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Advertisers are actually going to come back. this is a big problem, obviously, for twitter. one that elon musk has, himself, acknowledged. he wrote in his first company email to employees this week that if they don't up the revenue, it's questionable about whether twitter can survive this upcoming economic downturn and in a meeting with employees he also raised the prospects that the company could be forced to declare bankruptcy if things just don't work out for it. and so really just a big mess over at twitter, which i should remind people is one of the most important communications platforms...

See you in delaware, we will see you in court, you better fork over the $44 billion, why is twitter saying that? they don't see any other offers but they don't see any other bidders who would match his price and they don't believe the stock is going to get it back up as high as he is offering. the twitter board, they want to cash out. they believe the shareholders want to cash out and they believe he has to pay up. this could go on for months but more likely this would go on for years in court unless there is some sort of agreement where he pays a lower price and buys the platform, or does pay...

Ending the deal over a breach of the original agreement. cnn chief media correspondent brian stelter has the latest. so break this down for us. what is going on with this deal or not going on? >> hey, fred, elon musk said this deal is off but this is the example of easier said than done. musk agreed in writing, he signed a contract to take over twitter. that was back several months ago. market conditions have changed. a lot has changed. maybe musk's point of view about twitter has changed and he is now trying to back out of the deal. but twitter is not going to make it easy for him. and the st...

Seriously. as you said, at first investors weren't sure how serious musk was. but he is proving that he really is in this to win it. he has started to win large shareholders over. that's why the board began meeting, and here we are midday monday. it could be announced later in the day. the deal could also fall apart. at the moment musk seems to be in line to take over twitter. >> is there any indication of what this deal would mean for twitter, for -- i mean, for -- >> yeah. for one of the most important communications platforms in the world. >> what is his plans? >> no one knows. i'm not sure...

Offer, i'm not going to negotiate here. is this just some -- >> this is one of most important communications platforms in the world. hate twitter, love twitter, it is a very important platform for the world to communicate and this shows and reinforces the power of the billionaires to rule over in these cases -- in this case a really important -- >> he's not just a billionaire. he's got 100 billion more than list. a reminder how much wealth he has. it is pretty remarkable that he could just snap this up if he wanted to. >> enough money if he wanted he's guaranteed to get it? >> i guess it would...