There could be a lengthy legal battle in the Delaware courts if the deal is terminated by Musk. It's possible that things will get ugly for the company. "It's a code red for the company," Daniel Ives told Insider. employees could leave in droves
Deleware's threshold for what would be a "material adverse effect" that allows a buyer to exit a deal has been the subject of legal experts' discussion.
Outside of the legal leg Musk has to stand on, the company and its employees will not come out unscathed.
The public company will be seen as damaged goods as the metrics are further scrutinized. I think it's going to hurt the social media site. It's going to have to go somewhere.
The company was put at $54.20 a share after the deal was announced.
The platform's free speech rules were a point of contention between Musk and the platform.
One employee said it was all about the man. Some people who don't approve of him will leave.
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