In front of billionaires , Elon Musk avoided talking this Saturday about the collapse of the agreement to acquire Twitter and only repeated the accusations that there are problems with fake accounts on the social media platform. He did it at the Allen & Co Sun Valley Conference, which brings together media and technology executives and tycoons in Idaho.
In return, Musk spent most of his time talking about Mars and extolled the virtues of boosting birth rates on Earth, businessmen told Reuters . The CEO of Tesla Inc. and the rocket company Space X has repeatedly reiterated that he aspires to establish a civilization on the red planet. In fact, he was convinced that it is possible to send a manned mission within seven years.
The richest man in the world, according to Forbes, took the stage at the annual meeting of executives, less than 24 hours after he announced that he had ended his offer of 44,000 million dollars to buy Twitter Inc. There, he spoke with Sam Altman , CEO of OpenAI, an artificial intelligence research company , founded by Musk and other investors.
The Tesla owner has had an obsession with Mars for more than two decades, he acknowledged. In March he had raised a strong controversy regarding the project. “ To be honest, probably a lot of people will die at the beginning ”, He had added in April. He then noted, however, that “no one will be forced to go” and that it will be “only for volunteers.”
Meanwhile, Musk’s arrival at the Allen & Co conference in Sun Valley provided a jolt to this week’s private event, where things often happen out of the prying eyes of the media. “It looks like an absolute mess ,” said a senior media executive, who spoke on condition of anonymity. “ The guy makes his own rules for himself. I wouldn’t want to be Twitter, where you have to take this guy seriously.”
Sun Valley is often covered like a version of the Met Gala, with photographers capturing the arrivals of media moguls and reporters taking notes on lunches at the venue’s Konditorei cafe. A Hollywood agent had expressed hope on Friday that Musk’s interview would liven up the cerebral and dull atmosphere of this year’s conference.
However, Musk’s lawyers delivered an eight-page letter to Twitter on Friday stating that they planned to cancel the deal to acquire the social network. The document, filed with the Securities and Exchange Commission, alleged that Twitter had not responded to repeated requests for information in the last two months, nor had it obtained their consent before taking measures that could affect its business, such as the dismissal of two key executives.
Twitter promises “legal battle”
Twitter president Bret Taylor said on the same social network that the board planned to take legal action to enforce the merger agreement. “Twitter’s board of directors is committed to closing the transaction at the price and terms agreed with Mr. Musk,” he wrote.
The contract provides for Musk to pay Twitter $1 billion breakup if he can’t complete the deal for funding or regulatory reasons.
However, the breakup fee would not apply if Musk terminates the deal on his own. Musk had threatened to stop the deal unless the company showed proof that spam and bot accounts accounted for less than 5% of users who see advertising on the social networking service.
Last month, Twitter gave Musk access to its “firehose,” a raw data repository of hundreds of millions of daily tweets.