The winners and losers of Elon Musk's court battle with Twitter
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Jordan Parker Erb
Jul 14, 2022, 16:40 IST
Patrick Pleul/picture alliance via Getty Images
Keep going everyone, it's almost the weekend. Analysts and experts outlined the losers in Elon Musk's court battle with Twitter. The short answer? Nearly everyone.
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I'm Jordan Parker Erb. Come, take my hand. I'll help you navigate this morning's biggest tech news.
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1. Analysts predict the biggest losers in Elon Musk's legal showdown with Twitter. Except for the lawyers, there are lots of losers and no real winners, analysts say. They explain who could get hurt in the battle for Twitter's future — and who stands to benefit:
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Musk may be the richest person in the world, but attempting to back out of a deal isn't a good look. "I think he's underestimating the reputational risk that could be incurred from this," one analyst told Insider.
It's not going to be great for Twitter, either. While the company may have a strong legal argument, a protracted battle isn't in its best interest, and experts say the company will face more lawsuits from shareholders in the coming months.
Lawyers, on the other hand… "The big, big winners in this one are gonna be the law firms," another expert said. "These guys are gonna make a fortune."
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