Primetime News CONFRONTED Me about Elon Musk QUITTING

well on april 14th twitter revealed in a

securities filing that elon musk had

offered to buy the company outright for

44 billion dollars but since then it's

been a battle between musk and the

social media giant just yesterday in an

sec filing musk threatened to end the

deal arguing that twitter is committing

a clear material breach of obligation

under the merger agreement so where do

things stand

we're going to get insight right now

from youtube star meet kevin kevin

welcome back to the show it's so good to

see you always love having you on all

right so you actually noted in a tweet

yesterday which elon musk responded to

which was awesome to see you said some

argue that musk waived his right to due

diligence in this deal in fact bloomberg

released an article today titled musk

buyer remorse won't get him out of

twitter's deal so why do you believe

that elon was fraudulently

misled

based on twitter's public filings

yeah absolutely so in twitter's public

filings they tell us that oh we only

have five percent spam bots probably

less but maybe more and it's classic cya

look the reality is everybody knows

there are more bots on twitter and

elon's getting information the

information he's asking for from twitter

on hey you know how are you calculating

this but elon finds their measures very

arcane he doesn't believe him he wants

to test them and now he's very publicly

pulling a very trump-style art of the

deal style negotiation he wants this

deal in my opinion bloomberg thinks oh

no he's trying to cancel he wants to

save his billion dollars doesn't even

make sense to me he lost like a hundred

billion dollars in the stock market year

to date he doesn't care about a billion

dollars he wants to negotiate a better

deal and that's what i think he's doing

here he's shaking out the dirt panning

for gold

okay so you don't think he is going to

walk away from this deal what if they do

find out cause twitter's saying hey

we're going to comply with you we'll be

transparent if it does come out it's

greater than five percent do you think

he'll walk or he that will help him get

a big better deal

i think it's all about him getting a

better deal that's really what i think

this is i think he wants twitter but he

wants to show he's a strong negotiator

so what is he doing he's creating the

chaos he's freaking out the wannabe

attorneys online he's freaking out the

board the employees two vice president

executives just left and the reality is

look if the bots come in statistically

at seven percent is that really going to

make a difference here no but if bots

come in that hey you know what this is

20 30 50

bought users on twitter well that's a

big problem and a lot of folks now

actually believe that companies like

even youtube obviously owned by alphabet

google are incentivizing the keeping of

these bot accounts because it props up

that shareholder valuation and so i

think elon's doing the right thing here

making sure that look we're in the due

diligence phase within the contract now

even though leading into the merger

agreement he waived his public due

diligence because he relied on public

filings now we're in the deal where he

gets confidential information and

twitter's not providing him confidential

information that actually corroborates

that five percent and this now brought

elon's buddies shouldn't say that but

come on elon's buddies the texas

attorney general just came swooped in

and opened an investigation to kind of

help elon out a little bit and flush out

what's really going on here and now

we're really going to see chaos inside

of twitter

yeah i was going to ask you about that

so yesterday the texas attorney general

ken paxton he's come on our show several

times he actually is demanding that

twitter provide documents on how it

calculates user data saying it's

actually bad for texans because back to

advertisers and they're falsifying all

this information i mean

this just this just helps him ultimately

people are catching wind it helps him

make his case

oh 110 and not only do we have this

investigation now but in that document

that texas a journey attorney general

document he makes it clear that now all

employees at twitter can have their

personal and work cell phones text

messages voicemails emails everything

reviewed by the state of texas and if

they delete information that shows

twitter is either being honest and that

would be useful or that twitter's lying

they could get sanctioned by a court or

face civil penalties this is creating

exactly what elon wants it's what i like

to call chaos theory the more people

freak out the more the stock valuation

suffers the more people get worried

about lawsuits and what does that mean

the more compelled the ceo and the board

is able to say or the more compelled

they are to say get this cancer out of

my life give them a 30 discount and walk

now that upsets a lot of people because

a lot of people especially on the

internet and investors they have a lot

of money in this deal and so they want

to see the sales price be 54 20. that's

what they want to see if it ends up

selling for 35 bucks you're gonna lose a

lot of money so a lot of people are

really emotional about this i have

seconds left but i i know you don't own

twitter but if you do own twitter buy or

sell what's your advice real quick

i would not be in this at all i have one

share i was gifted that's it oh yeah it

was one foot but i do think the deal

will get done just get done a lot

cheaper

all right so hold on to those kevin

always good to see you thanks for being

here

[Music]

you