The social media service will be worse off regardless of what happens.
If Musk succeeds in ending the deal, he will likely cause a free-fall in the stock of the company. The company will be run by an unpredictable and reluctant owner if the case goes in their favor.
It was a nightmare scenario for Twitter, where only bad options remain, after Musk announced plans to walk away from his purchase. The company's leadership is already losing the trust of staff after months of uncertainty and stress.
Legal experts are talking about a court fight.
Many of the employees at the company were concerned about the impact of Musk. Musk told employees during a Q&A in June that only exceptional people would be allowed to work from home. In the weeks leading up to the Q&A, others fretted that Musk had no idea how to run a social network, and that he had been accused of sexual harassment at his rocket company. One employee wrote that she found the radio silence extremely disappointing because she is a woman working at the company.
Employees felt that Musk still wanted to buy the company. There is an internal directive not to speak publicly about the deal according to people familiar with the matter.
The person said that recent executive departures and restructuring of product leadership made it harder to develop products. staff expects more to come after 100 employees were cut this week
According to Insider Intelligence's principal analyst, if Musk terminates the deal, it will leave the same problems it had before he arrived. The growth of its users is slowing. A slowing economy that could squeeze ad spending on all social platforms is now being dealt with byTwitter.
If the company goes to court and fails to convince Musk to buy it, he will likely walk away. The stock price will fall far below Friday's close due to the fact that it hadn't reached the $54.20 per share that Musk had agreed to pay. After months of anticipating a deal, it will be back where it started when Musk showed up.
It may not be a good place to be. When Musk made his offer, it looked questionable. The company had set lofty user growth and revenue targets, and the user target was looking more and more ambitious. Since Musk made his offer, there has been a hiring freeze and some layoffs.
There is still more to come in the Musk-Twitter saga. Musk will try to prove that the merger didn't go as planned. It is possible that Musk will walk away from the company or that he will pay a large settlement.
The deal is still going on. It may be as well as possible.
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