Elon Backs Off Twitter...For Now

Elon Musk has "temporarily put on hold" his $44B purchase of Twitter. He blames bots and spam on Twitter. It's likely more like "Tesla stock tanking 20% and shareholders suing the be-jesus out of him because he's ignoring his day job. Cliff Schecter provides the breakdown and takedown of Elon's shakedown.

Elon Twitter deal on hold

Elon sued by Tesla shareholders

And sued some more

**transcript generated by third-party transcription software, please excuse any typos**

elon musk's bold plan to take over twitter for 44 billion was quote temporarily put on hold today that is correct according to the billionaire space guy himself he put it on hold because he needs to suss out how many fake and bot accounts there are i guess that affects the value problem for elon is from the beginning he said that it would depend his takeover of twitter on how it affects tesla uh oh turns out tesla stock is down 20 since he announced um it is even down more today it was down as far as six or seven percent it's come back up a little bit um when he announced his hold off on twitter uh yeah he's been smacking around tesla shareholders and they've kind of had enough as he hasn't been minding the store um there's that 20 drop we've talked about this has led numerous lawsuits which may have more to do with this a florida pension fund has sued him when he because he talked about taking tesla private in 2018 and they're still wondering what's going on he was sued by individuals who are shareholders in tesla just for the fact that he's trying to acquire twitter and they believe that that's hurting their investment and they're not too happy about it um let's see he was sued on tuesday by former twitter shareholders who claim they missed out in the recent run-up uh in its stock price um there are a lot of people pissed at him right now for spending his time sort of messing around i was going to use a worse term but i want to piss off the youtube algorithm gods um and not taking his actual investments his actual company seriously um so as it seems that this may not be happening and i may not be willing to bet you it isn't happening it's only temporary and that donald trump is only temporarily crazy um i thought we'd go back and just remember what we're losing here going through some of his greatest tweets that'll remind us that we're so unlucky i want one of those i remember you kind of videos you remember me i feel we need that so here we have um elon musk's let's call them greatest hits from may 8th if i die under mysterious circumstances it's been nice knowing ya all right good good point nice knowing you don't really know yet may 9th very bold here and also very much very existential there are no angels in war think about that one kids it may just change your life um more recently he really jumped in and took some risks uh from may 9th he also shared with us chocolate milk is insanely good just had some now if you're not thinking to yourself this is a guy we need running all sorts of major corporations including twitter and uh probably should be electing him president as the right wants to i don't know what you're thinking do we have any more gems from elon musk during that period of time tap on the stars and upper right of screen to revert to chronological okay don't disinformation that's from 18 hours ago folks don't disinformation get it disinformation he's funny too um he gets into politics biden's mistake is that he thinks he was elected to transform the country but actually everyone just wanted less drama i do think partially everybody wanted less trauma i worked on the biden campaign wrote ads for it and we didn't want this crazy person telling us to inject mr clean and that we're going to buy greenland but we also want somebody who is competent smart would handle attacks like russia's on ukraine in a way that brings the world together would help make sure people took a vaccination and trying instead of trying to stop them so that our economy would come roaring back and we'd have 3.6 unemployment you know we wanted that guy too um and we got him uh we may be at the end of this brilliant stream of thought from elon um oh it's the straw war too and wars have no angels as he said earlier so i guess in the straw war there are only devils here was his tweet from eight hours ago the straw war is emblematic of larger social issues see if you can find the greater meaning in that and finally how did it even start how did it even start seems like a good place to sort of go with how did it even start that we had to start hearing about the elon