these advertisers are actually going to come back. this is a big problem obviously for twitter. one that elon musk has himself acknowledged. he wrote in his first company email to employees this week if they don t up the revenue it s questionable about whether twitter can survive this upcoming economic downturn, and in a meeting with employees, he also raised the prospects that the company could be forced to declare bankruptcy if things just don t work out for it. so really just a big mess over at twitter, which i should remind people is, one of the most important communications platforms in the world. world leaders use it to communicate. top news organizations use it to communicate and news gather. so it could have significant ramifications if it were to no longer be alive. whether twitter manages to survive this perilous moment in its history, we ll see, but
advertisers are actually going to come back. this is a big problem, obviously, for twitter. one that elon musk has, himself, acknowledged. he wrote in his first company email to employees this week that if they don t up the revenue, it s questionable about whether twitter can survive this upcoming economic downturn and in a meeting with employees he also raised the prospects that the company could be forced to declare bankruptcy if things just don t work out for it. and so really just a big mess over at twitter, which i should remind people is one of the most important communications platforms in the world. world leaders use it to communicate. top news organizations use it to communicate and news gather. so this is going to have significant ramifications if it were to no longer be alive. whether twitter manages to survive this, this perilous moment in its history, we ll see. right now things aren t looking so good.
companies. they serve as communications platforms and important ones, but also as political activist that support and serve the political party. no other way to put it. and they suppressed the hunter biden store and going so far to walk out accounts or make sure that people can t use them as we just heard from one candidate there. even if you simply share the hunter biden story in october 2020 that broke at the new york post, your account was locked out. as kayleigh mcenany. she was the white house press secretary and that happened to her. they will keep doing this and taking a side not just midterms but obviously going ahead of the 2024 presidential election because they can. they can get away with it. we kept hearing section 230 will be repealed, reworked but these democrats in power, they will keep the super pac s around the aforementioned tech companies that we just talked about. carley: that is why
see you in delaware, we will see you in court, you better fork over the $44 billion, why is twitter saying that? they don t see any other offers but they don t see any other bidders who would match his price and they don t believe the stock is going to get it back up as high as he is offering. the twitter board, they want to cash out. they believe the shareholders want to cash out and they believe he has to pay up. this could go on for months but more likely this would go on for years in court unless there is some sort of agreement where he pays a lower price and buys the platform, or does pay that $1 billion breakup fee, but even if he pays that $1 billion breakup fee, there are big questions about the future of the platform. one of the most important communications platforms in the world and no one knows what is going to happen to it. that valuation caught a lot of people off guard. nobody thought that someone would pay that much for twitter. brian, as always, thank you so much. we
ending the deal over a breach of the original agreement. cnn chief media correspondent brian stelter has the latest. so break this down for us. what is going on with this deal or not going on? hey, fred, elon musk said this deal is off but this is the example of easier said than done. musk agreed in writing, he signed a contract to take over twitter. that was back several months ago. market conditions have changed. a lot has changed. maybe musk s point of view about twitter has changed and he is now trying to back out of the deal. but twitter is not going to make it easy for him. and the stakes are high because we re talking about one of the most important communications platforms in the world. whether you love twitter or hate it or somewhere in between, it is ann influential platform and elon musk had a lot of ideas how to change the platform. he wanted to loosen up the rules on twitter and make as he said a