You're right, although that coincided with Musk supposedly moving forward on the deal.
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Elon Musk Proposes to Follow Through With Twitter Acquisition
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Time to short the stuffing out of TSLA again!!!
Billionaire Elon Musk has once again reversed course in the ongoing Twitter acquisition saga, today sending a letter to Twitter proposing a purchase at the original price, reports Bloomberg.
Musk originally offered to buy Twitter for $44 billion in April ($54.20 per share), a deal that Twitter ultimately accepted. Musk in May put the takeover "temporarily on hold" because of a dispute over the number of fake or spam accounts that Twitter claimed to have. Twitter said that fake accounts represented less than five percent of users, but Musk was not convinced.
In July, Musk decided he no longer wanted to buy Twitter and attempted to call off the purchase, claiming that Twitter did not comply with its contractual obligations and that he was not provided with the relevant business information that he requested.
Twitter in turn filed a lawsuit to force Musk to go on with the sale, accusing him of trashing the company, disrupting its operations, and destroying stockholder value. Musk's decision to offer to continue on with the purchase comes ahead of a trial that was set to begin on October 17. With Musk once again on board, it is probable that the acquisition will go through, provided he does not change his mind again.
Article Link: Elon Musk Proposes to Follow Through With Twitter Acquisition
Don’t really get the hate for the guy. He’s built some of the most innovative companies in the world.
Yeah he’s very outspoken (which I assume is why people don’t like him) and I don’t always agree with him, but to be honest it’s refreshing for people in the public eye to just say what they’re thinking instead being all safe and boring.
Yeah he’s very outspoken (which I assume is why people don’t like him) and I don’t always agree with him, but to be honest it’s refreshing for people in the public eye to just say what they’re thinking instead being all safe and boring.
He doesn't join in with the echo chamber so that's why there is hate for him. You're not permitted to think a different way these days.
I'd rather they be boring. I go to Hollywood for entertainment, not the business world, nor the government.
Musk has one of the biggest personal echo chambers on the internet.
Posted under a story about Musk being an absolute idiot for months, lol.
The smart business man that waived due diligence to then complain about not having enough information about the company he announced he would buy without any provocation.
Wait, Hollywood has entertainment? Thought they all went into politics.
At a price for at least Tesla stock. It has not done well since the initial announcement
This is what blows my mind about the Elon simps trying to defend this. Dude made a very quick and potentially over-valued offer on Twitter and wanted the deal done so quickly he waived diligence. Then he decided he didn't want to go through with it anymore, and came up with all these weird reasons based on all the things that would have been discovered during the diligence process had it not been waived.
Then he decided to sue his way out of it... But it took a whole bunch of text messages that don't make him look great being released as part of discovery combined with an upcoming deposition which would have gone very poorly for him to decide that he would just honor his original terms. All this rigamarole and legal bills to end up buying the company on the exact same deal terms originally laid out.
I have no idea how someone can watch all this go down and have their takeaway be, "Masterfully played! Elon is a once-in-a-generation business genius!"
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It’s hilarious, one of the first comments was that Musk was ‘playing them like a fiddle.’ How can anyone even remotely aware of what’s going on type that sentence?
People weirdly believe that being rich must mean you’re smart. It really doesn’t.
He wanted out on the original deal partially because he wasn't going to be able to do whatever he wanted. The other reason of course was that he didn't have the money to buy it when his paper value plummeted. He's doing it now because he has financing and thinks that he would damage his reputation more by losing in court, which he absolutely would.
OP is likely getting the same as you posting on the forums this afternoon: having a discussion.
Mr. Elon Reeve Musk
For breakthroughs in the design, engineering, manufacturing, and operation of reusable launch vehicles and sustainable transportation and energy systems.
To be fair, that describes many in the group that dislike him a lot more than it describes him.
Didn't see it posted here yet so apologies if someone did post it.
Twitter announced they will be accepting this and hope to close within a few weeks.
Twitter announced they will be accepting this and hope to close within a few weeks.
Except for Zip2, X.com (which ended up merging with PayPal). And while he's not a rocket scientist, or an automotive engineer, he did play a large part in developing Space X and Tesla. How many Apple products did Steve Jobs actually design and build? None. He was an ideas man and knew how to put together a team and get the most out of them. That's what Elon Musk does.