Elon Musk Wants to Terminate $44 Billion Twitter Acquisition [Updated]

[WarmWinterHat]

Good for Elon. Twitter is a toxic cesspool propped up by fake accounting gimmickry. Stay far away and stick to making awesome cars and rockets.

It was nothing but a pump and dump and he got over his head. He never wanted Twitter.

 

[jimbobb24]

I am extremely pleased that he is not going forward with it, there are plenty of extremely right wing people owning media.

This is what partisan hackery looks like. People on the right and left own media companies. Seeing only one side of them is crazy. And Musk being on the right? Like most non partisans his opinions are complicated and he is not easily categorized as right or left.

 

[bookofxero]

Only problem with that is he can’t “drop” the deal. He’s on the hook for the whole $44B

Yes and no. If it goes to court, it might be settled at a lower price, such as the case with the Louis Vuitton/Tiffany merger.

 

[bookofxero]

So do people want him to lose and thus own twitter? I am confused...

I want him to be forced to leverage the financing against his Tesla stocks which have significantly dropped in value.

 

[bookofxero]

It's really funny that a few years ago when Musk was saving the planet from another warming cycle, you all loved him. Now he sticks up for a few people on the right who have been banned from twitter and says he may vote republican, he is the biggest dolt on the planet, and his cars are crap.

He was not saving anything from anything. He is PT Barnum at best, or maybe the monorail salesman from The Simpsons.

 

[topdrawer]

elon offered twitter a pony instead.

 

[bookofxero]

Thank god he wasn’t born in America.

Do not think for a moment that would stop the SCOTUS to reinterpret what that provision means.

 

[ian87w]

So if Twitter sues Musk to "enforce" the agreement... and that agreement was Musk buying Twitter... then that means an extremely bitter Musk will end up owning Twitter.

I thought it was crazy that Musk wanted to own Twitter in the first place. My first thought was "what will he do with it?"

But I'm not sure it's a good idea to "force" Musk to own Twitter if he doesn't want it.

He could shut Twitter down just for spite!

It shows how greedy the twitter board are, lusting over the money.

 

[eltoslightfoot]

He was not saving anything from anything. He is PT Barnum at best, or maybe the monorail salesman from The Simpsons.

I am sure he will be destitute.

 

[Jim Lahey]

Don’t be surprised if this ends with biometric Digital ID as a necessary credential with which to log into and use Twitter. The story has been building in typical fashion.

 

[randian]

I'm sure twitter's significant stock drop had nothing to do with it.

Significant? Wait until Monday...

 

[WarmWinterHat]

It shows how greedy the twitter board are, lusting over the money.

The board has a fiduciary duty to the shareholders to get as much as they can on their behalf. It's not their fault that Musk decided to be an idiot.

 

[H2SO4]

Was it his plan all along?

I have zero real evidence to support my opinion but yes.

 

[visualseed]

Not sure I accept the analogy. This man is talking about accepting bankruptcy and worse, the dissolution of his empire, specially for the greater good of the world.

Let’s not get confused. I’m not saying he’s Jesus. But I think calling him “the worst” is highly irrational.

I'm not saying he is the worst. I'm just saying the faux-altruism he has been bestowed with in his supporters' eyes is less deserved than the sum of his actual deeds suggests. All of his businesses are designed to maximize valuation for his stock holdings in a relatively short amount of times while simultaneously stunting their ability to actually function at a level that would justify their extreme valuations. Everything he says and does are a means to give the impression of a substantially higher valuation than is reflected in reality. I'm not saying his businesses aren't good and don't deliver decent products or services, I'm just saying they have been massaged to look like they can deliver future growth and revenue that his current cap table will never make possible.

 

[t0rqx]

Not surprised st all, was he serious about this in the first place I alwayas wondered.

 

[rafark]

Oh this con man again. And some people dare to compare him with Steve Jobs.

 

[NPC Compliant]

Hahah.

He'll be sued for billions. There stock dropped because of him. People quit because of him. They laid off people because of him.

Musk is the worst

They falsified user numbers, and refused to disclose necessary information; pretty sure they’ll be the ones being sued. But hey, enjoy your Musk Derangement Syndrome

 

[robd003]

I'd rather Elon Musk head Twitter. At least people would be able to speak their opinion without being banned.

 

[NPC Compliant]

Elon is a looney and an example of too much money making someone lose their mind.

Whatever you’re on, I want some, because that’s some strong stuff

 

[NPC Compliant]

Embarrassing just like Tesla’s cars.

Where did the Tesla touch you?

 

[NPC Compliant]

There is something good that's come from this though. Musk truly exposed the extreme left wing bias running the company that favors censoring opinion it doesn't like.

Twenty nine of their ilk have already downvoted you

 

[NPC Compliant]

This man child is the epitome of an attention whore.

He did successfully get the attention away from the sexual abuse allegations made against him.

They were baseless, just like your hatred

 

[Rafterman]

There is something good that's come from this though. Musk truly exposed the extreme left wing bias running the company that favors censoring opinion it doesn't like.

Banning lying and purposeful disinformation (which was used to falsely vilify the left) is not censorship. And let's not forget all the flase information spread about covid vaccines - lies that cost lives.

 

[Jim Lahey]

Banning lying and purposeful disinformation (which was used to falsely vilify the left) is not censorship.

I disagree wholeheartedly. Censorship doesn't become not censorship just because you agree with the arbiter. Who determines what is true or false if there is no discourse?

 

[Rafterman]

There is something good that's come from this though. Musk truly exposed the extreme left wing bias running the company that favors censoring opinion it doesn't like.

I would also add that Musk has on seveeral occasions asked Chinese censors to block anti-Tesla comments on Chinese social media. Musk has quite the history of banning speech he doesn't like. E.g., all the people he fired at SpaceX for complaining recently in an open letter about his behavior damaging the company.