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Notice of termination of Twitter merger agreement

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Re: Notice of termination of Twitter merger agreement

#401

Post by pen2l »

"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 (https://twitter.com/btaylor/status/1545526087089696768)

Elon is on the record talking about the 'bot problem' over the years (on Twitter!). He's about to get a very expensive lesson that agreements can't be breached even if you have more money than sense to spend on litigation and you can't just say stuff willy-nilly, because it can come back to bite you sometimes.

Re: Notice of termination of Twitter merger agreement

#402

Post by betwixthewires »

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.

I think the above comment is largely targeted at the many character attacks against Musk and less so at commentary on the legality of this whole Twitter thing.

Re: Notice of termination of Twitter merger agreement

#403

Post by drexlspivey »

petilon wrote: post #360
drexlspivey wrote: post #227

Earlier quoted context omitted.

Why does he need a cover to sell his stock? He sold $10B+ last year without the twitter excuse. Also TSLA stock in March was at least 40% below it's peak

> Why does he need a cover to sell his stock? Wouldn't he look to be a hypocrite otherwise? [1] [1] https://nypost.com/2022/05/31/elon-musk-calls-out-bill-gates...

I don’t see how, Gates is short TSLA and musk is the exact opposite, the biggest TSLA shareholder in the world

Re: Notice of termination of Twitter merger agreement

#404

Post by slowmotiony »

camjohnson26 wrote: post #367
hwers wrote: post #278

Earlier quoted context omitted.

This is such a terrible look for Elon. I’ve really liked him up until now but this just feels like playing with our emotions. Honestly starting to question how much hope there is for mars to happen at all.

Musk receives a lot of flak because he presents extremely hard problems as easy, and sells the idea that only he can solve them. But this is clearly not true, just look at all the progress that is happening in automated driving and EV technology outside of Tesla, with Waymo, Cruise, and other companies already offering limited driverless rides, and with the Rivian and Ford 150 Lightning beating the cybertruck to mark…

Real progress takes real work, not promises and marketing fluff.

I've never seen a Waymo, Cruise, Rivian or a Ford 150 Lightning in my entire life and I've been in many major cities across the world. You know what I do see on a daily basis though? Teslas.

Re: Notice of termination of Twitter merger agreement

#406

Post by yalogin »

This was never in doubt. He made a foolish decision to buy Twitter with his stock and then immediately regretted it the moment the stock market tanked. Tesla itself went down by a lot and it made it almost impossible for him to finance it. He wanted out and made up reasons. Twitter will try to enforce the purchase agreement. It will be interesting to follow this case.

Re: Notice of termination of Twitter merger agreement

#407

Post by martin8412 »

civilized wrote: post #371
988747 wrote: post #64

Earlier quoted context omitted.

>> It's less clear to me why he almost immediately started trying to back out. That's what you do when you sober up and realize what a mess you've made.

Perhaps underneath the 420 jokes lies the reality that he's high fairly often. I am sure the offer price of $54.20 was a joke. With Musk, the appearance of those digits is never an accident.

Wine and Ambien is his goto..

Re: Notice of termination of Twitter merger agreement

#408

Post by iLoveOncall »

DelaneyM wrote: post #45

For anyone thinking he can pay the 1B$ termination fee and walk away, it's not that simple. The 1B$ is a "reverse breakup" fee, and applies when an outside force (like SEC or financing) prevents the deal. That 1B$ has nothing to do with any choices on either side, and is unlikely to factor into this process. At this point they're clearly going to trial, and it's not unlikely that the cost to Elon will be somewhere in…

> the difference between the fair current market value (~20B$?) and the purchase price (~44B$)

Why would the current market price have anything to do here? Twitter want him to be forced to buy for $44B, not a penny less.

Re: Notice of termination of Twitter merger agreement

#409

Post by telesoft »

godmode2019 wrote: post #254

I can tell you Twitter took the not question seriously. I have only used twitter once when my company had a notice board you needed to tweet to, over 7 years ago. After musk started talking about bots, I started getting a ungodly amount of twitter emails asking me to sign in and see watt my friends are doing ect. Over 10 a day for the last month or so. My email is literally filled with twitter emails trying to activa…

>My email is literally filled with twitter emails trying to activate my inactive account to temporary inflate their numbers.

Big if true

Re: Notice of termination of Twitter merger agreement

#410

Post by frollo »

Animats wrote: post #255

Tesla needs to focus. Two major assembly plants are down for line rework because the line runs too slowly. The battery factories are behind schedule. Solar roof installations are way under goal, despite high energy prices. "Self driving" is a flop. And whatever happened to the Cybertruck? Tesla is a car company. They need to focus on making cars. They're past the startup stage. To grow into that bloated market cap, t…

> Tesla is a car company.

Tesla is a very complex financial operation which, sometimes, sells some cars. From Musk's point of view it's working exactly as planned.

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