Author Topic: Elon Musk buys Twitter  (Read 60971 times)

Offline Ephcc90

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Re: Elon Musk versus Twitter
« Reply #120 on: May 13, 2022, 01:19:11 PM »
He can only back out if he has a legitimate reason, but still needs to pay the fee?
He can only get out if the “Material Adverse Effect” clause is triggered or he can’t get financing. Otherwise, Twitter can force him to close. See sections 6.3(a), 4.6(a), 7.2(b) and 9.9(b) of the merger agreement.

Offline AsherO

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Re: Elon Musk versus Twitter
« Reply #121 on: May 13, 2022, 01:20:44 PM »
He can only get out if the “Material Adverse Effect” clause is triggered or he can’t get financing. Otherwise, Twitter can force him to close. See sections 6.3(a), 4.6(a), 7.2(b) and 9.9(b) of the merger agreement.

Thanks. NYT article breaks it down:
https://www.nytimes.com/2022/05/13/business/dealbook/elon-musk-twitter.html
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Offline TimT

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Re: Elon Musk versus Twitter
« Reply #122 on: May 13, 2022, 02:14:13 PM »
@mods replace(title, "versus", "leading")
Or how about “flip-flopping” ?

Offline TimT

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Offline yuneeq

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Re: Elon Musk versus Twitter
« Reply #124 on: May 15, 2022, 12:58:32 AM »
I think there’s 2 major issues with spam bots.

1. Fake followers make someone look more popular than they really are
2. Bots posting spam or other content to manipulate opinions

For me the 2nd concern is far greater, and the best way to measure is to look at the ratio of bot tweet impressions vs real people.
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Offline YitzyS

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Re: Elon Musk versus Twitter
« Reply #125 on: May 15, 2022, 01:02:39 AM »

2. Bots posting spam or other content to manipulate opinions
"but but those opinions are right??"

Offline Sam 77

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Re: Elon Musk versus Twitter
« Reply #126 on: May 15, 2022, 06:27:51 PM »
Rapper Snoop Dogg said he may swoop in to buy Twitter now that Elon Musk's $44 billion bid to buy the social media company is on hold.

Offline TimT

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Re: Elon Musk versus Twitter
« Reply #127 on: May 15, 2022, 06:34:23 PM »
Rapper Snoop Dogg said he may swoop in to buy Twitter now that Elon Musk's $44 billion bid to buy the social media company is on hold.
You have $43,850,000,000 to lend him ? :)

Offline AsherO

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Re: Elon Musk versus Twitter
« Reply #128 on: May 17, 2022, 10:24:52 AM »
He can only get out if the “Material Adverse Effect” clause is triggered or he can’t get financing. Otherwise, Twitter can force him to close. See sections 6.3(a), 4.6(a), 7.2(b) and 9.9(b) of the merger agreement.

There’s also apparently a non-disparagement clause.

I say buy Twitter and hedge with TSLA options. If this goes to court TSLA stock will crash.
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Offline avromie7

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Re: Elon Musk versus Twitter
« Reply #129 on: May 17, 2022, 10:57:49 AM »
There’s also apparently a non-disparagement clause.

I say buy Twitter and hedge with TSLA options. If this goes to court TSLA stock will crash.
Why? Current TSLA valuation is very low, I don't see how it can go much lower.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline aygart

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Re: Elon Musk versus Twitter
« Reply #130 on: May 17, 2022, 11:15:28 AM »
Daily Mail: 'Twitter does not believe in free speech': Twitter engineer recorded saying they censor the right.
https://www.dailymail.co.uk/news/article-10823295/Twitter-does-not-believe-free-speech-Twitter-engineer-recorded-saying-censor-right.html
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Offline aygart

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Re: Elon Musk versus Twitter
« Reply #131 on: May 17, 2022, 11:18:26 AM »
Twitter plans to enforce $44bn takeover price with Elon Musk


https://www.ft.com/content/dbdee721-3b46-4738-a534-ee0187340520
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Offline WonderingYid

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Re: Elon Musk versus Twitter
« Reply #132 on: May 17, 2022, 11:30:46 AM »
Rapper Snoop Dogg said he may swoop in to buy Twitter now that Elon Musk's $44 billion bid to buy the social media company is on hold.
With his 150mil net worth?

I believe that tweet was a joke.

Offline AsherO

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Re: Elon Musk versus Twitter
« Reply #133 on: May 17, 2022, 12:41:18 PM »
With his 150mil net worth?

I believe that tweet was a joke.

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Offline neveryou

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Re: Elon Musk versus Twitter
« Reply #134 on: May 17, 2022, 09:02:53 PM »
So if elon and twitter go to court than twitter will be forced to prove how many bots there are?

Offline AsherO

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Re: Elon Musk versus Twitter
« Reply #135 on: May 17, 2022, 11:27:21 PM »
So if elon and twitter go to court than twitter will be forced to prove how many bots there are?

Not necessarily. They’re the plaintiff, Elon is the defendant. They’re suing him for breach of contract (or maybe it’s called something else in this case). I would assume they only have to defend the claim if he can prove to the court’s satisfaction that it has merit. If it looks really bad they could somehow settle or drop the lawsuit. They’ll probably have a lot of this figured out before deciding to sue him.
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Offline Ephcc90

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Elon Musk versus Twitter
« Reply #136 on: May 18, 2022, 12:13:50 AM »
https://www.bloomberg.com/news/articles/2022-05-18/as-musk-tweets-advisers-plug-away-to-keep-twitter-deal-on-track?srnd=premium&sref=22rhHYtV

“One potential sign that the deal is still on track: the 139-page filing that hit early Tuesday, detailing how the offer came together and Twitter’s rationale for accepting it. That document was the result of weeks of coordinated work by both Musk and Twitter’s teams, according to people familiar with the matter. Musk himself signed off on the final version -- complete with a deal price of $54.20 a share -- before it was filed, the people said.”

Offline WAM

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Re: Elon Musk versus Twitter
« Reply #137 on: May 18, 2022, 12:52:41 AM »
(Baseless conspiracy theory) A couple of months back, Elon decides that Twitter really is evil, so after confirming that Twitter is more than 5% bots he hatched a plan to send them to MySpace land. He psyches everybody up with his big offer, and at the last second, he leaks audio that Twitter doesn't believe in free speech. He then gets out of the deal for nothing, using the bots as his escape.

Now that Twitter is on the way down, he buys out TS and lets ppl know that TS is the way to go. TS overtakes Twitter and we look back at this moment in 20 years as the moment that brought free speech back in the US.

Offline TimT

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Re: Elon Musk versus Twitter
« Reply #138 on: May 18, 2022, 02:34:00 AM »
(Baseless conspiracy theory) A couple of months back, Elon decides that Twitter really is evil, so after confirming that Twitter is more than 5% bots he hatched a plan to send them to MySpace land. He psyches everybody up with his big offer, and at the last second, he leaks audio that Twitter doesn't believe in free speech. He then gets out of the deal for nothing, using the bots as his escape.

Now that Twitter is on the way down, he buys out TS and lets ppl know that TS is the way to go. TS overtakes Twitter and we look back at this moment in 20 years as the moment that brought free speech back in the US.
Time to put the bottle down.🤪

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Re: Elon Musk versus Twitter
« Reply #139 on: May 18, 2022, 05:34:27 AM »
Not necessarily. They’re the plaintiff, Elon is the defendant. They’re suing him for breach of contract (or maybe it’s called something else in this case). I would assume they only have to defend the claim if he can prove to the court’s satisfaction that it has merit. If it looks really bad they could somehow settle or drop the lawsuit. They’ll probably have a lot of this figured out before deciding to sue him.
If this continues I'm sure Elon will counter sue...
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