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Notice of termination of Twitter merger agreement

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Re: Notice of termination of Twitter merger agreement

#331

Post by soganess »

idiotsecant wrote: post #216
TillE wrote: post #57

Earlier quoted context omitted.

I suspect the initial decision was something like "hey I could actually just buy Twitter, that would be funny". It's less clear to me why he almost immediately started trying to back out. It's probably a waste of a significant chunk of money, but is that all?

It makes more sense if you assume that Elon Musk is both a sometimes successful businessman and also suffering from unmanaged bipolar disorder.

Can we not jump to blaming a person's bad choices on the first medical condition that fits? I know Musk has said he has bipolar disorder, and I'm not trying to discount that.

I'm just saying what if... gasp... he simply did something foolish? The blame-it-on-the-bipolar out reinforces the narrative of an infallible person who only make mistakes because of a medical condition. Take that line of thinking one step further and you are now fully onboard the bipolar stigma train.

Re: Notice of termination of Twitter merger agreement

#332

Post by kennywinker »

ithinkso wrote: post #280
hourago wrote: post #90

Earlier quoted context omitted.

> He's clearly eccentric in his approach to decision making Being called Eccentric is the luxury of the rich. If he was poor one will say "irresponsible" or even "crazy".

It is irresponsible to do something eccentric if you cannot afford it

It’s irresponsible to do something eccentric when poor people bear the brunt of the consequences because you can afford to lose a billion here and there while people pay for that with their jobs, homes, lives.

Re: Notice of termination of Twitter merger agreement

#334

Post by erichocean »

fooey wrote: post #211
minimaxir wrote: post #33

Earlier quoted context omitted.

His team apparently had a tough time verifying the data due to API rate limits. > While Twitter has provided some information, that information has come with strings attached, use limitations or other artificial formatting features, which has rendered some of the information minimally useful to Mr. Musk and his advisors. For example, when Twitter finally provided access to the eight developer “APIs” first explicitly…

the contract says they can't make any demands that have materially adverse effect on the company if he was hitting up against rate limits, it's easy for Twitter to call his requests adverse

They gave higher rate limits to existing enterprise customers.

Pretty hard to argue that is was "adverse" in that case.

Re: Notice of termination of Twitter merger agreement

#335

Post by aetherson »

runarberg wrote: post #302
avalys wrote: post #197

Earlier quoted context omitted.

The deal includes a "specific performance" clause, which allows Twitter to force Musk to carry out the deal. He can't simply pay $1 billion and walk away, he's in for a very messy legal fight. This pretext about bots is incredibly weak and he's in no way guaranteed to win. If this really were part of some grand master plan, I think he would have left himself an easier out.

Never underestimate the incompetence of the average human. Doubly so if they are rich and powerful. In fact if a master plan has several fatal flaws on closer inspection, then that’s just evidence that the perpetrator just didn’t think it all through before executing. If you watch an amateur chess game you’ll find that most players actually have some master plan, but don’t have the skills to see the flaws, or even if…

What is a theory you have dismissed because it seems too competent?

Re: Notice of termination of Twitter merger agreement

#336

Post by mikkergp »

timsneath wrote: post #17

It seems apparent to this observer that he developed cold feet pretty fast after an impetuous decision, and has been looking for any reason to back out of it since then. The spam accounts angle seems like a convenient scapegoat, rather than a real surprise to him. He's clearly eccentric in his approach to decision making: I don't think any Harvard Business School course will teach "the Musk Principles". But it's uncl…

I think about Jack Dorsey's endorsement early on:

https://www.cnbc.com/2022/04/26/jack-dorsey-elon-musk-is-the...

This most of all makes me think he was really into it and then fucked it all up. Or Jack was just trying to get back at the board.

Re: Notice of termination of Twitter merger agreement

#337

Post by howinteresting »

elliekelly wrote: post #318
shuckles wrote: post #298

Earlier quoted context omitted.

Twitter has already said they'll sue for specific performance: https://twitter.com/btaylor/status/1545526087089696768

My heart sank when I read your comment: why on earth would the board sue for specific performance!? But my reading of the statement in the tweet is that they plan to sue for enforcement of the agreement which I believe means paying the agreed-upon penalty for backing out of the deal. I don’t at all read that statement as a plan to seek specific performance.

The agreed-upon penalty is when both sides mutually back out of the deal. But right now Twitter's board thinks it can get a lot more out of Musk than just $1B, and my understanding is that the board is likely correct.

Re: Notice of termination of Twitter merger agreement

#338

Post by hwers »

strangeloops85 wrote: post #174

This is going to Delaware Chancery court, and if his ridiculous claims hold it does turn upside down long-held general principles of mergers and acquisitions that would affect.. everyone. I don't think the court will side with him on this. In the past, they have forced mergers to go through..

So embarrassing if he ends up being forced to own it and everyone knows he tried to back out.

Re: Notice of termination of Twitter merger agreement

#339

Post by ramacastro »

vecter wrote: post #326
ramacastro wrote: post #297

Quoted post unavailable.

This ad hominem has nothing to do with Elon's legal standing with regards to whether or not he can back out of the deal without paying a large breakup fee. Yes Elon has done great work for humankind, but that doesn't absolve him of responsibility for bad behavior.

No post body was provided.

Re: Notice of termination of Twitter merger agreement

#340

Post by appletrotter »

soganess wrote: post #331
idiotsecant wrote: post #216

Earlier quoted context omitted.

It makes more sense if you assume that Elon Musk is both a sometimes successful businessman and also suffering from unmanaged bipolar disorder.

Can we not jump to blaming a person's bad choices on the first medical condition that fits? I know Musk has said he has bipolar disorder, and I'm not trying to discount that. I'm just saying what if... gasp... he simply did something foolish? The blame-it-on-the-bipolar out reinforces the narrative of an infallible person who only make mistakes because of a medical condition. Take that line of thinking one step furth…

Do you have any experience with bipolar?
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