I know the same thing you do. He signed an agreement to buy and waive his due diligence. Then after Telsa's stock tanked, he brought up "bots" as a reason not to buy. Do you dispute any of this?
I think you missed the part where Twitter is taking HIM to court, not the other way around.
Lol this is impossible to know. the Best they can do is an estimate of the accounts they think are “fake”. What is a “fake” account anyway? The concept varies from person to person and from organization to organization.
Respectfully disagree on this. Those people did not have to quit their jobs. The sale had not gone through. They whipped themselves up into a frenzy and acted emotionally for absolutely no reason other than social media mass hysteria. This is probably a good lesson to not act in haste and to take emotion out of the equation when making important decisions.
What value has been wiped out? Relative to the tech sector as a whole, Twitter is down less since the week before the merger even after this.
There’s one more section missing in that laughing meme: “which they of course know, so the bot data must be true” and now he’s crying, but it’s very clearly not laughing tears.
The problem is that Tesla stock took a big hit since then so his stock value lost 33%.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.
Yep, the best that could come out of this is, Twitter wins and gets some money, as "damages", but nowhere near what they wanted, while Musk still doesn't get control of Twitter. I think I read somewhere that David Letterman was looking to get a group together to buy Twitter (about the time Musk came along) - that I could get behind. His heart is in the right place, and I expect he'd bring in people that could make well informed technical decisions, to make Twitter a place less likely to bring about the end of civilization as we know it.
Seems like twitter called his bluff. They would do the world a favor if they could just ban him permanently.
Why do people say he waived due diligence? It seemed pretty obvious the offer was good only after due diligence.
He waived it as part of his offer which is why the board could not refuse the deal or its stakeholders would sue. They laughed and goofed on his first offer and a week later they suddenly accepted it.
Once the lawsuit starts they might have the right to temp ban him from the platform until it's over (his lawyers might like that LOL).
Mr. Musk didn't waive his right to more info. To the contrary, the merger agreement explicitly gives him the right to access additional information. It also gives him the right to terminate the agreement under certain circumstances - e.g., if the conditions on his obligation to consummate the agreement aren't met, which might be the case if representations made by Twitter turn out to be inaccurate.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
