Musk and Twitter at war

Over the weekend Elon Musk pulled his $44 billion offer to buyout twitter. This doesn't come as a surprise to many since Musk continuously showed doubt about the company.

Twitter's stock price reacted immediately and is showing weakness into the open.

Twitter has slid down into the low $30's on the news. The stock price is closing in on its 2013 IPO price of $26. Many would think that one of the most popular social medias would have been a huge return on investment.

Twitter was quick to strike back by suing Musk for not going through with the deal. Musk, being himself, was right back on twitter posting the usual meme.

The likely reason for the deal breaker would be bots. Musk has always shown concern about the bot issue on the platform. Twitter previously claimed 5% of all accounts were bots. This seems to be a big issue that plagues Twitter and they're hesitant to show real numbers.

Musk has always been vocal about free speech and its roll in social media by asking his own followers their opinions earlier this year.

Musk is a very smart man with hundreds of people working at his side. What could be his next step after terminating the takeover deal? Is he already in the works to create his own social media?