the chaos behind the scenes as the airline struggles to save its sinking reputation with travelers experiencing long delays and flight cancellations. The man who chose not to be named claimed that after 1,800 baggage handlers were laid off during the Covid-19 period and work was outsourced to third-party contractors, baggage was left in rooms for weeks and even planes broke down. “Yeah, when the pandemic hit, we got JobKeeper for a while and were given enforced redundancy,” he told Nine’s Today Show. ‘Many men don’t want to go. Many older men with more than 35, 30 years experience, they don’t know how to apply for jobs online. So it affects older people. An unnamed former Qantas baggage handler said the airline had suffered since it fired its experienced ground crew and replaced them with inexperienced contract workers. The former Qantas employee said morale plummeted after experienced baggage ...
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