Article Image
IPFS News Link • Social Networking/Social Media

Elon Musk quips that 'whoever thought owning the libs would be cheap never tried...'


Elon Musk has joked that 'owning the libs' isn't cheap after claiming to put his $44 billion acquisition of Twitter on hold.

'Whoever thought owning the libs would be cheap never tried to acquire a social media company!' Musk tweeted on Saturday. He added: 'At least, that's what the lib hivemind thinks haha.' 

'Owning libs' is internet slang used by conservatives that refers to defeating or embarrassing liberals in arguments.

On Friday morning, Musk threw his Twitter takeover bid into chaos by tweeting that the deal was 'temporarily on hold' while he investigated the prevalence of fake and spam accounts on the social media site.

However, one person familiar with the negotiations told the Washington Post: 'We haven't seen one iota of evidence that the deal is on hold.' 

'Things continue today just as they were yesterday,' the person said. 

Analysts as well as insiders widely believe that Musk's tweets on Friday were an attempt to gain leverage and negotiate a lower price for his takeover, which has been approved by Twitter's board but won't close for several months.

Even Donald Trump, commenting on his Truth Social platform on Friday, suggested that Musk is looking to negotiate a better deal to buy Twitter after agreeing to pay $54.20 per share.

The former US president said the only reason the Tesla CEO had not called off the Twitter deal yet was because of the $1 billion break-up fee. 

'There is no way Elon Musk is going to buy Twitter at such a ridiculous price, especially since realizing it is a company largely based on BOTS or Spam Accounts,' Trump wrote as he added jabs at the rival social media company. 

'If it weren't for the ridiculous Billion Dollar breakup fee, Elon would have already been long gone,' he added. 

Anarchapulco 2023