What’s next for Twitter now that Elon Musk is out?

After announcing that he wanted to end the Twitter purchase deal, Elon Musk spent the weekend at the Sun Valley Conference in Idaho, United States.

He spoke onstage, essentially “off the record”, but a source who was in the conference room told the main media correspondent of the CNN Brian Stelter, that Musk further reinforced his decision to try and back out of the deal, claiming it’s all because of the bots.

“Musk originally said he was going to fix the bot problem,” Stelter said on Reliable Sources on Sunday. “The same problem he says now that is preventing him from closing the deal.”

New York Times reporter Lauren Hirsch said there has been an interesting confluence of events since news of Musk’s offer broke. The stock market “basically fell off the cliff,” including Tesla stock, which Musk was presumably relying on to fund much of the deal.

That could be part of why Musk has apparently been doubting his takeover offer would come to fruition — almost from the moment he made it. “He would kind of tease and then walk away and we never knew what his intention was,” Hirsch said.

At least until Friday, when Musk’s lawyer sent a letter to Twitter saying he was backing out of the settlement because the social media platform is “materially violating several provisions” of the original settlement.

Twitter is fighting back, promising to take Musk to court.

And some have questioned whether Musk’s concerns about bots are just an excuse to get out of the deal.

Washington Post national correspondent Philip Bump said it was difficult to say what his true motives were, but admitted that Musk was an “eccentric character”.

“I’m kind of fascinated by the repercussions of your announcement that got wrapped up in American politics very quickly,” Bump said.

Twitter was perceived by some as a “leftist elitist organization” that would now be taken over and reshaped by a libertarian conservative.

A potential beneficiary of a Musk takeover on Twitter, former President Donald Trump, who was notoriously banned from the platform following the Jan. shit artist”, calling his decision to withdraw from the Twitter deal “rotten”.

One of the big questions right now is what will happen to Twitter, from its employees to its advertising revenue to its share price.

The saga has been unfolding since April, and employees still don’t know who their boss will be, said Insider’s chief media correspondent Claire Atkinson.

“If you’re thinking about advertising on the platform, you want to know, ‘Is this product suitable?’” Atkinson said, “And what are your rules?”

Stelter said bots are undoubtedly a problem for Twitter, although it’s not yet clear how prevalent they are. But Musk might be more affected by them than the average user.

“I suspect what’s happening here is that Musk has a very different experience on Twitter than the average user,” Stelter said. “He is overwhelmed by offensive responses and spam.”