As Tesla Inc. Elon Musk fights a legal battle to steer clear of the deal with Twitter, Inc., another executive reminisced about his interest in the social media platform years ago and what kept him from going ahead with a deal.
What Happened
Back in 2016 when the board of the Walt Disney Company was convinced of the rationale for buying Twitter, meticulous examination showed that a “substantial portion—not a majority” of the users were not real, former CEO Bob Iger said at the 2022 Code Conference, Vox reported.
Incidentally, this is the same issue Musk took exception to and offered as an explanation for his decision to walk away from the $54.20/share deal to take Twitter private….