Yep. Someone I studied with pretends to be living in the Burj Khalifa in Dubai and has like 50k followers yet she gets like 20 likes on a post and only a few comments by other people part of her pyramid scheme. It’s SO cringe.
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Twitter Sues Elon Musk to Force $44 Billion Merger
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Yep. Someone I studied with pretends to be living in the Burj Khalifa in Dubai and has like 50k followers yet she gets like 20 likes on a post and only a few comments by other people part of her pyramid scheme. It’s SO cringe.
He can't afford it now, it's now outside of his budget.
I have to go with Musk on this one. Not because I think he is right mind you, I dont know. I do know I have never used Twitter, never read a tweet and didnt get it when it came out. Im going to post updates on my daily happenings, and people will care???? And I will want to read what other people are doing throughout the day.....everyday???? Ummmm, no. Also the clause of if you back out you have to pay us ONE BILLION DOLLARS. It sounds like a joke.Show me how they have lost A Billion from him not buying, in REAL MONEY. Not fake hypothetical money. ugh
Musk signed a contract. Do you know how contracts work?
It's Musk's fault for signing a sales contract before doing his due diligence.
It's no different than if Twitter tried to back out of the sale because, oh I don't know, they found someone who was willing to pay more than $44 billion ($54.20/share) for the company. Twitter would then have to pay Musk $1 billion.
Clauses like that are common in these types of merger contracts explicitly to discourage either side from doing what Musk is trying to do - back out of the deal because they had second thoughts.
Lol now they'll be forced to disclose their bot percentage through discovery. It's probably more than 5% and so they will be outed as liars, their stock will crash and hopefully we'll be rid of Twitter for good.
Well even Jack said Twitter is a mess and needs to be fixed.. then got ousted by the board... reminds me of a certain CEO that got fired and had to come back to rescue them..
Unless you know different, Musk says that per the terms of the contract they did not fulfill numerous terms of the agreement. Some, not all, he spelled out, being providing him with the real numbers of spam account data. So to my understanding, the way a contract works is both parties have to, ya know, do what the contract says, or deals off. If twitter had it written into the contract that if they got a higher offer they could back out, and then they did. Musk sued and claimed no such offer exists, that would be a more proper analogy.
This is the most ignorant post I’ve seen on the subject ever.
I want Musk to lose and I don't want him to own Twitter. What outcome should people like me hope for?
Musk got the data he wanted.
Elon Musk Got Twitter’s Data Dump, Next Comes the Hard Part
Elon Musk has access to the Twitter data that he said was needed to complete his acquisition of the company, but data specialists say analyzing the information isn’t easy.
www.wsj.com
Elon Musk has gained access to the Twitter Inc. data that he said was needed to complete his $44 billion acquisition, but data scientists and specialists doubt the stream will provide the conclusive answers he seeks about the number of phony accounts on the platform.
After some legal back-and-forth between the two sides, Twitter in recent weeks provided Mr. Musk with historical tweet data and access to its so-called fire hose of tweets, people familiar with the matter said. That fire hose shows the full flood of all tweets—people post hundreds of millions of times a day on the platform, according to the company—in near real time.
Mr. Musk’s access to that data could smooth the way toward completing the purchase. He has said the deal wouldn’t proceed unless he could see such data to evaluate the company’s claims about how many of its users are spam or fake accounts.
Musk isn't trying trying to back out because he didn't get the data. He did get it.
I think he's trying to back out because of the stock market's decline since he made the $54.20/share offer, realizing that he is over paying for Twitter.
The fact that Tesla's stock price has declined significantly (more than $100 billion) due to this clown show of a distraction could be another reason why he wants out.
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Your whole argument is Twitter is not worth 44B, nor is it worth the 1B penalty? But yet you "go with Musk". The human that without provocation, offered 44B for Twitter, waived his due diligence, and agreed to the 1B penalty without a gun to his head to do so? That is one frosty take right there.
You admire a whole adult human that signs a contract that waives his right to more info, then backs out of said contract because he didn't get enough information, then acts like a 12 year old on twitter with inane memes??
I am afraid to know who else you admire
Simple. Twitter is a popular app that runs on iOS, and Apple makes iOS. Done.
Musk is playing you guys like a harp from hell. The "bot issue" is nothing more than a smoke screen of false equivalencies so he can back out.
I think Twitter dodged a bullet.
If the stock market didn't tank, Elon probably would've purchased Twitter. While I think he can fix a lot of Twitter's problems, Twitter needs someone more stable and neutral to run the company.
If the stock market didn't tank, Elon probably would've purchased Twitter. While I think he can fix a lot of Twitter's problems, Twitter needs someone more stable and neutral to run the company.
With any luck, Twitter will wind up owning Tesla and SpaceX. I hope they sell the companies to someone who is sane and functional.
It would be hilarious if Elon is forced to buy Twitter.
Musk has borrowed on all of his companies to buy more. All that needs to happen is for his loans to be called in and he will no longer be the richest person on earth.
As long as there is an open API there’s gonna be bots. People automate their accounts for spam and vanity (follower counts, etc.) all the time.
"Musk as of August 2021 already had over 88million Tesla shares "pledged as collateral to secure certain personal indebtedness"."He sold over $16 billion worth of Tesla stock in 2021
Tesla's Musk sells shares worth more than $16 bln
Tesla Inc Chief Executive Officer Elon Musk has sold $16.4 billion worth of shares since early November when the world's richest person polled Twitter users about offloading 10% of his stake in the electric-car maker.www.reuters.com
and about $8.5 billion worth in April in preparations to buy Twitter
Musk's Tesla stock sale windfall dwarfs Twitter loss
Elon Musk's attempt to scrap his purchase of Twitter Inc may leave the world's wealthiest person in a stronger financial position than before he unveiled the $44 billion deal.www.reuters.com
with further funding being provided by Morgan Stanley
Elon Musk says he's secured $46.5 billion in financing to buy Twitter
Musk has been seeking a takeover of the social media platform since he acquired 9 percent of its shares this month.www.nbcnews.com
so yeah, he has the money/can get it.
