Elon Musk stays mum on Twitter deal talk: Report

Elon Musk is staying mum on Twitter

Elon Musk avoided discussing the collapsed deal on Twitter, only repeating allegations of problems with fake accounts on the social media platform when he addressed an audience of tycoons on Saturday, a conference attendee told Reuters. The billionaire entrepreneur and CEO of Tesla Inc and SpaceX took the stage at the Allen & Co Sun Valley Conference, an annual gathering of media and technology executives in Idaho, less than 24 hours after announcing he was ending his $44 billion contract. buy Twitter Inc.

Musk’s arrival at the Allen & Co Sun Valley conference caused a stir this week off the record at the event, where the headlines usually take place away from the prying eyes of the media.

The interview was conducted by Sam Altman, CEO of OpenAI, an artificial intelligence research company funded by Musk and several others.

“It looks like total chaos,” said one media executive, who spoke on condition of anonymity before an interview. “The guy makes his own rules… I’d hate to be on Twitter where you have to take the guy seriously.”

Sun Valley is typically decked out like an athletic version of the Met Gala, with photographers capturing the arrivals of media moguls in woolen vests and reporters chronicling lunches at the grounds’ Konditorei cafe.

One Hollywood power-broker expressed hope on Friday that a conversation with Musk would revive the laid-back, cerebral atmosphere of the conference this year.

Hours later, Musk’s lawyers delivered an eight-page letter to Twitter saying he planned to withdraw the deal to acquire the social network. A filing with the Securities and Exchange Commission said Twitter did not respond to repeated requests for information over the past two months or obtain its approval before taking actions that would affect its business — such as firing two key executives.

Until then, conversations in media circles had focused on Wall Street’s reevaluation of the streaming business in the wake of Netflix Inc.’s subscriber losses. One digital media executive said Hollywood, usually insulated from the recession, is suddenly worried about how the deteriorating economy will affect their multibillion-dollar investments in streaming services.

“For the first time, people are realizing that the economy is affecting the entertainment industry because inflation is affecting churn,” the digital media executive said, referring to subscribers leaving the service. “Now people are like, ‘Wow, are people really going to pay for three of these things?

After Musk’s announcement, one CEO noticed an elephant in the room — Saturday’s remarks could be uncomfortable for two conference attendees: Twitter CEO Parag Agrawal and CFO Ned Segal.

One of Musk’s last public messages to Agrawal came in the form of a poop emoji tweet in response to the Twitter CEO’s defense of how the company charges spambots.


I am Sanjit Gupta. I have completed my BMS then MMS both in marketing. I even did a diploma in computer software and Digital Marketing.

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