Technology

Elon Musk visits Twitter Headquarters carrying sink

27 Oct 2022
Elon Musk visits Twitter Headquarters carrying sink

Elon Musk tweeted a video of himself entering Twitter's offices while carrying a sink, sparking questions about the success of his takeover attempt.

The tycoon has until Friday to finalise the $44 billion (£38 billion) acquisition, which he first announced months ago but later attempted to back out of.

Just a few weeks before a court trial over those actions was scheduled to begin, he agreed to proceed earlier this month.

"Entering Twitter HQ - let that sink in!" Mr Musk wrote.

Although it is unclear if this was Mr. Musk's message given that he also changed his Twitter bio to read "chief twit," the term "kitchen sinking" refers to a corporation taking dramatic action.

The social networking platform requires big adjustments, according to Mr. Musk. According to at least one story, he intends to make significant employment losses.

Although the Tesla CEO put the Twitter corporate offices in San Francisco as his location on social media, it was unclear whether he met with Twitter executives on Wednesday.

Elon Musk stated that he wanted to remove spam accounts from the site and keep it as a place for free speech when he originally announced his plans to purchase Twitter.

But just a few weeks later, Mr. Musk, the richest man in the world and a frequent Twitter user known for his impetuous manner, baulked at the purchase, expressing worries that the number of phoney accounts on the network was more than Twitter stated.

The claims were refuted by Twitter officials, who said that Mr. Musk wanted out because he was concerned about the cost.

It ultimately launched a lawsuit to enforce the agreement, and Mr. Musk revived his acquisition plans for the business with the condition that the litigation be suspended.

Investors expressed doubt that the buyout would proceed, especially since Mr. Musk was perceived as giving an exorbitant price for a company that was having trouble gaining customers and expanding.

However, the agreement must be finalised by October 28 to avoid a contract trial.

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