It feels like they forced him to buy it, and now they are tarring and feathering him.
Ask HN: Why was Elon Musk forced to buy Twitter?
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Re: Ask HN: Why was Elon Musk forced to buy Twitter?
#2"Acquisition of Twitter by Elon Musk" - https://en.wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon....
Re: Ask HN: Why was Elon Musk forced to buy Twitter?
#3Elon signed a binding agreement to acquire Twitter as a joke. His legal attempts to back out of it failed.
Re: Ask HN: Why was Elon Musk forced to buy Twitter?
#4Elon signed a binding agreement to acquire Twitter as a joke. His legal attempts to back out of it failed.
Specifically he gave into the inevitable only when he was about to be forced into the discovery phase of a legal action. It's a matter of speculation as to WHY he preferred to pay $44 billion rather than have to truthfully produce documents and depositions under oath, but...
Re: Ask HN: Why was Elon Musk forced to buy Twitter?
#5The “they” who forced him to buy Twitter was the previous management of Twitter, when he attempted to back out of a legally binding agreement to buy Twitter that he had signed.
The “they” who are now criticising him for the way he’s running Twitter, are different people.
Re: Ask HN: Why was Elon Musk forced to buy Twitter?
#6Elon signed a binding agreement to acquire Twitter as a joke. His legal attempts to back out of it failed.
Yeah, the person who ‘forced’ Musk to buy twitter was Musk. And he has brought his own tar and feathers to the party.
Re: Ask HN: Why was Elon Musk forced to buy Twitter?
#7Sure. He was completely minding his own business when suddenly, out of nowhere, a judge forced him to buy Twitter for no reason. Poor guy.
Musk is an attention seeking narcissist. He is absolutely determined to turn himself into a clown show. He is succeeding.
No one has done this to him. He did it to himself.
Re: Ask HN: Why was Elon Musk forced to buy Twitter?
#8nobody forced him to submit a real, ridiculous offer for twitter when he was clearly not serious
nobody forced him to take direct control of it and proceed to run it into the ground
nobody forced him to do a costly rebrand that added no value and made it look like a porn site
nobody forced him to besmirch his reputation by conducting a scorched earth cull of twitter staff, having numerous public brawls and spats, making him look like a bad leader
nobody forced him to pick a fight with city councils and the owners of buildings he was renting over nonsense, cementing his reputation as erratic, untrustworthy and belligerent
nobody forced him to be repeatedly, vociferously transphobic, to complain bitterly about leftism, or to talk about how pizzagate was real and scare away all the wealthy twitter sponsors
nobody forced him to promote conspiracy theories
nobody forced him to openly court the alt-right
nobody forced him to do anything. He has been messing around and finding out for a while now, and now that he bought his own kool-aid and the stakes are so high that even a skilled team of people managing his numerous, constant screw-ups are not able to help save his image. This man went from seemingly a beloved Tony Stark like figure to a ranting lunatic all of his own accord.
Re: Ask HN: Why was Elon Musk forced to buy Twitter?
#9Sure. He was completely minding his own business when suddenly, out of nowhere, a judge forced him to buy Twitter for no reason. Poor guy. Musk is an attention seeking narcissist. He is absolutely determined to turn himself into a clown show. He is succeeding. No one has done this to him. He did it to himself.
I agree with your conclusion, but it's a natural question. Twitter management and users were not in favor of him owning the place, so why not let him back out? I think the driving answer was money. He paid way more than the company was worth, and there's no way the investors would accept the board turning down the offer.
Re: Ask HN: Why was Elon Musk forced to buy Twitter?
#10Sure. He was completely minding his own business when suddenly, out of nowhere, a judge forced him to buy Twitter for no reason. Poor guy. Musk is an attention seeking narcissist. He is absolutely determined to turn himself into a clown show. He is succeeding. No one has done this to him. He did it to himself.
I agree with your conclusion, but it's a natural question. Twitter management and users were not in favor of him owning the place, so why not let him back out? I think the driving answer was money. He paid way more than the company was worth, and there's no way the investors would accept the board turning down the offer.
Twitter's board had a fiduciary duty to ensure the completion of the transaction.
If they let Elon back out, there would have been shareholder lawsuits.