661–670 of 1001 posts
The market crashed to hell and it makes no sense to close on a ~50% markup when the penalty is at most $1B. It seems kind of obvious to me he’s angling to get a nice discount and close, since he has almost all the leverage (the shareholders are going to sue the board if they end up having their stock directly exposed to the radioactive hellscape that is the equities market.)
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…
Good analysis. > If Elon ends up not closing this deal with Twitter, I suspect that Twitter will go the way of Tumblr...eventually getting bought by a second tier tech company before being mismanaged into irrelevance. Has Musk demonstrated that he has a viable business plan for Twitter that would help it avoid mismanagement into irrelevance?
An alternative theory all the people who have being really upset about him buying Twitter are now actually cheering for him to be forced to buy it. So he got to shift the sentiment for free :)
There's something really messed up and confusing about all the people complaining about him buying twitter now complaining he's backing out of the deal. Most of the people in these comments are hypocrites.
> I have enormous respect for his engineering and business skills, he's accomplished some remarkable things. But he doesn't seem so great as a dealmaker. Perhaps he's badly advised, but hey, he chose his advisors. There’s no evidence that he’s a good engineer or a good businessman, save if committing fraud or stealing the accomplishments of others is in the list of things that qualifies one of either. It’s beyond tim…
Earlier quoted context omitted.
> when the penalty is at most $1B This isn't correct. People keep saying this, but it's not true. $1B is the penalty if Musk can't get financing. He has financing. He has no escape clause now, and this is a transparent and frankly pathetically weak attempt to get out of the deal. If he gets out at all, it will be at a much higher price than $1B. > It seems kind of obvious to me he’s angling to get a nice discount and…
His financiers were the ones requesting validation. At this point it appears they pulled financing as the conditions weren’t met.
Earlier quoted context omitted.
Twitter has already said they'll sue for specific performance: https://twitter.com/btaylor/status/1545526087089696768
It will eventually settle. If they sue and win Musk's financing will have long backed out so they aren't going to end up with enough to close the deal. I suppose they could force him into bankruptcy which would end up with his ownership stakes in Tesla and SpaceX sold off. Given how much of a loose cannon he's become that would probably be better for other shareholders but who knows.
I wouldn't mind watching Twitter do this to him out of spite.
lots of emotionally-charged comments here, which is pretty disappointing. if we look at this dispassionately, perhaps we can come to better conclusions than "elon big poopy head freeze peach bad". for example, one possibility is that Musk never intended to actually buy Twitter because he had reasonable suspicions that the <5% spam/bot figure provided by Twitter was intentionally incorrect (i.e. fraudulent), and he ju…
You are writing fan fiction, not observing reality.
This 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…
i think you are referring to twitter.com
imo this is pretty bad for twitter the company. they’ve been flat for years, they’re current valuation is less than in 2013. they’ve lost the plot a while ago and seem to have been in a managed decline, probably because they were looking for buyers.
> and good for the world
you are overestimating how many people care about twitter outside of the US.
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…
> Everyone knows twitter is majority bots, gpt influence accounts You are writing fan-fiction, not making an argument.
My country is notability bad they close the comment section so real accounts can't out comment the bot accounts, our government has social media influence programmers running this, people I know. ( small country )
They use gpt 2 to generate around 100 curated comments for each news article, You can typically tell by going into their account and seeing when they joined and friend count ect. However recently they started hiring normal people to comment.
This has been the PR industry for at least 4 years.