CNBC's financial journalist and market news analyst David Faber said Elon Musk could go to jail in his upcoming legal dispute with Twitter. They mentioned Musk might not concede the injunctions of twitter.
Elon Musk Might go to Jail for Ditching Twitter
On Monday, July 11, a US financial journalist shocked his fellow panelists by claiming that Elon Musk might go to jail due to his upcoming legal dispute with Twitter over their rejected $65.5 billion ($44 billion) takeover agreement.
Faber made the bold statement during a discussion about Musk's decision to break the agreement because of worries about spam bots among Twitter's user base with Jim Cramer and Carl Quintanilla, according to the New York Post.
Twitter won't just accept the walkaway fee, according to Faber. The contract requires specific performance from them. They will request that contract's enforcement from a judge in Delaware and provide the following justifications.
Faber added that several discussions say that Musk may not comply with Twitter's demands which might end him in jail.
Quintanilla was caught off guard laughing at Faber's remark, which Mediaite first covered. He described Musk going to jail for the rejected deal as "funny."
This is not the first time experts have conjectured that Musk might go to jail for the Twitter fiasco. Even in a civil lawsuit, according to Columbia law professor John Coffee, who spoke to Charlie Gasparino of Fox Business News in May, Musk could be hit with contempt of court charges that could land him in jail.
Musk has already made fun of Twitter's impending lawsuit by making several memes that make fun of the board of directors.
Bloomberg columnist Matt Levine expressed skepticism that Musk would go to jail, pointing out that Musk might refuse to buy Twitter even if a Delaware court orders it.
Trump Slurred Musk in a Campaign
During a campaign rally held on Saturday (July 9) in Alaska, former President Donald Trump called Elon Musk a "b***- artist," which prompted numerous social media users to point out the irony and hypocrisy in such a statement.
— Elon Musk (@elonmusk) July 11, 2022
Trump claimed that Musk told him that despite never having voted for a Republican before, Musk had supported Trump for president. The founder of SpaceX tweeted last June that he had cast his first Republican vote for Mayra Flores, who had won a Democratic House seat in Texas.
I voted for Mayra Flores – first time I ever voted Republican.
— Elon Musk (@elonmusk) June 15, 2022
Massive red wave in 2022.
All of this has happened while Twitter's stock has dropped significantly since the company's board accepted Elon Musk's offer to purchase the social media platform in April for $54.20 per share. Twitter's stock price ended the day of the announcement at $51.70 per share. It was closed at $36.61 on Friday, July 8.
On Twitter, where he has more than 100 million followers, Elon Musk is well-liked for his frequent political commentary, open business discussions, and embracement of the internet meme culture. However, his tweets have gotten him into legal trouble on occasion.
