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Elon’s Out

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Re: Elon’s Out

#191

Post by Barrin92 »

russdill wrote: post #68
theptip wrote: post #29

There's been a lot of speculating around here on exactly what it would take for Musk to get out of this deal; here's the TLDR of the analysis from Levine: > Musk cannot get out of the deal just because one of Twitter’s representations is false. He still has to close the deal unless the representation is false and it would have a “material adverse effect” on Twitter. This is a famously under-defined term but it genera…

Do public statements before he signed the deal that imply that he was aware that Twitter has a bot problem and already suspected that the number we much higher than reported by Twitter have any effect?

wasn't that literally the reason he claimed he wanted to buy it for in the first place? I remember him going on about verifying every human on twitter and improving our discourse

the thing he's pretending to ditch the deal for was the thing he allegedly wanted to fix

Re: Elon’s Out

#192

Post by scoopertrooper »

georgeburdell wrote: post #132

Musk holds a key piece of America’s future in space in SpaceX. I wonder if it’s only a matter of time before he starts dangling that to get what he wants in cases like this. I still am generally favorable toward Elon, but I think we’re seeing him transform into a villain

> I wonder if it’s only a matter of time before he starts dangling that to get what he wants in cases like this.

https://en.wikipedia.org/wiki/Defense_Production_Act_of_1950

Re: Elon’s Out

#193

Post by csours »

anonu wrote: post #48

Twitter feeds are pretty public, albeit expensive to buy the firehose. Nonetheless, shouldn't a handful of motivated hackers be able to answer the bot question??

The way I see it, the bot question isn't about "bots on Twitter", it's about "bots, spam, and insincere people on Twitter that annoy Elon Musk". That is, Elon does not enjoy the flood of spam that he has to interact with. His experience as a user of Twitter is poor.

Re: Elon’s Out

#194

Post by IX-103 »

edgyquant wrote: post #157
Nevermark wrote: post #109

Earlier quoted context omitted.

It would mitigate the problem if institutions could be strengthened by design to be less sensitive to corruption or special treatment. There are lots of successful examples - constitutions, voting, term limits, separate judiciary, non-political commuters, etc The big problem I see in the design of egalitarian systems, is explicitly addressing the need for continuous response to new forms of centralization. I don’t kn…

>A simple requirement that no coordinated individual or organization have sway over more than 25% of political seats, and political organizations at the federal and state levels must be separated, would do wonders for decentralization and better representation. and would be undemocratic

How is that? Popular parties would split to express a wider array of views.

Of course first-past the post voting systems won't work here, but that doesn't make it undemocratic.

Re: Elon’s Out

#195

Post by wronglyprepaid »

alphabetting wrote: post #4

I found this part most interesting. Public awareness of the Delaware Court of Chancery is about to skyrocket during this court battle. The fact that Musk is working in such bad faith here — that he seems so unconcerned with law and the contract he signed — cuts both ways. On the one hand, it will certainly annoy a Delaware chancellor; Delaware likes to think of itself as a stable place for corporate deals, with predi…

> The guy is pretty contemptuous of legal authority; he thinks he is above the law and he might be right

Of all the funny things I have read this week this takes the cake, Biden will not allow him to get away with it, not a joke.

Re: Elon’s Out

#196

Post by HWR_14 »

JaimeThompson wrote: post #78
edgyquant wrote: post #57

Earlier quoted context omitted.

Literally there’s not even a hint that Musk is above the law yet you’re calling it a cyberpunk future

Smoking weed makes you lose your security clearance, Musk did it on camera and still has his because of "reasons". That is one example of the rules that apply to most others not applying to him.

> still has his [security clearance] because of "reasons".

Does he? I don't remember any resolution to that, but I thought they "temporarily" suspended it pending an investigation and then never completed the investigation.

Re: Elon’s Out

#197

Post by dreamcompiler »

t_mann wrote: post #74

Can we also take a moment to appreciate the tongue-in-cheek writing style of this (fairly thorough, by my impression) analysis of rather dry things like SEC filings, merger covenants,...?

This is why Levine's is one of a very few newsletters I subscribe to, and I read it immediately when it arrives. He's both entertaining and educational. I know a great deal more about finance now than I did a year ago, and that's because of Matt Levine.

Re: Elon’s Out

#198

Post by victor106 »

Elon’s going to get away with this. Even though he shouldn’t.

The rich play by different rules and the law lets them.

If the rest of us did the same we would have to pay ridiculous fines and/or spent time behind bars.

Re: Elon’s Out

#200

Post by RF_Savage »

roca wrote: post #166
georgeburdell wrote: post #132

Musk holds a key piece of America’s future in space in SpaceX. I wonder if it’s only a matter of time before he starts dangling that to get what he wants in cases like this. I still am generally favorable toward Elon, but I think we’re seeing him transform into a villain

The "cave diver paedophile" incident made it abundantly clear to everyone willing to see that whatever else he may be, Musk is a malicious clown. It was always only a matter of time before that had greater consequences.

Exactly this. The mask slipped for a moment.
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