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Comments (134)
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143
Scuffers 143 points ago +143 / -0

Whichever way you look at this, Musk has them...

makes me laugh all his critics, they think he's stupid or something... FFS the man's a fucking genius!

100
Captain_MAGA 100 points ago +100 / -0

"He's not a genius, hes an idiot!"

  • Says person sitting on a couch eating doritos and looking up how to get out of 100K in debts.
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deleted 30 points ago +31 / -1
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unspecified_user 5 points ago +5 / -0

no refunds

2
Multiple_Muppets 2 points ago +2 / -0

Jack.... (eats ice cream wearing aviators)

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unspecified_user 1 point ago +1 / -0

I would actually love seeing biden nonchalantly tell some histrionic leftist crying hysterically and telling him at a town hall that this is not what he voted for "No refunds, Jack" while eating ice cream and wearing the glasses. biden is a complete piece of shit, but I dislike the lefftists who support him even more than I hate him.

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deleted 23 points ago +40 / -17
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Liberty123 21 points ago +22 / -1

Nah, you are all wrong. Elon will renegotiate the deal behind closed doors and they will announce a new and much lower purchase price. Its that or he blows the whistle and they can't take that

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DonaldTrumpSwag 10 points ago +10 / -0

100% the move

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deleted 6 points ago +8 / -2
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Liberty123 6 points ago +6 / -0

Musk will keep quiet about the fraud and he buys for 34B instead of 44B

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wantstogomoon 8 points ago +8 / -0

34? try 15bn, 1/4 of the price for only 1/4 real people!

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PeterO 3 points ago +3 / -0

Maybe zuckerberg will donate the difference to prevent facebook from being scrutinized the same way

1
deleted 1 point ago +1 / -0
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denkendermann 5 points ago +5 / -0

no, you're wrong...the play all along was to expose and destroy, not to buy, twitter...

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deleted 4 points ago +4 / -0
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CuomoisaMassMurderer 2 points ago +2 / -0

I like this idea. I make no predictions.

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rootGoose 4 points ago +4 / -0

How many points of business acumen must one possess to not be a ‘fake’ businessman?

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deleted 6 points ago +7 / -1
1
DJTrump 1 point ago +1 / -0

It's actually beyond stupid. Trump, Elon, these are guys even the world's best businessmen look up to. Saying they are "fake" whatever is like saying Albert Einstein and Sir Isaac Newton actually weren't all that smart at all.

1
redpillfreeyourmind 1 point ago +1 / -0

You have the wrong mindset for these people. A businessman is not someone who creates and grows a business. A businessman is someone who has a 4 year degree in business, could not build one from the ground up , but comes in, plays with spreadsheets and typically by not being to adventurous, keeps the business running in an established market. If they do have an idea that is at all ambitious it is usually wrong.

This is why there are always disruptiors changing things. Big business can't respond fast, and can't take advantage of real change because they would have to give up a current cash cow that will bring them billions in the next 5 years to replace it with with something new now that will make more money in the long run. Tell that to the MBA in charge of big money division that is about to be shelved.

Those are the only "smart businessmen" these people recognize. Maintainers, not creators.

1
RPD2 1 point ago +1 / -0

Are people downvoting you because they read your first two sentences without looking at third?

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deleted 1 point ago +1 / -0
1
Anachronox 1 point ago +1 / -0

I don't hate Elon, but he is no saint. If you have any interest in the man I would suggest researching the true story of how he bought Tesla, the Solar City scandal, his Hyperloop notes, and his role in Paypal. He's earned his success, but he's also been damned lucky. And his parents didn't own an emerald mine, but they did hook him up with angel investors so he could get zip2 rolling. Sold Z2 in the dotcom bubble. Used that money to buy into the Paypal mafia. Would be an interesting story to hear in full detail. Hope he writes an autobiography at some point.

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deleted 2 points ago +2 / -0
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MapleBaconWaffles 1 point ago +1 / -0

who basically made Pay Pal...

My understanding is with PayPal he was part owner of the smaller of two payment processors who merged to form PayPal. He was the largest shareholder, and was CEO for a few months, but the board had him removed because they felt he was incompetent.

Obviously he's a great businessman and very intelligent, but I think he also profits of his own mythos.

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deleted 1 point ago +1 / -0
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redpillfreeyourmind 1 point ago +1 / -0

Proof is in the pudding. I am still waiting for the average MBA to create something of value from scratch.

1
MapleBaconWaffles 1 point ago +1 / -0

Let me preface all this by saying Elon is definitely far above your average business man.

I'm not sure what Elon did start from scratch. Part of what I mean by his mythos is that he markets himself as a founder of a lot of his companies when he actually wasn't. Tesla was only about 6 months old when he bought in, but it was already a running company with plans to build electric cars.

The other is the idea that he's a great engineer. He's really overoptimistic about what he can actually accomplish, but I'm glad he's at least experimenting.

I think is over-optimism is part of what made Tesla so successful. The original cars were supposed to become self-driving within a few years, once they got that sorted out. It turned out to be much more difficult than they anticipated, and they still don't have fully autonomous cars now.

Also, I'm not sure if any of his ventures other than Tesla are actually making money. I think SpaceX probably would be, if not for all the experimentation they're doing for Starship. Most businesses do fail, so there's no shame in starting a lot of different ventures and having a lot of them fail, but a lot of people seem to have the idea that Elon has the Midas touch, and that doesn't seem to be the case.

Even Tesla, which forms the vast majority of Elon's net worth, is wildly overvalued. I see it's value has gone down a bit since it's peak, but apparently last year when it was valued at over a trillion dollars, it's valuation was higher than all the major automakers combined, yet most of them individually sell far more vehicles than Tesla.

I think a lot of Tesla's valuation is based on Elon's "cool factor", and the idea that he's some sort of tech-genius visionary. I think he loves technology and has big dreams, but I think people over-hype how much technical/scientific understanding he actually has.

Anyhow, I do like Elon. I like that he's pushing boundaries, and that he actually does have dreams of a better future. He is a great business man. But I do think there's a hype around Elon like he's some sort of tech god, that we didn't see with previous world's richest men in the tech sector.

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redpillfreeyourmind 1 point ago +1 / -0

Yes, Trump, Musk and Jobs all have reality distortion fields around them.

Go back to the 1980s and look at what Steve Jobs said what the future would be like and what Bill Gates thought it would be like. We live in a world that is much closer to Steve Jobs vision.

Now the question is how much did Jobs predict the future and how much was the future bent to his will?

Yes a lot to admire in these men, they are self promoters who tend to bend the facts around how they got there. Ultimately they all benefited mankind and created more than an MBA can.

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Ironlabel1 2 points ago +2 / -0

It just says vote blue

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Ghostof_PatrickHenry 11 points ago +11 / -0

Couldn't have happened to a more deserving group of assholes.

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BloodDe 6 points ago +6 / -0

I hope he takes every penny that lying Twitter lawyer made in some form

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unspecified_user 4 points ago +4 / -0

That will be hilarious, their obstinance that they are relevant will destroy their stock price, and he'll come back with, "yeah, that $44 billion offer just became a $4 billion offer."

2
EvilGuy 2 points ago +2 / -0

Yeah he put them in an unwinnable situation just by having the gall to offer to buy them at a premium.

Refuse it, they look like they are doing a bad job for their shareholders, get sued, everything ends up going into discovery and coming out about what a shit show Twitter is.

They go okay lets avoid that, say we will sell, Elon Musk now starts asking hard questions and demanding access to data or will back out.

BEST case scenario for them right now is selling at a discount to Musk if he signs some kind of NDA about the whole thing.

Their other alternative is trying to explain why he backed out over a deal he wanted enough to pay a premium for. Shareholders will get mad, stock price will tank, lawsuits will be started.. etc

Either way the Twitter of yester years is gone, even if most people do not realize it.

Makes me laugh thinking back to when he bought that big chunk and the CEO was like, Don't worry, we are going to keep doing whatever we like, we don't care what he thinks..

hahaha

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chuckachookah 67 points ago +68 / -1

^ This is true.

And, this is has been the truth.

Musk knows this. Like him or not, I'm sure he gamed this out with his team.

It was checkmate before he made the offer.

And, that's what it is like with paper-champion types. They get called out in real life and they fold. They have no good options.

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BadManOrange 24 points ago +24 / -0

I'm sure others may have had a similar idea that it could unfold this way, very few would be willing to execute on it. Need to have the cash and also desire or at least be indifferent to owning the company at the end.

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chuckachookah 17 points ago +17 / -0

Yeah, well he does have serious Fuck You money.

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LibertyPrimeWasRight 24 points ago +24 / -0

He has “fuck your whole company” money, it turns out.

3
DonaldTrumpSwag 3 points ago +3 / -0

this lolol

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2016TrumpMAGA 14 points ago +14 / -0

This is the most important advice I can give anyone about deal making:

The side that is willing to walk away will always have the advantage, and will always get the better of the deal.

1
DJTrump 1 point ago +1 / -0

I've known people like this. If you are too willing to walk away, you can end up the person who has nothing because of walking away from everything. Risks need to be taken.

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EdisonHwy 7 points ago +7 / -0

Bingo

50
SweetBeef 50 points ago +50 / -0

A couple hours ago the current CEO of twitter posted a 13 tweet long long thread on spam detection.

Musk replied with a poop emoji 💩

https://nitter.net/elonmusk/status/1526246899606601730

https://twitter.com/elonmusk/status/1526246899606601730

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LibertyPrimeWasRight 24 points ago +24 / -0

Based.

Looks like Musk also got more retweets, quotes, likes, and comments on his poop emoji than poo-in-loo CEO did on his whole thread.

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clownworld30330 6 points ago +6 / -0

Lol. Parag is all like "we're super serial about it being 5% and you can't measure from outside because you'd need data that we can't give you!" and Musk says 💩 meaning "[that's bull] shit"

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FreddyThePatriot 4 points ago +4 / -0

It's weird that my gmail account has like 100% accuracy in putting the spam into the spam folder but twitter seems unable to handle it at all

3
MichiganTrumpTrain 3 points ago +3 / -0

A truly based shitposter indeed!

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Lelleck 1 point ago +1 / -0

Half a million fake accounts daily. 5 percent….? So 10 Million new accounts daily? 3.6 billion new accounts per year?

He also talks about Estimation of 5%, not calculation or experience….

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GenericInsult 36 points ago +36 / -0

If Twitter kills the deal... they would owe Musk a billion dollars for breaking it.

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deleted 3 points ago +5 / -2
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DonaldTrumpSwag 3 points ago +3 / -0

lol, where you think it goes when deals been made tho... To the moon, buy it dawg.

3
ebuy123 3 points ago +3 / -0

musk will make money from it, but its possible he gets twitter to give him a lower price than $54, it may not work out well for individual investors. he may get it for $30 by the time he's done screwing them around.

3
DonaldTrumpSwag 3 points ago +3 / -0

The whole investing world bitches every single day about Musk companies being overvalued, Twitter would be the same. That overvalue is the Musk name at this point imo. Who knows tho! I'ma buy a lil bit see what happens, not betting the house obviously.

1
ebuy123 1 point ago +1 / -0

i actually think you have the right idea. one thing no one is talking about... musk may just by 51% of the company (with his partners who already promised to fund $7 billion of the deal) and keep it a public company. that would mean whoever had that 49% would get all the profit when it does go up in value if he decides to keep i public. i give this about a 50-50 chance and it is worth a shot

1
GenericInsult 1 point ago +1 / -0

Deal isn't signed yet.

1
DJTrump 1 point ago +1 / -0

He probably doesn't care. He's so rich, that's just a nice tax write off for him.

1
GeneticsGuy 1 point ago +1 / -0

All stock is down in the last week. You only lose when you cash out.

1
clownworld30330 1 point ago +1 / -0

How? In Telsa valuation? Meh.

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ExileOnRedditStreet 22 points ago +22 / -0

I'm guessing he's gunning for $35/share. He might even be able to buy it for less if the fake account numbers are over 15%.

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DeadOverRed 26 points ago +26 / -0

Not even - he's going to make them destroy themselves, and get paid $1 billion in the process.

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BigDickEnergy 11 points ago +11 / -0

God I hope so.

2
catsfive 2 points ago +2 / -0

Wait, the deal is Twitter pays THEM?

1
DeadOverRed 1 point ago +1 / -0

It goes both ways, as I understand it (I haven't read the contract): if anyone backs out, they pay the other $1 billion.

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BunnyPicnic 2 points ago +2 / -0

This is the way. Then truth social uses everything Twitter, and bam. Trump back talking to the masses again.

Or not. I have no clue. I just hope there's more riots this summer.

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OMC-RADIO 5 points ago +5 / -0

Florida got that "no brake for losers protesting in the street" law... might be nice place to visit this summer, either way.

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WashingtonIsNext 13 points ago +13 / -0

He said it's probably at least 20% bots. My shock.

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Rudy_DankMemer 9 points ago +9 / -0

He said it's probably at least 20% bots. My shock.

Did he just make bad, worse?

No fucking way Twatter is 80% legit.

2
ripley88 2 points ago +2 / -0

Elon also replied affirming speculations that it could be over 50% based on the engagement of his cocaine in the coke treat, which was actually the second most liked tweet ever.

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thelastlast 18 points ago +21 / -3

-walks up to house of cards

-pushes it over

-STRONGEST PERSON IN WORLD

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DeadOverRed 29 points ago +29 / -0

House of cards, yes, but it took $44 billion to get close enough to push it over.

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Rudy_DankMemer 18 points ago +18 / -0

House of cards, yes, but it took $44 gorillion to get close enough to push it over.

THIS.

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ebuy123 6 points ago +6 / -0

and it took his fame and reputation as a successful businessman. that's why no one else can really figure out how to compete with him.

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clownworld30330 3 points ago +3 / -0

No, it took being able to offer that much. The deal ain't done.

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catsfive 2 points ago +2 / -0

You forgot a step at the top:

  • raises $43 billion
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MythArcana 9 points ago +9 / -0

Or three, burn the building down and put up a bacon plant.

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Crappydatum 9 points ago +9 / -0

Barron's predicts this is all to negotiate a lower price. Instead of $54/share, think $44 or less. If he walks, it's "natural" price might be low 30's

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DeadOverRed 8 points ago +8 / -0

Fucking genius.

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NarrativeControl 6 points ago +6 / -0

Checkmate twitter faggots.

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c_programmer 6 points ago +6 / -0

I think its the other way... The lefties working at Twitter will do anything to tank the deal, and they only way to tank things at this point is to overplay the amount of bots present. They care about profits a lot less than making sure a free speech advocate has control of the platform. My guess is they (middle level employees -- not the board) will let a lot of things come out of the woodwork very soon.

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Totally_Not_FBI 4 points ago +4 / -0

They'll be super fucked if they say the amount of bots are significantly larger than what they have been reporting in their financial statements. I think they are between a rock and a hard place right now.

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PeterO 3 points ago +3 / -0

These are people who are willing to cut off their own penis.

Deliberately tanking the company they work for is a bit less extreme.

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peterstrzoked 2 points ago +2 / -0

These are people who are willing to cut off their own penis.

people who are willing to cut off their own penis.

willing to cut off their own penis.

Q.E.D.

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clownworld30330 3 points ago +3 / -0

If so, those lefties will all be out of a job.

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c_programmer 3 points ago +3 / -0

They're pretty much screwed either way. Look at todays Veritas leaks, you think Musk will let those prissy engineers get off with weeks long "mental health" vacations while on a salary? That guy will fire you for taking a long coffee break. If they preserve Twitters ideological leaning they'll land softly in the valley at some other tech company.

2
DJTrump 2 points ago +2 / -0

or paid off by globohomos for burning the whole thing down. There are banking families out there that have a lot more money than Musk.

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LandscaperJuan 2 points ago +2 / -0

They better learn to code.

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KILLARY4PRISON 1 point ago +1 / -0

Without taking weeks long mental health breaks.

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ckover9000 6 points ago +6 / -0

Won't they have to do both regardless?

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clownworld30330 3 points ago +3 / -0

Yes, but that reality hasn't dawned on them yet.

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Joshua55 5 points ago +5 / -0

Elon has them by their microscopic balls.

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HuntersTalkingPenis 4 points ago +4 / -0

I'm cool with twitter dying if musk don't want it.

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slightly_radicalized 3 points ago +3 / -0

Any outcome that is not control of twitter wrested away from our enemies is a loss for us, I don't care how good it is for Musk.

1
QuickHands 1 point ago +1 / -0

Wrong on so many levels. This has the potential to send Twitter stock cratering, which makes many of the people we hate the most (Hedge Funds, Saudi princes, etc) lose hundreds of millions of dollars or more. They may demand more 'free speech' if nothing else to recover engagement across the political spectrum rather than continuing to be a sinking ship.

It also means Truth Social/DWAC goes up exponentially in value if/when Twitter lashes out after Twitter employees get their pay/benefits slashed (due to cratering stock price), driving them to Twitter alternatives. Gab also would benefit from increased use and fees they can charge advertisers, hastening the arrival of Gab TV and other parallel economy services.

I could go on, but....well, you didn't even want to begin so I frankly don't feel like continuing.

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DonttrustChina 2 points ago +2 / -0

I strongly suspect that Musk is behind the information on bots. He's driving the price lower so he can get a better deal.

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BlueEyedDevil 2 points ago +2 / -0

Evil genius.

2
educatedandfree 2 points ago +2 / -0

I f*cling love Tyler.

2
Justaguy147 2 points ago +2 / -0

Option b, then option a happens anyway

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clownworld30330 1 point ago +1 / -0

Option b, then a, but (a) is criminal prosecution.

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cryptographrix 2 points ago +2 / -0

Please do all dating sites next.

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OhLollyLollyPop 2 points ago +2 / -0

I don't care what happens to Twitter/Commie Govt Media. Let Musk buy it and close the doors.

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TaxDollarsHardAtWork 2 points ago +2 / -0

Muskie-Poo has them by the short-hairs.

2
mytummyhurts 2 points ago +2 / -0

Could call it Parag's wager.

2
ripley88 2 points ago +2 / -0

Twitter is going to be such a great microcosm of why communism is trash

-1
superfly [S] -1 points ago +2 / -3

But it isn't real communism …

1
Stallionstyle 1 point ago +1 / -0

4D Chess Grandmaster. Do you think Elon cares about a lawsuit?

1
clownworld30330 1 point ago +1 / -0

It's more complicated. If the board members can claim they knew nothing, then they'll want the deal to go through to avoid civil liability. If the board members knew, then they'll want to cancel the deal - better take civil liability than criminal. Management, however, is shaking in its boots.

1
blueballs43 1 point ago +1 / -0

The old Elon is smarter than twitter clowns!

1
Papabravo12 1 point ago +1 / -0

Do lawsuits like this ever actually happen?

1
LandscaperJuan 1 point ago +1 / -0

The Twitter turds better hope not...lest they enter discovery phase.

If that happens, they're really screwed.

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KILLARY4PRISON 2 points ago +2 / -0

Musk is likely putting them through a diligence process that would make lawsuit discovery look like child's play.

1
deleted 1 point ago +1 / -0
1
AdamEstep 1 point ago +1 / -0

Elon cannot be held liable for preexisting fraud that he has just now been exposed to.

1
Shitheel 1 point ago +1 / -0

Must be why Jack jumped ship.

1
voxpopuli16 1 point ago +1 / -0

Can't Twitter simply refute Elon's claims, and NOT kill the deal? What stops them from doing both? Why does a simple disagreement with Elon about bots mean the deal is dead?

So Twitter's board says to Elon, hey we don't agree with you about the bots issue, but we still want to move forward with the acquisition. Then what? If Elon says the bots are a huge issue and that means Twitter isn't worth buying anymore, he has to back out of the deal, right?

I don't see how Twitter's board can be forced into anything here.

1
clownworld30330 1 point ago +1 / -0

Musk gets to walk away. They can't force him to go through with the deal. And due diligence means he gets to go over their books - they cannot keep secrets from him and get the deal through. And if they're committed fraud, then that will come out and they risk going to jail. And if the deal falls through and the craters, the shareholders get to sue the fuck out of the board and management.

Under such circumstances, then, Musk has a shitload of power over them. They're hoping they can get him to play ball. Or that Brandon can.

2
voxpopuli16 2 points ago +2 / -0

If Musk walks away voluntarily then shareholders can't sue, because the board didn't betray the shareholders, it's Musk who backed out of the deal. Shareholders can only sue if it's the board that decides to walk away.

On the other hand, if Musk can prove his allegations about the bot problem, then Twitter is truly screwed. Shareholders will sue, there may even be criminal charges, the works.

So it really just hinges on the facts of the bot issue. But this has nothing to do with that zerohedge is talking about. Twitter doesn't have to do anything here. They don't have to back out of the deal, they don't have to admit Elon is right. They can just wait for Elon to prove his allegations. Either Elon has what he needs to prove the problem or he doesn't.

1
clownworld30330 1 point ago +1 / -0

Musk doesn't have to prove jack shit. He can walk away from the deal leaving twatter stinking, then shareholders will do their own investigation if need be and sue. And state AGs can prosecute. Federal DAs, of course, are cucked. And yes, twatter's board has something they can do to avoid debacle: sweeten the deal. And the board, if they can save themselves from liability while screwing managers, they might.

1
voxpopuli16 1 point ago +1 / -0

If Musk walks away without first proving misconduct at Twitter he'll have to pay a $1 billion break up fee. He can afford it though so he might just go that route to avoid the hassle. But if he has the goods it's better to reveal his hand, take Twitter down, and not have to fork over any money.

1
Nunyo 1 point ago +1 / -0

Twitter should be beholden to the shareholders. If Musk backs out shareholders will need to know why. If they are defrauding shareholders by manipulating data they can and should sue.

1
voxpopuli16 1 point ago +2 / -1

If someone agrees to buy your car, but at the last minute he backs out of the deal, saying your car is a lemon, then it will just look like the guy is looking for an excuse to back out of the deal. It doesn't prove one way or another if your car is a lemon or not. To show your car is a lemon, the guy will have to provide some evidence.

1
Nunyo 1 point ago +1 / -0

That is a a false equivalent. One is a private sale person to person. The other is a company with share holders. If musk finds fraud and that Twitter has inflated their stock prices by knowingly allowing fake accounts that is fraud against stock holders.

1
1
voxpopuli16 1 point ago +1 / -0

I think we both agree that Elon is accusing Twitter management of committing fraud. My point is more about...okay, what's next?

As it stands now, Elon has accused Twitter of committing fraud. Twitter CEO responds, saying basically that based on their internal data, there is no fraud, but he can't show us that data because it's internal. Now what?

Does the deal still proceed as planned, even though one side has accused the other side of fraud? Or does the deal fall apart? If the deal falls apart, who gets the blame, and who has to fork over the $1B breakup fee?

Does it automatically fall on Twitter, because Elon says there's fraud? But hang on, Twitter says they didn't commit fraud...

Does it fall on Elon, because Twitter says there's no fraud? But hang on, Twitter refuses to provide any data to back up their no fraud claim...

You see what I mean? As it stands now neither side has what it takes to squarely lay the blame on the other side. It's kind of a he said, she said situation. However, if Elon can present some evidence of fraud, the whole situation changes.

1
WanderingRoland 1 point ago +1 / -0

I would be amused if he costed Twitter 100's of millions in class action lawsuits, caused the companys stock to drop another 60% then offered a substantially adjusted bid price.

1
Moebius 1 point ago +1 / -0

Either way, Musk get's their Heads Chopped Off...

He's going to wind up proving more than half their shit is fake and buying the whole thing for a case of smokes and a quart of Pork Fried Rice...

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deleted 1 point ago +1 / -0
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deleted 0 points ago +1 / -1
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Agent_86 -5 points ago +3 / -8

Leftist much?