Elon Musk: Elon Musk steals the show at sleepy Sun Valley mogul conference

Elon Musk arrives at Allen & Co. Sun Valley Conference stirred up the annual meeting of media and tech executives this week, where headlines usually take place outside the prying eyes of the media.

Musk is due to be interviewed on stage Saturday at the Sun Valley Lodge resort, less than 24 hours after he announced he was ending his $44 billion purchase deal. Twitter Inc. This news quickly dominated the conversations at the four-day conference.

“It just looks like a total mess,” one senior media executive said on condition of anonymity. “The guy makes his own rules… I wouldn’t want to be on Twitter where this guy has to be taken seriously.”

Sun Valley is usually covered as a sports version of the Met Gala, with photographers capturing the arrival of media moguls in woolen suits and reporters celebrating powerhouse dinners at the on-site Konditorei café.

One Hollywood Power Broker Friday said he hoped Musk’s interview would enliven the level-headed, intellectual atmosphere of this year’s conference.

Hours later, Musk’s lawyers tweeted an eight-page letter stating that he planned to cancel the deal to acquire the social network. The filing with the Securities and Exchange Commission alleges that Twitter did not respond to repeated requests for information over the past two months or obtained its consent before taking actions that could have affected its business, such as firing two key leaders.

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Up to this point, the conversations in media circles have centered on Wall Street’s re-evaluation of the streaming business following the loss of Netflix Inc. subscribers. A digital media executive said Hollywood, normally recession-proof, was suddenly worried about how the deteriorating economy would affect their multi-billion dollar investment in streaming services.

“For the first time, people are realizing that the economy is really affecting the entertainment business because inflation is affecting churn,” the digital media executive said, referring to subscribers leaving the service. “People are now saying, ‘Wow, are people going to pay for three of these things?

After Musk’s announcement, one CEO noticed an elephant in the room — Saturday’s remarks may well be uncomfortable for two conference attendees: Twitter CEO Parag Agrawal and CFO Ned Segal.

One of Musk Agrawal’s latest public messages came in the form of a poop emoji tweet in response to the Twitter CEO’s defense of how the company explains spambots.

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