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Elon Musk Wants to Terminate $44 Billion Twitter Acquisition [Updated]
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It'll be very tough for Musk to get out of the deal unscathed.
Twitter has publicly disclosed that roughly 5% of its users are bots since it went public. Its regulatory filings and disclosures are all publicly available.
There's not a lot of room to back out of such a deal saying Musk has been misled.
He know, the economy is in free fall. We will experience the biggest economic crash of all time
Good deal. Musk has enough to handle running a car business without destroying Twitter.
Pretty sure nobody has to work hard to destroy Twitter, it is a pile of excrement already
All those disclosures by Twitter are clearly stated as estimates. There's no fraud happening.
You don't offer to purchase a company without asking for estimate methodology. That's really Musk's fault for not asking.
Musk basically offered to buy a car no questions asked without an odometer present, and is now trying to back out saying he questions the estimate methodology. You can't make an offer like that and back out. Not without paying damages.
They quit on their own. Stock dropped because all stocks went down.
They chose to quit because they had a temper tantrum that someone outside their echo chamber would be taking over
People calling Musk a failure are hilarious. He has more success in his pinky than all of us here combined. You can not like the guy, but to act like he is a failure in life or stupid is just plain wrong.
The agreement stated that Twitter didn't have to disclose any information they felt would be harmful to the company should the deal not go through. Whatever the peanut gallery feels about Twitter or allegations of bot fraud are immaterial to the obligations Musk had under the contract. He waived the opportunity for formal due diligence before making a binding offer which would have prevented much of this drama and gave him a clean exit if he didn't like what he saw (or didn't see). I suspect Twitter is going to clean the floors with him in court unless a settlement is reached first.
Except that Musk, with the finances to employ any amount of expertise to prove this, has pulled out precisely because he is unable to prove that Twitter have been deceptive about bots and the like. We'd certainly know about it if he could.
he didn't do anything like that
If they don't go after him for tax evasion for this, then Trump will almost certainly try to copy him.
Good. Now if just he and Twitter would go away completely and forever. Fake accounts, especially Russian ones, are literally Twitter's business model. Imagine if the NYT claimed to have 100 million subscribers and charged advertising rates accordingly, though 50 million didn't actually exist. Twitter in a nutshell.
Ah yes, the extreme left wing bias of not letting people say the n-word or that gays should be killed, or attempting to overthrow the US government.
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What is it about making billions of dollars that turns people into either clowns or sociopathic clowns.
I can’t believe I’m saying this after a lifetime of loathing and bashing Microsoft, but Bill Gates turned out alright. At least the dude is trying to leave the planet a better place. (versus, you know, just leaving the planet)
I can’t believe I’m saying this after a lifetime of loathing and bashing Microsoft, but Bill Gates turned out alright. At least the dude is trying to leave the planet a better place. (versus, you know, just leaving the planet)
You can fail at more than just making money. Any idiot can make money, but being a good and decent human is way harder. The fact that you only see his financial wealth as an indicator of his success, says something. I know poor people with hearts of gold that I value as way more successful in life than this loser Elon.
Before we put old Bill on a pedestal, let's not forget that he too had allegations of questionable behavior.
Though to be fair, we didn't need any proof of it. It was always obvious.