Notice of termination of Twitter merger agreement • Hacker News Board

Re: Notice of termination of Twitter merger agreement

#231

Post by whynotkeithberg » Fri, Jul 08, 2022, 10:18 PM UTC

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…

'eccentric in his approach'

by that you mean straight up lying, attempting fraud etc...

Re: Notice of termination of Twitter merger agreement

#232

Post by [deleted] » Fri, Jul 08, 2022, 10:19 PM UTC

paxys wrote: post #39

This was obvious from the moment he brought up the fake accounts problem. The stock market (especially tech) tanked, other investors started having cold feet, and he realized his purchase was a mistake. It is bizarre though that Twitter leadership/board continued to engage with him on the matter – even handing him internal data to analyze – expecting a good faith resolution. Nothing Musk has done in the last few mont…

[deleted]

Re: Notice of termination of Twitter merger agreement

#233

Post by riffic » Fri, Jul 08, 2022, 10:20 PM UTC

Federated social networking based on W3C ActivityPub or a successor protocol will eclipse Twitter on a slow, but finite timeframe.

Twitter could even build a business model around that - They can manage hosting and the sales of Twitter services as a SaaS on your own domain name like Office 365, Google Workspace.

Or someone could snatch this market right now with their own first-mover advantage (I can see Mastodon gGmbH positioned to do so). I'd do it myself if I had the time and energy.

Re: Notice of termination of Twitter merger agreement

#234

Post by daemoens » Fri, Jul 08, 2022, 10:20 PM UTC

gsibble wrote: post #183

Could you commenters please make up your minds over whether you want the deal to go through or not? You all seem to hate that Musk would make Twitter more conservative so you don't want the deal to go through, but also make fun of him and torment him for pulling out as if you do want the deal to go through. You can't have it both ways. Either you want the deal consummated or you don't. Stop being such hypocrites.

They still don't want him to do it, it's just funny that he's being forced into doing it now. It's not hypocritical to laugh at him for that.

Re: Notice of termination of Twitter merger agreement

#235

Post by naveen99 » Fri, Jul 08, 2022, 10:20 PM UTC

So is there a court that can enforce the merger agreement ? What’s the worst Delaware can do ?

Re: Notice of termination of Twitter merger agreement

#236

Post by gsibble » Fri, Jul 08, 2022, 10:20 PM UTC

bediger4000 wrote: post #178

I guess we'll never see how a free speech Twitter works. I think this is sad.

You're being downvoted. Another sad day on HN when free speech is downvoted.

Re: Notice of termination of Twitter merger agreement

#237

Post by [deleted] » Fri, Jul 08, 2022, 10:20 PM UTC

jiggyjace wrote: post #108

paxys wrote: post #39

This was obvious from the moment he brought up the fake accounts problem. The stock market (especially tech) tanked, other investors started having cold feet, and he realized his purchase was a mistake. It is bizarre though that Twitter leadership/board continued to engage with him on the matter – even handing him internal data to analyze – expecting a good faith resolution. Nothing Musk has done in the last few mont…

Have you read the termination letter? The letter was sent by Elon's lawyers working with Twitter's lawyers according to the merger terms they had all agreed to. Why shouldn't they have expected a "good faith resolution"? A termination can still be made in M&A under good faith.

[deleted]

Re: Notice of termination of Twitter merger agreement

#238

Post by legitster » Fri, Jul 08, 2022, 10:20 PM UTC

throwaway5959 wrote: post #56

legitster wrote: post #19

Earlier quoted context omitted.

It's not like Twitter doesn't also have money and lawyers.

Twitter isn’t the one breaking the agreement for no reason. I read the letter, it’s full of nonsense.

But he hasn't circumnavigated anything. Twitter has full rights and ability to go after him.

Re: Notice of termination of Twitter merger agreement

#239

Post by TillE » Fri, Jul 08, 2022, 10:20 PM UTC

fffox wrote: post #171

Most people seem to be giving him the benefit of the doubt that he has cold feet. Personally, I think this was sabotage, he had no intention of buying Twitter in the first place and this was just a ploy to fuck with Twitter.

Doesn't really add up, because he's going to be forced to go through with the deal anyway. I haven't heard a single lawyer with relevant expertise suggest otherwise.

Since that's where we're going to end up, it would be much simpler for him to just cleanly buy Twitter, for whatever purpose he intends.

Re: Notice of termination of Twitter merger agreement

#240

Post by Banana699 » Fri, Jul 08, 2022, 10:21 PM UTC

petilon wrote: post #53

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…

>spreading lies and hate

It's very funny how those things came to be known as code words for the *true* offenses, which we all know very well.

What a waste of perfectly good words that used to have meaning.