Elon Musk buys Twitter

[AsherO]

https://apnews.com/article/elon-musk-technology-social-media-64b8534f53aa0213fbfd2245bacd6109

What a passive-aggressive move.

[yos9694]

https://apnews.com/article/elon-musk-technology-social-media-64b8534f53aa0213fbfd2245bacd6109

Can't spell renegotiate without reneg

[AsherO]

Can't spell renegotiate without reneg

Twitter will be happy at this point to take $1bln from Musk and send him packing.

[avromie7]

Twitter will be happy at this point to take $1bln from Musk and send him packing.

Musk is not paying $1B. If he reneges it'll be because they materially misrepresented the business.

[AsherO]

Musk is not paying $1B. If he reneges it'll be because they materially misrepresented the business.

Did they? Did they make any representations at all (to him directly) before he made the offer?

[aygart]

Did they? Did they make any representations at all (to him directly) before he made the offer?

If they are in filings that is enough

[AsherO]

If they are in filings that is enough

Are there misrepresentations in the filings? If yes, that’s an issue even if he doesn’t buy Twitter.

Can’t take Musk’s words at face value, he’s known for hyperbole.

[aygart]

Are there misrepresentations in the filings? If yes, that’s an issue even if he doesn’t buy Twitter.

Where did they make these estimates

[Dan]

Maybe this was all a PR stunt, with the bonus that he gets to cash out of Tesla without getting criticized?

Or maybe he just wants to pay a lot less.

[AsherO]

Where did they make these estimates

I have no idea where Musk got those numbers or whether they’re formal communications to investors.

[yos9694]

Maybe this was all a PR stunt, with the bonus that he gets to cash out of Tesla without getting criticized?

Or maybe he just wants to pay a lot less.

It's the latter. Though I speculated (here) that he was just trolling and pressuring for changes when the offer first came out.

[yuneeq]

If they are in filings that is enough

In the public filings the past few years they cast doubt on their active user numbers, this isn't something new he discovered.

[AsherO]

In the public filings the past few years they cast doubt on their active user numbers, this isn't something new he discovered.

Yeah, then it’s not gonna get him off the hook for the $1 billion break fee.

[Sam 77]

I'm missing something is there a chance the deal is over?

[AsherO]

I'm missing something is there a chance the deal is over?

Musk can pay $1b and walk away right now

[Ver hut gazugt]

Yeah, then it’s not gonna get him off the hook for the $1 billion break fee.

afaik, they recently changed their numbers. It might have been before the deal though.

[Sam 77]

Musk can pay $1b and walk away right now

That I understand. But why would he?

[Ephcc90]

Musk can pay $1b and walk away right now

That’s really not true (legally, anyways–we are talking about Elon after all.)

[AsherO]

That I understand. But why would he?

We don’t quite know what his agendas are, so who knows.

[AsherO]

That’s really not true (legally, anyways–we are talking about Elon after all.)

He can only back out if he has a legitimate reason, but still needs to pay the fee?