591–600 of 767 posts
I believe he was sincere, but found out quickly that a lot of people had strong feelings about his plans for the platform. It's possible he was in danger of losing people he really needs for his other businesses. I don't blame him for bailing out on a lose/lose situation.
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Are you under the impression that judges presiding over civil cases cannot exercise their inherent power (in some jurisdictions) to jail those in (severe) contempt of court?
To both replies, I agree contempt of court is a thing. I misspoke. What I mean is, the remedy for non-compliance with contracts, is fiscal, seizure, penalties of thus nature. The goal of civil court is not the state punishing, but instead, laying out compensation, for damages, to the harmed. There is no contempt of court for not paying these damages.
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From https://www.statista.com/statistics/970920/monetizable-daily... that figure of 1.9M is rather less than 2% of their MDAU figure, and less than the MDAU growth in almost any quarter. So more of a correction than a revolution.
2% of a key revenue figure for a company with a $28B market cap is one hell of a correction. I don't think Levine actually believes Twitter has a snowball's chance in hell of getting specific performance. Can you point to a section in this opinion piece where he states no financial interest in this drama? I think that is conspicuous by its absence.
And even if so, I don't think 2% of a user count is a "material adverse change" by the merger agreement.
This is a second time Musk has offered to buy a public company in bad faith. His reputation as a sufficiently reliable counterparty is gone.
- Tesla plants challenges worldwide (From China to Berlin via Texas)
- Cybertruck ever postponing release date?
- SolarCity and the dissmissed promises
- Neuralink: Simply read the Wikipedia's entry [1]
- Hyperloop (or is it hyperflop)
- Boring company (more and more video demos) nothing is done...
Recently USA has a president that was following his impoolsive, late night tweets, by pushing his staff to form them as a new policy...
I'd like to learn how to read billionaires' minds. Anyone know a good book I can read so that I can have the skills of this opinion writer?
By imaginging them as different, you are giving them great power and throwing away your own. You are as smart as they are.
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 see in Elon a trait I also have, which is to pick up random things, get interested in them for a while, and start to do things, and then realize you're not interested in it at all and drop it. I'm thinking of tunnels, neuralink, AI, taking Tesla private, child saving cave submarine, things like that. I can easily imagine he thought one day that he wanted to get into social media, went full steam ahead, and then rea…
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
Let's stop glorifying the personality - when has that ever worked out well? The US will get along fine without Musk (maybe better without this cult of personality).
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There's a certain irony in picking this high horse to ride, when we're taking about the response to a western european ground-war in the year 2022. As if that's not evidence of far more barbaric mechanisms at play in geopolitics...
Has stealing random stuff from Russians helped? I'm not a maritime lawyer or an expert on how war in the 2020s looks, but I don't think Russia was sailing troops into the Ukraine on billionaire pleasure yachts. There is a pretty good chance this is just making people feel bad and making it harder to normalise the situation. This is action is literally not helping, and is a breach of good norms against stealing. It me…
Any Russian billionaires that don't realize that this is more of Putin's incompetence than western antagonism deserve a random punitive gesture.
In reality the majority of them will see this as a great reason to bear a grudge against Putin.
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> It's a very, very annoying/distracting cover, not to mention an expensive one. It is hard to say how expensive it actually is… if he had sold overpriced Tesla stock without cover, could that lose be much more than - one billion termination fee?
How much has he lost in his stake of Twitter as its share price decreases? Why would he use Twitter as cover when he could use much better alternatives? Why would he waive normal due diligence that is customary if it was a fancy plan to exit Twitter from the beginning?