Elon Musk steals the show at the sleepy Sun Valley moguls conference

Musk is scheduled to be interviewed on stage Saturday on the Solar Valley Lodge resort, lower than 24-hours after he introduced he was terminating his $44 billion deal to purchase Twitter Inc. The information rapidly dominated dialog on the four-day convention.

“It simply looks as if an absolute mess,” mentioned one senior media govt, who spoke on situation of anonymity. “The man makes his personal guidelines … I might hate to be Twitter, the place it’s a must to take this man critically.”

Solar Valley is usually lined like an athleisure model of the Met Gala, with photographers capturing the arrivals of fleece-vested media moguls and reporters making observe of power-lunches on the Konditorei cafe on the property.

One Hollywood power-broker Friday expressed hope that the Musk interview would enliven the convention’s staid, cerebral ambiance this 12 months.

Hours later, Musk’s attorneys delivered an eight-page letter to Twitter, saying he deliberate to name off the deal to amass the social community. The doc, filed with the Securities and Change Fee, alleged Twitter failed to answer repeated requests for info over the previous two months, or acquire his consent earlier than taking actions that might impression its enterprise — corresponding to firing two key executives.

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Up till that time, conversations in media circles targeted on Wall Avenue’s reappraisal of the streaming enterprise within the wake of Netflix Inc’s subscriber losses. One digital media govt mentioned Hollywood, which has sometimes been insulated from recessions, is immediately apprehensive about how a worsening economic system will have an effect on their multi-billion-dollar investments in streaming providers.

“For the primary time, persons are conscious the economic system does impression the leisure enterprise, as a result of inflation does impression churn,” the digital media govt mentioned, referring to subscribers leaving a service. “Individuals are actually saying, ‘Wow, will individuals actually pay for 3 of these items?”

Following Musk’s announcement, one chief govt famous the elephant within the room — Saturday’s remarks may effectively be uncomfortable to 2 convention attendees: Twitter CEO Parag Agrawal and Chief Monetary Officer Ned Segal.

One among Musk’s final public messages to Agrawal got here within the type of a tweet of a poop emoji in response to the Twitter CEO’s protection of how the corporate accounts for spam bots.