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Notice of termination of Twitter merger agreement

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Re: Notice of termination of Twitter merger agreement

#541

Post by mikkergp »

WORMS_EAT_WORMS wrote: post #494
mikkergp wrote: post #336

Earlier quoted context omitted.

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.

Eh, I think he’s a believer. I like Jack. He dreams big and is pretty inspirational to wild ideas. You are high if you are reading this and think he’s not upset with where Twitter landed.

Yeah I mean I guess that’s what I’m trying to say. I do think Dorsey is a believer which makes it so odd to me that Dorsey and Musk apparently had enough of a relationship for Dorsey to say Musk was the best person to take over Twitter, and then see the takeover later become so disorganized.

Re: Notice of termination of Twitter merger agreement

#542

Post by datavirtue »

spfzero wrote: post #343
pryce wrote: post #155

Earlier quoted context omitted.

If someone's stock is as incredibly overinflated as Tesla has been for so long, choosing the most effective way to liquidate stock without triggering a run becomes a social engineering problem with the incentive of a multi-billion dollar payoff. Honestly I think other people trying to read this situation in some way that ignores a multi billion dollar incentive just sitting there is utterly naive.

I think the incentive you mean is to move out of a stock you think is overvalued (I agree about that). But that works with any purchase, not just Twitter. And with that motive in mind, Twitter would be a really unwise company to buy, when there are so many companies available with actual asset value around. Wouldn't you rather buy something with your over-inflated stock that had some value-preservation attributes? Fo…

He could sit next to whatever dark lord descendents currently run Ford, for less. But that would make Tesla into a serious car company; which is a real business deal, for someone serious about changing the world.

This is just one of the impacts of the high potency products at the local cannabis dispensary. You can't function if you wake and bake on that shit.

Re: Notice of termination of Twitter merger agreement

#543

Post by colechristensen »

WORMS_EAT_WORMS wrote: post #520
colechristensen wrote: post #514

Earlier quoted context omitted.

I promoted a tweet just for curiosity and a significant portion of the engagement was spammy. A lot of likes from accounts selling some kind of sex work, some really blatant spam, a lot of small time self promotion from wannabe influencers. Much of this was probably “real people” but also “spam”. There is a spectrum of what is and is not “real” usage vs spam, but if I were advertising for real, I wouldn’t want to tar…

Does anyone here actually believe Twitter doesn’t know this and have exact metrics down to a science? Or those stock options and gains too big to have any real morals?

I’m not so sure there can be exact metrics, when exactly an account is and is not spam is probably impossible to determine, there is a lot of grey area.

Re: Notice of termination of Twitter merger agreement

#544

Post by Forlien »

dqpb wrote: post #506
madrox wrote: post #241

Everything about this deal strikes me as Elon trying to buy his way out of the fact he illegally acquired stock in a bid for a board seat. At the time, I'm sure he thought it was a clever way out of an immediate problem, and he certainly moved the conversation away from his stock buying shenanigans. I just don't know how he didn't see how the outcome would be...owning Twitter. So many people have gotten very close to…

> illegally acquired stock Illegal how?

Not the OP, but when an investor acquires more than 5% of a stock, they have a limited time to disclose it. Elon disclosed his Twitter stock acquisition too late (20 days after instead of 10) and using the wrong form (Schedule 13G instead of Schedule 13D), painting him as a passive investor rather than an activist.

https://www.bloomberg.com/opinion/articles/2022-04-06/elon-m... talks about it.

Re: Notice of termination of Twitter merger agreement

#545

Post by IAmGraydon »

atlasunshrugged wrote: post #60
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…

There's another belief floated by Josh Wolfe (an investor with Lux Capital) who claimed it was a ruse to liquidate Tesla stock en masse without Tesla hodlers getting suspicious and tanking the inflated stock price. https://twitter.com/wolfejosh/status/1545387947578597376

I tend to believe it's something along these lines. The real question is why is he going to such great lengths to liquidate stock? He is not the only high profile billionaire who has recently come up with sudden circumstances to justify the liquidation of massive amounts of stock.

Re: Notice of termination of Twitter merger agreement

#546

Post by themitigating »

Gustomaximus wrote: post #462
pryce wrote: post #155

Earlier quoted context omitted.

If someone's stock is as incredibly overinflated as Tesla has been for so long, choosing the most effective way to liquidate stock without triggering a run becomes a social engineering problem with the incentive of a multi-billion dollar payoff. Honestly I think other people trying to read this situation in some way that ignores a multi billion dollar incentive just sitting there is utterly naive.

I wondered this early on. More so when I thought he would actually buy twitter as Twitter had had some serious share price decline at that point for over 6 months, so it's a way to shift money from an inflated area to a more moderately priced one. Plus he obviously likes the platform in general. If true, I don't think it's the case he did it intending to pull out. Seems unlikely he would have signed the billion dolla…

So you acknowledge the possibility that he acted impulsively but think his other decision were all rational and intelligent?

Re: Notice of termination of Twitter merger agreement

#548

Post by jchook »

sbf501 wrote: post #518
meragrin_ wrote: post #322

Earlier quoted context omitted.

> Musk is saying, you haven't demonstrated your numbers are accurate. It has nothing to do with accuracy. Twitter is supposedly not providing the data: 'While Section 6.4 of the Merger Agreement requires Twitter to provide Mr. Musk and his advisors all data and information that Mr. Musk requests “for any reasonable business purpose related to the consummation of the transaction,” Twitter has not complied with its con…

> Twitter is supposedly not providing the data Didn't he get access to the firehose, which is, AFAIK, -ALL- the data? (not the 50GB he tweeted about but supposedly a 2TB/day stream?)

IIRC "the firehose" is around 10%

Re: Notice of termination of Twitter merger agreement

#549

Post by bmitc »

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 developed cold feet pretty fast after an impetuous decision

I don't think it was impetuous. I think he did this all on purpose and planned on using his usual tactics of improvisational manipulation and grandstanding to get what he wanted, whether it was Twitter at a cheap price, manipulating the Twitter stock price to make a quick buck off of his stock purchase, liquidate some of his Tesla stock, seed further discontent on Twitter, spur on rabble around bots (despite knowing full well that Tesla and himself have benefited from Twitter bots and potentially even controlled them), drone on about free speech in some sort of libertarian political play, or whatever else. And it has all failed. Now, he's just gonna let his dirty lawyers figure some way out of it all and move on to the next scam.

Re: Notice of termination of Twitter merger agreement

#550

Post by abc_lisper »

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…

> The more competent the plan and execution need to be, the less likely it is to be a conspiracy.

That’s a great point. Thank you :)

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