Sources told the American "Axios" website, that a number of friends of billionaire Elon Musk advised him "secretly" not to acquire Twitter, as soon as they realized that he was not joking about that deal.



The sources added that "Musk did not take the advice, and is now trying to back down from completing the $44 billion acquisition of the social media platform," with a trial date set next month in Delaware.

The site quoted sources described as close to Musk, saying that they "do not question or dispute his credibility about removing content restrictions on the platform," and they also believe that he has the ability to improve Twitter's products.

But they feared he "underestimated the issues with Twitter, and how that might distract from the efforts at SpaceX and Tesla, which they think are more important to him."

The site stated that other close friends of Musk learned for the first time about his offer to buy the social networking company through his tweets on Twitter.


Another big problem.

In the same context, American businessman Reed Hoffman, co-founder and CEO of the LinkedIn platform, said in an interview with “Axios”: “I think I had a reaction like most people, my feeling was, oh my God, another big problem … he is facing It really does have a lot of problems."

Hoffman, who is a member with Musk of what is known as the "Paypal Mafia", added that his company, "Greylock", one of the oldest companies in the field of venture capital, rejected Musk's offer to invest with him in Twitter, although he did not He is still confident in his friend's project management prowess.

And PayPal Mafia, a group of former PayPal employees and co-founders who founded and developed technology companies such as Tesla Motors, LinkedIn and SpaceX, most of whom attended Stanford or Illinois universities. in the stages of their studies.

Hoffman continued, "I was one of the people who thought that you couldn't manage both Tesla and SpaceX at the same time, and I was clearly wrong... Elon is right that Twitter needs to innovate."

It should be noted that there are capital companies that have agreed to invest in addition to Musk, including Sequoia Capital, and one of its long-time partners is businessman Rolov Botha, a member of PayPal Mafia.


legal dispute

Musk had told Twitter he would not go ahead with the acquisition, arguing that he was "misled" about spam accounts on the platform, and was not notified of a financial settlement the company reached with one of its top executives. The two sides are set to fight their battle in court this month. next.

On Monday, Twitter said that the money it paid to a former official who reported irregularities did not violate any terms of its sale to Musk, after the world's richest man made another attempt to cancel the deal.

Twitter's lawyers said Musk's reasons for wanting to back out of the deal were "false and false."

Musk's lawyers said last week that Twitter's failure to obtain his consent before paying $7.75 million to whistleblower Peter Zatko and his attorney violated the merger agreement, which limits when Twitter can pay such money.

A Delaware court is scheduled to begin hearing the case between Musk and Twitter on October 17.

tags: Twitter shareholders approve Elon Musk's $44bn offer,What is Elon Musk's real twitter?,Is Elon Musk The owner of twitter?,Who is the current owner of twitter?,What happened twitter deal?,Twitter spent $33m in three months on Elon Musk deal,Proposed acquisition of Twitter by Elon Musk,

Sources told the American "Axios" website, that a number of friends of billionaire Elon Musk advised him "secretly" not to acquire Twitter, as soon as they realized that he was not joking about that deal.



The sources added that "Musk did not take the advice, and is now trying to back down from completing the $44 billion acquisition of the social media platform," with a trial date set next month in Delaware.

The site quoted sources described as close to Musk, saying that they "do not question or dispute his credibility about removing content restrictions on the platform," and they also believe that he has the ability to improve Twitter's products.

But they feared he "underestimated the issues with Twitter, and how that might distract from the efforts at SpaceX and Tesla, which they think are more important to him."

The site stated that other close friends of Musk learned for the first time about his offer to buy the social networking company through his tweets on Twitter.


Another big problem.

In the same context, American businessman Reed Hoffman, co-founder and CEO of the LinkedIn platform, said in an interview with “Axios”: “I think I had a reaction like most people, my feeling was, oh my God, another big problem … he is facing It really does have a lot of problems."

Hoffman, who is a member with Musk of what is known as the "Paypal Mafia", added that his company, "Greylock", one of the oldest companies in the field of venture capital, rejected Musk's offer to invest with him in Twitter, although he did not He is still confident in his friend's project management prowess.

And PayPal Mafia, a group of former PayPal employees and co-founders who founded and developed technology companies such as Tesla Motors, LinkedIn and SpaceX, most of whom attended Stanford or Illinois universities. in the stages of their studies.

Hoffman continued, "I was one of the people who thought that you couldn't manage both Tesla and SpaceX at the same time, and I was clearly wrong... Elon is right that Twitter needs to innovate."

It should be noted that there are capital companies that have agreed to invest in addition to Musk, including Sequoia Capital, and one of its long-time partners is businessman Rolov Botha, a member of PayPal Mafia.


legal dispute

Musk had told Twitter he would not go ahead with the acquisition, arguing that he was "misled" about spam accounts on the platform, and was not notified of a financial settlement the company reached with one of its top executives. The two sides are set to fight their battle in court this month. next.

On Monday, Twitter said that the money it paid to a former official who reported irregularities did not violate any terms of its sale to Musk, after the world's richest man made another attempt to cancel the deal.

Twitter's lawyers said Musk's reasons for wanting to back out of the deal were "false and false."

Musk's lawyers said last week that Twitter's failure to obtain his consent before paying $7.75 million to whistleblower Peter Zatko and his attorney violated the merger agreement, which limits when Twitter can pay such money.

A Delaware court is scheduled to begin hearing the case between Musk and Twitter on October 17.

tags: Twitter shareholders approve Elon Musk's $44bn offer,What is Elon Musk's real twitter?,Is Elon Musk The owner of twitter?,Who is the current owner of twitter?,What happened twitter deal?,Twitter spent $33m in three months on Elon Musk deal,Proposed acquisition of Twitter by Elon Musk,