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- With Elon Musk's latest claim of Twitter "thwarting his rights," a lawsuit seems possible.
- Twitter employees have received little information from executives, but see few other ways forward.
- Everyone is not cheering the possibility. "I hope the market will be more forgiving on the stock price."
Monday marked another day of intrigue and frustration at Twitter as employees started work with a publicly filed letter from Elon Musk, their supposed future boss. In the letter, Musk has accused the company of "actively resisting" his demands for more information on inauthentic accounts or "bots." The letter was seen as a further attempt to wriggle out of his $44 billion offer to acquire the company.
Sean Edgett, Twitter's general counsel, is the only executive to have reached out to Twitter's staff, employees say, about the new letter from Musk. The letter filed by Musk contains accusations that Twitter effectively breached Musk's rights under the merger agreement, signed just six weeks ago. Musk previously claimed the acquisition was "on hold" and publicly criticized it and Twitter leadership, moments the company addressed more comprehensively with staff.
In a brief email to Twitter workers, Edgett said he wanted to "address the filing by our acquirer and make sure you are clear on our stance." He then reiterated the company's public statement:
"Twitter has and will continue...
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