After changing his bio to "chief twit", Musk posted a video of himself walking into the building.
He said to let that sink in as he entered the company's headquarters. The video depicted him walking into the office holding a sink and referencing a meme that has been around for a long time.
The Washington Post reported last week that Musk would lay off 75% of the staff if he took over the company. It is bold to walk in with a kitchen sink when you are likely to lose your job.
Why is Musk at the company? The judge who is presiding over the case instructed Musk to close the deal by this Friday. It appears that Musk is close to making this thing final.
Musk spoke with bankers on Friday in order to get the cash. $13 billion in debt financing is being provided by these banks. The deadline for the deal to close is Friday, and according to a memo sent to staff by the head of people and chief marketing officer, Musk will address staff that day.
Why did Musk suddenly change his mind about getting out of this deal? A trove of Musk's texts about the deal were published a few weeks before court proceedings began. His certainty about the deal waned as the economy deteriorated.
Musk's lawyer Alex Spiro received an anonymous email on May 6 that was related to Musk's inner circle. The sender of the email asked Musk's team to follow them on a different platform because they only identified themselves as a formerTwitter executive. Musk could have just realized he was not going to win at trial and decided to go through with the deal. The deal may have been sealed by the rising stock price of the company. The stock is at its highest price of the year right now.
Let's not count our chickens until the SEC filing has hatched, since this whole deal has been a complete fiasco since the moment Musk announced his intention to buy the platform.
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Elon Musk’s Twitter deal has to close by Friday or the trial is back on
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