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Notice of termination of Twitter merger agreement

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Re: Notice of termination of Twitter merger agreement

#981
post #876

Earlier quoted context omitted.

I actually have experience with this type of stuff, some business tried to acquire mine and kept postponing, and ended up with some excuse that there wasn’t enough technical design documentation, which would be a real-breaker. It wasn’t super big money, but also not small (high 6-figures). I ended up suing them, won on all counts, and the deal had to go through. Unfortunately, this company simply refused to do that e…

Sounds like a very unpleasant experience, sorry to hear. But I'm not sure it's a good precedent for this case, for two reasons: a) You were happy to settle, which sounds understandable. But when the stakes are $44bn and most actors on Twitter's side are but agents for Twitter shareholders, their chief concern will be not breaking their fiduciary duties if they accept anything less than the maximum amount they could g…

> In your case the other party might have gotten away with dodging a court order to pay (or at least made it appear like that). That's pretty much unfathomable if you are literally the richest man on earth and live in the US.

It is other way around. It is way easier for rich person to get away from dodging courts then poor one. Just the fact that rich person can pay fights and layers longer, and fact that rich has it easier to retaliate so everyone is more careful not to step on their toes or do mistake.

Re: Notice of termination of Twitter merger agreement

#982
post #801

Earlier quoted context omitted.

Why would you force someone to buy something they don't want, whatever the reason is ? If they decided not to proceed to the deal it means it was a bad deal from their perspective or that it would put them in a worse situation. Essentially you are taking advantage of them by forcing them. It's like if you sell a very expensive "brown ice cream", the buyer tells you he wants to buy it, and then when the buyer has it i…

From the seller’s perspective? Because they own a thing which is worth less to them than the buyer promised for it. Therefore they can profit greatly from the deal. This is not the story of some happless kid swindled by a brown ice cream vendor. This is a sophisticated business person who has, prior to signing a legally enforceable contract to buy the brown icecream as-is, talked publicly about how the ice cream is j…

No post body was provided.

Re: Notice of termination of Twitter merger agreement

#983

The filed letter ( https://www.sec.gov/Archives/edgar/data/1418091/000110465922... ) isn't the knockdown argument I would be expecting. Musk is saying, you haven't demonstrated your numbers are accurate. But having signed the merger agreement and waived due diligence, I think he needs to demonstrate that they are _not_ accurate. Complaining Twitter rate-limited his API access (which would be very foolish on their par…

Right- he waived diligence. Twitter has no obligation to prove anything to him. Twitter is obligated to give him documents if they are reasonable to request and helpful for him in financial planning. If the documents Twitter has on hand are flawed or not comprehensive, that doesn't give a pretext to leave the deal. I am sure his lawyers know this and it will all be negotiated.

How can any judgement in Twitter’s favor be enforced?

Mail a bill for $1B or more and somehow collect the debt?

Maybe the bank could choose to execute the purchase agreement but why would they since they (ironically) can’t force him physically show up and run Twitter.

I doubt SEC has any measures they can take through Tesla which would be weird.

He didn’t agree to “specific performance” expecting that to matter to him.

Re: Notice of termination of Twitter merger agreement

#984
post #445

I wonder if similar to dogecoin, bitcoin, and hyper loop before it, if this was just marketing

Trolling can be fun and funny, but when he does it, his fanboi army hears it as gospel and local and national news outlets run with that tabloid garbage.

Re: Notice of termination of Twitter merger agreement

#985

Earlier quoted context omitted.

> I have enormous respect for his engineering He has never demonstrated engineering skills. He has always been a business manager. But with all of the business comedy he has performed this year, I am beginning to doubt his business skills too. Perhaps it's the VPs under him who managed the business well, while Elon remained the PR front person and primary investor. Much like SpaceX.

Elon Musk is literally the Chief Engineer at SpaceX. His technical proficiency is validated by other senior engineers who work there, as well as senior engineers at NASA. There are also countless hours of unedited footage of him demonstrating his deep technical understanding of rocket engineering. https://www.reddit.com/r/SpaceXLounge/comments/k1e0ta/eviden... https://www.youtube.com/watch?v=hIPLmZK3C1Y

You seem to think he doesn't know the facts, but I suspect that he does. He just doesn't care about facts or truth. He is the sort of person who likes to win debates and get hits on people he dislikes. So trying to correct him on these points is a waste of your time. I say this from experience with him.

I've tried talking to him before. I shared about something I find so very fascinating - that approximation via abstraction is provably better than perfection in many learning situations because of its relationship with computational complexity. He asked for proof; I provided it. I won't repeat the proof here, but know that this isn't an obscure and unknown result - here is Peter Norvig in Artificial Intelligence: A Modern Approach discussing related ideas:

> Page 172. "One way to deal with this huge number is with abstraction: i.e. by treating similar hands as identical. For example, it is very important which aces and kings are in a hand, but whether hand has a 4 or a 5 is not as important, and can be abstracted away." > Page 173. "Because calculating optimal decisions in complex games is intractable, all algorithms must make some assumptions and approximations."

I earnestly engaged with random314 on this topic. He ultimately concluded that he had won the argument, taught me something, and condescended that I ought to have known better than to have talked with him. Along the way he compared me with people he found foolish, claimed I was incoherent in order to avoid addressing my points, gaslit with regard to the thread topic, accused me of jargon, and even made the absurdist point that when I said that not all numbers were computable that because some numbers were computable it followed that I didn't understand what computable numbers are.

One might suspect that he merely misunderstood the point I was making. The thing is - I have strong reason to reject the notion that he did not understand. Initially, I think he didn't. He entered into the conversation under the presumption of my idiocy because my point was counterintuitive - it tricked him into thinking I was wrong. How he handled himself afterward showed me that he knew I wasn't. When I thought deeply about his choice to make the absurdist argument with regard to computable numbers it occurred to me to be the sort of thing one would only choose to do if they understood that not all numbers were computable - understood the thrust of the proof - and wanted to deny it rather than to accept the obvious truth. It was an attempt at sophistry. By making my point with regard to not all numbers being computable seem in error, he hoped to obscure that I was correct.

Simon, I strongly suspect that the reason he doesn't seem to know pertinent facts is not because he doesn't know those facts, but rather because he finds them inconvenient and because the rhetorical appeal of fanboyism is better setup by being wrong, but in a popular way.

Re: Notice of termination of Twitter merger agreement

#986

The best thing that could come out of this would be Twitter forcing Elon to make the purchase, then Elon closing the company down out of spite. In that case, everybody I don't like loses, which is pretty close to me winning, I think.

He could hide all existing tweets but have one last tweet: I won.

Even better: He could retweet that using all the bot accounts that "don't exist".

Re: Notice of termination of Twitter merger agreement

#987

Earlier quoted context omitted.

Elon Musk is literally the Chief Engineer at SpaceX. His technical proficiency is validated by other senior engineers who work there, as well as senior engineers at NASA. There are also countless hours of unedited footage of him demonstrating his deep technical understanding of rocket engineering. https://www.reddit.com/r/SpaceXLounge/comments/k1e0ta/eviden... https://www.youtube.com/watch?v=hIPLmZK3C1Y

You seem to think he doesn't know the facts, but I suspect that he does. He just doesn't care about facts or truth. He is the sort of person who likes to win debates and get hits on people he dislikes. So trying to correct him on these points is a waste of your time. I say this from experience with him. I've tried talking to him before. I shared about something I find so very fascinating - that approximation via abst…

My response wasn't provided with the aim of changing the mind of the individual who wrote the parent comment, nor was it to challenge them to an ad-hoc debate. I responded because I thought it would be of interest to the many passive readers of the discussion.

Re: Notice of termination of Twitter merger agreement

#988

Elon waived his right to due diligence when he first made the offer to buy Twitter, so backing out of the deal by arguing a lack of due diligence is very funny.

They’re not claiming a lack of sue diligence, they’re claiming fraud. Which is different. They’re saying they’re lying about the numbers. Which would be fraud.

Of which they have 0 proof of. In fact, Twitter gave them the access they asked for last month.

Re: Notice of termination of Twitter merger agreement

#989

I really don't understand why you all think Elon is going to pay anythying. The 6.4 provision is pretty standard, and often the reason for deal to fall through, in that enough of the requested information was not provided. You really don't know what was asked, what was ignored, and what garbage data was sent back. You think Twitter is all innocent? Pfffftt. Don't be evil, oops, i mean naive. He doesn't have to prove…

Are you a lawyer? Because 5days ago, you wrote "I am a developer..." If you are not, where does the "all he has to show...." part come from? Do you have a source?

LOL. The hate for Elon is strong in this one.

You don't have to be a lawyer to have legal experience mate.

I'm sorry my opinion bothered your grandness.

ROFLMAO.

Re: Notice of termination of Twitter merger agreement

#990
post #898

Earlier quoted context omitted.

That's an interesting story, but irrelevant to this. Twitter claims that That there are a lot of bots on Twitter is well known, and clearly true. That Twitter happily leaves most of them alone to do their own thing as long as they don't abuse the service is also well known, and quite sensible. The question is whether Twitter is good about flagging them as bots . You could have a million bots following you, but as lon…

I’m reasonably sure that these fake user bots that were created for the “buy followers” industry aren’t picked up as bots by Twitter. There’s no reason to allow such users.

If these users are not causing any trouble, getting rid of them seems low value -- and any attempt to clear out a large set of boots will almost certainly got a bunch of non-bot users (unless they could actually get the exact set used by these user sellers)
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