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Notice of termination of Twitter merger agreement

sec.gov

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Re: Notice of termination of Twitter merger agreement

#441

Post by eloff »

christkv wrote: post #137
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…

Termination fee is like 1 billion I think so it will still be cheaper for him to back out and then buy it when its stock price crumples over the next couple of quarters.

That's only in case he can't get financing. There's no option to pay $1B and walk away. Twitter can sue to force him to complete the deal under the contract they signed.

However I suspect the lawsuit to be settled rather than drag on for years. Probably he'll buy it at a reduced price or pay a larger termination fee to walk away.

Re: Notice of termination of Twitter merger agreement

#442

Post by kringo »

hwers wrote: post #342
kringo wrote: post #223

I like him for his entrepreneurship and big bold bets. However related to Twitter, looking what's happening since his first tweet, this was the plan all along. Come up with an excuse to get out of the deal. Just he was trying to cash in all the marketing he can like always. I don't think its going to work the way he thinks in this case, its atleast going to cost him $1b

Surely 1bn could have afforded a lot more and better marketing..

for sure :-)

Re: Notice of termination of Twitter merger agreement

#443

Post by daemoens »

rvz wrote: post #314
daemoens wrote: post #251

Earlier quoted context omitted.

All of them are incredibly small though. Most conservatives still use regular social media.

All of them are still bigger than Mastodon. After 6 years, Mastodon failed to show itself to be a proper alternative even during the so-called 'exodus' from Twitter. Given that it is smaller than those social networks, I regard that as a catastrophic failure. 6 years is not early days and Mastodon failed has still failed to attract users from Twitter 2 months ago. No chance of a significant amount of serious users fr…

Mastadon wasn't built for conservatives though. Truth and it's ilk are built specifically because of conservatives feeling censored. They have a reason to go there. Mastadon has nothing.

Re: Notice of termination of Twitter merger agreement

#446

Post by nimbius »

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…

why not both?

the real reason he's filing the sec notice is the gas has run out of the bullshit bus. nobody believes his due diligence claims, the board just sent him a resounding vote of approval to buy, and the legal pain train of that comes with anymore of this childish foot dragging sideshow is pulling into the station.

I'd be stunned if he gets to walk off with the billion dollar penalty. too many financial guarantees and backings have been made, and musks had an SEC crosshair on him for years now. they know exactly what patent brand of bullshit he's peddling and have shown themselves more than willing in the past to take action.

musk can file all the notices he wants but i suspect hes about to get ready for the billionaires version of a shotgun wedding.

Re: Notice of termination of Twitter merger agreement

#447

Post by CRUDite »

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…

He has made billions using twitter spamming Tesla and doge. It’s a playground for for the guy. And therefore cheap at almost any price. But of course why pay more than needed. On a more semi serious note: it must seem ludicrously easy for the guy. He has laid it all out: Mars needs: VTOL rockets since no infrastructure Methane due to atmospheric constraints Tunnels for transport see also infrastructure Starlink see also infrastructure Direct democracy via twitter ( imperator status exempt )

Have as many kids as possible since it’s obvious he will own the solar system. He ain’t gonna be that democratic therefore. Just another dynasty but maybe the last

Re: Notice of termination of Twitter merger agreement

#448

Post by x86x87 »

legitster wrote: post #2

Oh boy. The real circus is about to begin. Everything before this was just a warm up.

Nowadays when everything is just circus is hard to say when things start and when they end. One thing is clear to me - Elon didn't learn anything from his previous episodes ("funding secure", calling people names, crypto scams, etc).

Re: Notice of termination of Twitter merger agreement

#449

Post by CRUDite »

CRUDite wrote: post #447
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…

He has made billions using twitter spamming Tesla and doge. It’s a playground for for the guy. And therefore cheap at almost any price. But of course why pay more than needed. On a more semi serious note: it must seem ludicrously easy for the guy. He has laid it all out: Mars needs: VTOL rockets since no infrastructure Methane due to atmospheric constraints Tunnels for transport see also infrastructure Starlink see a…

therefore of course he will buy it

Re: Notice of termination of Twitter merger agreement

#450

Post by x86x87 »

aalleavitch wrote: post #372

What if he's not a genius and actually he's just some guy, and his wealth is actually arbitrary. Absolutely chilling thought, eh?

Genius is not an absolute that applies across everything one done. In fact most geniuses are very very good across one dimension + they benefit from the halo effect.

Musk can be a "genius" when it comes to electric cars and space exploration while at the same time being total wrong about almost everything else.

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