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Elon’s Out

bloomberg.com

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Re: Elon’s Out

#41

Post by refurb »

TillE wrote: post #34
refurb wrote: post #28

Earlier quoted context omitted.

Pretty much. It’s like selling a house and buyer makes an offer with no contingencies. Sure, you can sue them to close the deal but the juice isn’t worth the squeeze. Does Twitter want to be locked into some multi-year court battle? They’ll settle and the news will move onto something else.

It's not like there's another buyer out there offering $44 billion. Twitter has no reason to settle, unless maybe the stock price goes way up.

It’s like a divorce. You can either reach a settlement or spend a ton of money fighting for years.

You imagine how distracting it would be for Twitter to have this in their quarterly updates? They certainly aren’t selling the company until it’s resolved.

My prediction - lots of public tough talk, then a quiet resolution.

Re: Elon’s Out

#44

Post by arcanus »

moomin wrote: post #27
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…

This is one of those things that could genuinely cause problem for the entire US (corporate) legal system. There’s a genuine danger that the result of this case will be “some people are too powerful to be regulated by the US system, and this is now obvious”.

This is a cyberpunk future.

I'm overall a fan of Musk, but this is too far. There simply must be rule of law for the United States to remain a dynamic society.

Re: Elon’s Out

#45

Post by anonu »

hartator wrote: post #38

> that it has knowingly been massively understating the number of bot accounts in order to trick companies into buying Twitter ads and shareholders into buying Twitter stock Wasn’t Google Ads 80% fake clicks on some studies? It won’t be surprising Twitter Ads is actually worse. There is so zero incentive to clean it up and so many shady reasons to do it.

Fake clicks and bot accounts are two distinct things in my opinion. Bot accounts are bad, fake clicks are much much worse.

Re: Elon’s Out

#46

Post by mupuff1234 »

refurb wrote: post #28
xiphias2 wrote: post #11

I don’t understand why we need to make things personal: a multibillionaire with practically unlimited resources is negotiating with a multibillion dollar corporation with practically unlimited resources. It’s clear that the offer Elon got stuck with has an unrealistic price at this point (and Elon just want a reason to get out of the deal), just like it’s clear that Twitter’s management is incompetent in the last few…

Pretty much. It’s like selling a house and buyer makes an offer with no contingencies. Sure, you can sue them to close the deal but the juice isn’t worth the squeeze. Does Twitter want to be locked into some multi-year court battle? They’ll settle and the news will move onto something else.

Suing to close the deal can be a way to get leverage for the eventual settlement.

Re: Elon’s Out

#47

Post by paulgb »

rabite wrote: post #16

Quoted post unavailable.

> but all he needs to have defense standing might be a single one of the millions of accounts Twitter has claimed is an active monetizable user to be shown to be a bot

There’s some good discussion in the article (whose author has a law degree) about why that’s not the case.

Re: Elon’s Out

#48

Post by anonu »

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??

Re: Elon’s Out

#49

Post by lkxijlewlf »

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…

Maybe this is a good reason a single human being shouldn't be so fucking rich.

If enough money makes you untouchable by the law, then our system is simply broken.

Re: Elon’s Out

#50

Post by hotpotamus »

nabla9 wrote: post #26
aaaaaaaaata wrote: post #8

Earlier quoted context omitted.

His money will keep on talking tomorrow, unfortunately.

His dollar is worth 70 cent after this. It's likely that this will be the most expensive manic episode any individual has suffered.

He’s got enough dollars that even if his dollars were worth a penny he’d have a lot more than almost anyone else.
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