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Notice of termination of Twitter merger agreement
161–170 of 1001 posts
Re: Notice of termination of Twitter merger agreement
#162Re: Notice of termination of Twitter merger agreement
#163>The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.
Bret Taylor, Twitter board chair - 4:51 PM Chicago time · Jul 8, 2022
Re: Notice of termination of Twitter merger agreement
#164Earlier quoted context omitted.
There aren't claiming fraud, there are claiming breach of contract. Including, among other things, by failing to maintain operations in the regular course of business because of, I kid you not, allowing some senior officials to resign . (It's true some of the many other things that are claimed to be breaches relate to alleged failure to fulfill obligations to provide information that Musk supposedly wanted to determi…
It says in the first paragraph about making misleading representations. That is lawyer talk for lying. Lying in this context is fraud. Secondly, the ceo was firing aka asking for resignations from key people, no? That is not maintaining the business, that seems like sabotage.
Misrepresentation is a necessary but insufficient component for a finding of fraud.
Re: Notice of termination of Twitter merger agreement
#165Well that’s certainly an editorialized title.
> and this is why nobody should be reporting it as "Elon Musk ends Twitter deal." Musk is TRYING to back out of the deal, but Twitter plans to try and enforce the merger agreement. The battle begins
Re: Notice of termination of Twitter merger agreement
#166Hit it, Frank:
https://www.youtube.com/watch?v=K_WgCGOWae4
We must watch the stuff you make.
You have let us eat the cake.
While your accountants tell you, "Yes, yes, yes!"
You make expensive ugliness, how do you do it? Let me guess...
Re: Notice of termination of Twitter merger agreement
#167Twitter is going to be the downfall of Elon. I don’t understand is fascination with it. It’s a big distraction and he alienates a certain percentage of his customers for Tesla.
Because a non small part of his success is based on portraying himself as a form of real world tony stark, mainly over twitter.
Without that he wouldn't have gotten nearly anywhere close to where he ended up.
Because for a lot of his ventures he used that image to collect way more money then the company would normally had gotten and the used the additional money to try to beat the completion enough so that the investors won't complain even through the company didn't reach to promised (and often outright absurd) goal anywhere close in time/at all.
Re: Notice of termination of Twitter merger agreement
#168This is good for Twitter, and good for the world. Musk's misguided approach to free speech, which says anything that is not explicitly illegal is allowed, would have made Twitter an open forum for spreading lies and hate. My guess is Musk never intended to buy Twitter. He needed an excuse for dumping billions of dollars' worth of TSLA at its peak (while at the same time faulting Bill Gates for shorting TSLA), and his…
> Musk's misguided approach to free speech, which says anything that is not explicitly illegal is allowed
What is free speech but that.....
> would have made Twitter an open forum for spreading lies and hate.
Like it isn't now. Twitter lets pretty much anything and everything except hate against specific subgroups they've decided are "protected". It really doesn't help there choices are entirely arbitrary with no internal consistency.
Re: Notice of termination of Twitter merger agreement
#169Twitter is going to be the downfall of Elon. I don’t understand is fascination with it. It’s a big distraction and he alienates a certain percentage of his customers for Tesla.
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Re: Notice of termination of Twitter merger agreement
#170Twitter is going to be the downfall of Elon. I don’t understand is fascination with it. It’s a big distraction and he alienates a certain percentage of his customers for Tesla.
How exactly would it result in his downfall? Do you think the terminally online even buy Teslas, or use Starlink, or, you know, shoot rockets into space?
yes, yes, no