Elon Musk’s younger sister Tosca has shared her thoughts following her brother’s decision to pull the plug on his $44 billion to purchase Twitter. The Tesla CEO, who is also the richest man in the world with a reported $237 billion net worth, terminated the offer on Friday, alleging that the social media firm had breached multiple provisions of the initial agreement. Furthermore, Twitter also apparently didn’t provide enough information regarding the number of fake accounts on its platform, which prevented his team from running an extensive analysis given the limited data they’d been given.
Now, in an interview with The Sunday Times, Elon’s sibling has weighed in with her thoughts about her sibling’s move to back out from his deal with the company as she implied that there could still be a chance that the 51-year-old will go ahead and acquire Twitter. “A lot of people will say things are not going to work because they aren’t used to taking risks,” she told the news outlet. “With [my family], it’s like, well, no one’s done it before. Doesn’t mean it can’t be done.”
Elon Musk said he’s terminating his $44-billion bid to buy Twitter, claiming the company failed to provide enough information about the number of fake accounts.
Twitter said it is “committed to closing the transaction” and plans to pursue legal action. pic.twitter.com/Y6E2fctXW0
— CBS Mornings (@CBSMornings) July 11, 2022
With regards to the agreement with Twitter being terminated, Tosca added, “If he says he’s going to do it I would believe that he’s going to do it.” Elon had made an appearance at the Allen & Co Sun Valley Conference on Saturday — just one day after the bombshell announcement — but he opted not to discuss anything related to social media app, per Reuters. He utilized his time to talk about other topics instead, such as his mission to build a society on Mars and boosting birth rates on Earth.
One senior media executive, who was present at the event, told the aforementioned publication, “It just seems like an absolute mess. The guy makes his own rules … I’d hate to be Twitter, where you have to take this guy seriously.”
In legal docs filed on Friday, Elon’s team shared they were terminating their agreement with Twitter since the firm had not been cooperative with providing in-depth data, particularly its active users versus spam accounts. “Sometimes Twitter has ignored Mr. Musk’s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information,” the filing read.
Further in the documents, it was claimed that Twitter allegedly fired “two key, high-ranking employees,” and laid off a third of its talent acquisition team, and initiated a hiring freeze, all of which occurred without Elon’s involvement or consent. The Twitter Board has since responded to the filing, saying they are planning to sue the tech mogul for violating their agreement.
“We are committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plan to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery,” the board told PEOPLE.