Elon Musk buys Twitter

[Ephcc90]

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.

[AsherO]

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

[TimT]

@mods replace(title, "versus", "leading")

Or how about “flip-flopping” ?

[TimT]

https://twitter.com/cbouzy/status/1525434843680718848

[yuneeq]

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.

[YitzyS]

2. Bots posting spam or other content to manipulate opinions

"but but those opinions are right??"

[Sam 77]

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.

[TimT]

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 ?

[AsherO]

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.

[avromie7]

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.

[aygart]

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

[aygart]

Twitter plans to enforce $44bn takeover price with Elon Musk


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

[WonderingYid]

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.

[AsherO]

With his 150mil net worth?

I believe that tweet was a joke.

#alsoran #wannaberelevent

[neveryou]

So if elon and twitter go to court than twitter will be forced to prove how many bots there are?

[AsherO]

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.

[Ephcc90]

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.”

[WAM]

(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.

[TimT]

(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.🤪

[jj1000]

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...