To me Musk is trying to get out of the deal while at the same time twitter owners know they found a great patsy so they are unwilling to release real numbers.
Notice of termination of Twitter merger agreement
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Re: Notice of termination of Twitter merger agreement
#792Chancery courts will compel performance of this transaction absent a showing of an material adverse advent. Very, very high bar. The buyer is a highly sophisticated investor and the grounds that he is alleging form the basis of the breach of contract were and are public information that has not materially changed nor been alleged to have materially changed since the signing of the merger agreement. Moreover, and most…
This is going to be one of those HN posts that will not age well, isn't it
Re: Notice of termination of Twitter merger agreement
#793Earlier quoted context omitted.
Tesla and SpaceX success is depending on the public opinion of Musk. If he ends up paying 15 billion (or whatever the number is) over a botched take over, one that had a negative impact on Tesla shares, this opinion might just change. In which case Teslas future preception as a tech company might be at risk.
> Tesla and SpaceX success is depending on the public opinion of Musk No it does not, SpaceX results speak for themselves, they have no competition. Same with Tesla, just check their vehicles sold charts.
SpaceX competition: Arianne space and a bunch of upstarts, plus every other commercial launch service excluding the Russians at the moment.
Tesla's competition: every other car marker.
Re: Notice of termination of Twitter merger agreement
#794Earlier quoted context omitted.
Not how it works... discovery is limited to the terms of the contract, not whatever mission they want to go on. Censorship isn't illegal. Anti-competitive behavior isn't even part of the allegations.
Quoted post unavailable.
//Censorship is illegal because free speech is protected by the first amendment
Only when the Government censors. The 1st amendment doesn’t apply to private individuals.
Re: Notice of termination of Twitter merger agreement
#795Chancery courts will compel performance of this transaction absent a showing of an material adverse advent. Very, very high bar. The buyer is a highly sophisticated investor and the grounds that he is alleging form the basis of the breach of contract were and are public information that has not materially changed nor been alleged to have materially changed since the signing of the merger agreement. Moreover, and most…
Yeah especially with his filing saying he’s waiving BDD. That’s a tough one to escape. He’s claiming that Twitter has made a material misstatement on their public filings. I’m sure that disclosure has been heavily diligenced.
Re: Notice of termination of Twitter merger agreement
#796I have very little context here. It seems the general sentiment in the comments is that this attempt to get out of the merger agreement will fail and that Musk will be forced to follow through with the purchase of Twitter. At the current rate Twitter is trading at, Musk will be paying roughly 50% over market value to acquire the company. So a question: if you believe Musk will still purchase Twitter at an inflated pr…
There’s a chance Twitter accepts 5-10B in exchange for dropping their objections to the end of the merger.
Why would they take a 5B settlement when they have legal grounds to force the deal through for 44B?
Re: Notice of termination of Twitter merger agreement
#797Earlier quoted context omitted.
Not how it works... discovery is limited to the terms of the contract, not whatever mission they want to go on. Censorship isn't illegal. Anti-competitive behavior isn't even part of the allegations.
Quoted post unavailable.
Not sure how often it has to be explained, but the first ammendment and similar provisions in other countries only apply to the government, they do not apply to businesses.
Re: Notice of termination of Twitter merger agreement
#798Okay, if everyone is posting conspiracy theories - here's mine. Musk did this for people to stop clamouring about his alleged twins with that blue-eyed smarty from Neuralink.
Don't forget the SpaceX flight attendant he exposed his penis to and propositioned for sexual acts.
Re: Notice of termination of Twitter merger agreement
#799Paul Graham: https://mobile.twitter.com/paulg/status/1545547177849667585 Let me answer that: they do not want to be owned by someone who doesn't want to. But they want the 40B more.
Man PG has jumped the shark completely. What the hell is that tweet - a deal is a deal, how can he implicitly say it should be ok for it not to be honoured (and with his twitter following, saying something publicly has an impact, however small)
Re: Notice of termination of Twitter merger agreement
#800The filed letter ( https://www.sec.gov/Archives/edgar/data/1418091/000110465922... ) isn't the knockdown argument I would be expecting. Musk is saying, you haven't demonstrated your numbers are accurate. But having signed the merger agreement and waived due diligence, I think he needs to demonstrate that they are _not_ accurate. Complaining Twitter rate-limited his API access (which would be very foolish on their par…
mDAU being monetizable daily active users for those who are wondering
The m seems to be key, if a bot can be mobetized that bot isn't a problem.