651–660 of 767 posts
Will any of these people eat crow if the deal closes at a lower price? Probably as much every other time they’ve said Musk was done with Twitter and then escalated towards owning it.
Earlier quoted context omitted.
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.
> There is no contempt of court for not paying these damages. Then how does the civil court function? If nobody follows the courts order, the court is redundantly illegitimate.
No one is going to assault a cop, or have their bank shut down due to non compliance.
Where I am, what often happens is the damaged party has papers showing debt owed. It then becomes a colllection issue, sometimes, in some jurisdictions court takes an active role, in others, you have to do the work yourself.
Eg, you have to find their bank, hire a sheriff(the seizure kind), and go get what is now "your stuff".
This article says Musk agreed to buy Twitter mostly as a joke. I think there's a far better explanation. This wasn't a joke for Musk because after agreeing to buy Twitter he proceeded to sell billions of dollars' worth of TSLA stock, supposedly to finance the purchase. Even for the richest man in the world that's not a joke. I think a better explanation is that Musk offered to buy Twitter as a cover for selling billi…
Too much conspiracy theory. I think simply that Musk do not see the imminent market crash. Now he is going in tribunal to negotiate a lower price. The think will end with Musk owning Twitter in a way or another.
Everyone seems to want to attribute it to some projected character fault in Musk, a chance to elevate their morality or intelligence higher than a famous rich guy.
Musks offer was strategically made before yearly earnings, when everyone posted bad earnings the market tanked.
Am I the only one who initially read the title as Elon came out of the closet?
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.
The NY Times had an article recently about how all burnt Wall Street financiers, in places like Goldman Sachs, say they will finance Musk again.
It's like American capitalism has a big vulnerability and Musk is hacking it.
Capitalism always needs to be properly regulated to work properly, but it quickly cracks when some people work hard to hack it and cause problems.
As always, don't hate the criminals, just hate the game.
Earlier quoted context omitted.
That might actually hurt Musk's argument, because Google is incredibly lucrative despite the belief that ad clicks are overwhelmingly fake. The rule of thumb Levine (an attorney) gave a few posts ago for MAE's in Delaware courts is "sufficient to cause a 40% drop in profitability". Not stock price, not mDAU numbers, but income statements.
> That might actually hurt Musk's argument, because Google is incredibly lucrative despite the belief that ad clicks are overwhelmingly fake. They're still charging advertisers for those clicks.
This article says Musk agreed to buy Twitter mostly as a joke. I think there's a far better explanation. This wasn't a joke for Musk because after agreeing to buy Twitter he proceeded to sell billions of dollars' worth of TSLA stock, supposedly to finance the purchase. Even for the richest man in the world that's not a joke. I think a better explanation is that Musk offered to buy Twitter as a cover for selling billi…
Too much conspiracy theory. I think simply that Musk do not see the imminent market crash. Now he is going in tribunal to negotiate a lower price. The think will end with Musk owning Twitter in a way or another.
Earlier quoted context omitted.
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.
Everyone has said something they don't mean out of spite. Politicians and billionaires are held to a higher standard by their fans/haters, but I really think they shouldn't be.
This article says Musk agreed to buy Twitter mostly as a joke. I think there's a far better explanation. This wasn't a joke for Musk because after agreeing to buy Twitter he proceeded to sell billions of dollars' worth of TSLA stock, supposedly to finance the purchase. Even for the richest man in the world that's not a joke. I think a better explanation is that Musk offered to buy Twitter as a cover for selling billi…
This is alluded to at the end of the article: > Is it fun for him? If he manages to walk away having spent only millions in financing fees, millions in legal fees and say $1 billion in termination fees, was it worth it? What did he get out of this? The guy really seems to like being on Twitter, and he did make himself the main character in Twitter's drama for months on end. That’s nice for him I guess. Also he made t…