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Ten things Elon Musk's texts reveal about the Twitter deal

Dana Hull, Bloomberg News on

Published in Business News

A new trove of text messages between Elon Musk and Twitter Inc. executives, close friends, potential investors and Silicon Valley bros sheds light on how a $44 billion deal by the world’s richest person to buy the social media company came about — and ended up in court.

The texts show who wanted to be part of the buyout and reveal the inner circle’s musings on who should run the company if Musk did come to own it. They were disclosed as part of Twitter’s lawsuit to make Musk follow through on his $54.20-per-share offer, which is slated to go to trial in Delaware Chancery Court next month.

Among the many texts, Musk discloses that he “has a minor case of Covid” in late March, is usually “up until ~3 am” and no longer has a personal assistant.

Here are 10 glimpses behind the scenes.

1. Jack Dorsey, Twitter’s former chief executive officer, worked to get Musk to join the board shortly after activist investors starting agitating for change at the company in 2020.

“I tried my hardest to get you on our board, and the board said no,” Dorsey wrote. “That’s about the time I decided I need to work to leave, as hard as it was for me.”

 

Dorsey is “jack jack” on Elon’s phone.

2. Musk’s relations with Twitter CEO Parag Agrawal went from friendly to frosty within a week. On April 5, Agrawal tweeted that Musk was being appointed to Twitter’s board — and got Musk’s approval for the language of the tweet.

But by April 9, the tone had shifted dramatically. Agrawal upbraided Musk over his tweets disparaging the company.

“You are free to tweet ‘is Twitter dying’ or anything else about Twitter — but it’s my responsibility to tell you that it’s not helping me make Twitter better in the current context. I’d like to provide your perspective on the level of internal distraction right now and how it (sic) hurting our ability to do work.”

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