
A brand new trove of textual content messages between Elon Musk and Twitter executives, shut pals, potential buyers and Silicon Valley bros sheds gentle on how a $44 billion (almost Rs. 3,58,100 crore) deal by the world’s richest individual to purchase the social media firm happened — and ended up in court docket.
The texts present who wished to be a part of the buyout and reveal the inside circle’s musings on who ought to run the corporate if Musk did come to personal it. They have been disclosed as a part of Twitter’s lawsuit to make Musk observe via on his $54.20 (almost Rs. 4,400)-per-share provide, which is slated to go to trial in Delaware Chancery Court subsequent month.
Among the numerous texts, Musk discloses that he “has a minor case of COVID” in late March, is often “up until ~3 am” and not has a private assistant.
Here are 10 glimpses behind the scenes.
1. Jack Dorsey, Twitter’s former Chief Executive Officer, labored to get Musk to hitch the board shortly after activist buyers beginning agitating for change on the firm in 2020.
“I tried my hardest to get you on our board, and the board said no,” Dorsey wrote. “That’s about the time I decided I need to work to leave, as hard as it was for me.”
Dorsey is “jack jack” on Elon’s telephone.
2. Musk’s relations with Twitter CEO Parag Agrawal went from pleasant to frosty inside per week. On April 5, Agrawal tweeted that Musk was being appointed to Twitter’s board — and bought Musk’s approval for the language of the tweet.
But by April 9, the tone had shifted dramatically. Agrawal upbraided Musk over his tweets disparaging the corporate.
“You are free to tweet ‘is Twitter dying’ or anything else about Twitter — but it’s my responsibility to tell you that it’s not helping me make Twitter better in the current context. I’d like to provide your perspective on the level of internal distraction right now and how it [sic] hurting our ability to do work.”
“What did you get done this week?” Musk snapped again.
“I’m not joining the board. This is a waste of time,” he texted 40 seconds later.
“Will make an offer to take Twitter private,” he texted 15 seconds after that.
3. A couple of minutes later, Musk texted with Chair Bret Taylor about fixing Twitter. The texts recommend he already knew about Twitter’s bot downside, which he would later cite as a motive to desert the deal.
“This is hard to do as a public company, as purging fake users will make the numbers look terrible, so restructuring should be done as a private company,” Musk wrote. “This is Jack’s opinion too.”
4. On April 20, Musk texted Oracle’s Larry Ellison.
“Any interest in participating in the Twitter deal?” he requested. Ellison mentioned sure. Musk requested how a lot.
“A billion … or whatever you recommend,” Ellison replied. Musk beneficial $2 billion (almost Rs. 16,300 crore). On April 24, Ellison mentioned, “Since you think I should come in for at least $2 billion. I’m in for $2 billion.”
5. Several of Musk’s pals had concepts on whom Musk ought to rent. Investor Bill Lee recommended Bill Gurley of Benchmark Capital. Jason Calacanis famous that “Twitter CEO is my dream job.”
6. Joe Rogan was a fan of the deal. “I REALLY hope you get Twitter,” the outsize podcaster texted. “If you do, we should throw a hell of a party.”
7. Steve Jurvetson recommended Musk rent Emil Michael, the previous chief enterprise officer of Uber Technologies, and texted Michael’s LinkedIn account over.
“I don’t have a LinkedIn account,” Musk responded.
8. Gayle King of CBS requested Musk in April for an interview, saying shopping for Twitter was what the youngsters name a “gangsta move” and suggesting that Oprah Winfrey may wish to be a part of the board. King mentioned she’d like a Twitter edit button.
“Twitter edit button is coming,” Musk responded.
9. Musk warned Calacanis towards providing funding within the deal to “randos.”
It “makes it seem like I’m desperate,” he mentioned.
Calacanis mentioned he solely wished to be supportive: “You know I’m ride or die brother.”
10. In March, Sam Bankman-Fried, the crypto billionaire, tried to get in contact with Musk via an affiliate to debate becoming a member of in a deal for Twitter. Musk appeared uninterested — and unaware of Bankman-Fried’s wealth, asking, “Does he have huge amounts of money?”
Eventually he warmed to the concept, “so long as I don’t have to have a laborious blockchain debate.”
It’s unclear in the event that they met.
© 2022 Bloomberg LP
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