𝕏 / Twitter / X, the Social Media Platform Formerly Known as Twitter / "MUSK OWNS TWITTER"

[AnOminous]

Problem is he kept breaking the NDA and disparaging the company which violated the covenants, so Twitter could try for damages which could be billions more. If they don't try for more than the basic billion then they could open themselves up to lawsuits from shareholders. It's likely why they're doing the suit under the pretense that they want to force the merger since just asking for the breakup fee would be a pittance to what they could've gotten.

They'd have to ask for that in their complaint though.

 

[SBG]

They'd have to ask for that in their complaint though.
View attachment 3487126

That's if they were hoping to just win with their complaint rather than settle.
Edit: If they ask for what's basically the minimum they can only get worked down on how much they can get. If they ask for everything with the suit (forcing Musk to buy) then they can either get that or work over the retard Musk into settling for something in-between which would still be a boon to twitter.

 

[Freshly Baked Socks]

the whole situation is plain goofy with Musk since the more bots there are the more valuable each real user

Wow, Lets go for a trillion bots then!

 

[Kevin Grumbles]

Are any right-wingers really big Musk "fans" or do they just see him as a useful instrument of chaos?

The cultist types like on Patriots.win are flinging shit because the Ultra MAGA King threw some shade at him, some realize it's just because they're arguing over whose dick is bigger and don't care, and some indeed just enjoying the rich stoner slinging gasoline around with the same fervor he slings his seed.

As someone who misses when we could argue on topics we disagree about but remain friendly on topics where we do manage to see eye to eye (which plants me firmly in the hardcore alt-right camp, apparently) I like his push for technology, space travel, and trolling the shit out of a lot of people who deserve it while waving the free speech banner. Just as long as he respects that I'd fedpost the shit out of him if he comes anywhere near me with his brain implants, I'm cool with him.

 

[Least Concern]

Plus the whole situation is plain goofy with Musk since the more bots there are the more valuable each real user would be once he worked his magic to do away with the bots as he said he would be doing.

Why would a handful of diamonds be worth less than a handful of diamonds in a barrel of human shit?

 

[Matt Damon]

Why would a handful of diamonds be worse less than a handful of diamonds in a barrel of human shit?

He seems to be under the bizarre impression that Twitter would retain its value to advertisers irrespective of how many of its "users" are bots, therefore each real user would magically become more valuable if the percentage of bots was found to be very high.

So I guess it follows that if 99.99% of Twitter users are found to be bots and there are only 100 real people on the platform, their attention is worth millions of dollars each.

 

[Puff]

He seems to be under the bizarre impression that Twitter would retain its value to advertisers irrespective of how many of its "users" are bots, therefore each real user would magically become more valuable if the percentage of bots was found to be very high.

So I guess it follows that if 99.99% of Twitter users are found to be bots and there are only 100 real people on the platform, their attention is worth millions of dollars each.

When the 100 is journalists and politicians...

 

[AnOminous]

If they ask for everything with the suit (forcing Musk to buy) then they can either get that or work over the retard Musk into settling for something in-between which would still be a boon to twitter.

Why would they want to settle for less than a billion? That's all they get with this complaint if they don't get specific performance. They want it all. That's where they'd go to settle, is somewhere up to or at the full purchase price. If they were going to plead this at all, they'd have to do it now along with the rest of the case. Just amending it later for obviously bogus reasons when their only claim goes belly up wouldn't fly, and they've already lost the ability to threaten him with anything else.

They complain a lot about things Musk has done or failed to do but don't base any causes of action on them or include anything related to them in the plea for relief.

(I suppose they could offer a settlement over a billion in order to drop their specific performance demand, but that's later and out of court.)

Also since this is a request for an injunction (ordering specific performance) the granting or denial of it is immediately appealable, so either way, it probably goes to appeals court, and will be decided on an interlocutory basis. Usually if there's a solid opinion on an issue, it sets the value of the potential settlement because you know how the case is likely to go at that point.

I think they're honest about wanting this case decided as quickly as possible and that's why they pled it this way. Time is on Elon Musk's side, so they don't want him to have it.

 

[Autistic Joe]

View attachment 3485516

Literal shit post, I love it!

 

[SBG]

Background on the chancery court.

https://www.nytimes.com/article/musk-twitter-delaware-court-chancery.html

What Is Delaware’s Court of Chancery and Its Role in Elon Musk’s Twitter Deal?​

Twitter sued Elon Musk on Tuesday over his effort to terminate a $44 billion acquisition deal. Now the legal battle is headed for a courtroom in Delaware, where a 230-year-old court that is a prime venue for corporate battles will hear the case.
The court is known as Delaware’s Court of Chancery. Here’s what to know about it.

What is the Delaware Court of Chancery?​

Created in 1792, the Delaware Court of Chancery is one of three courts established by the State Constitution, alongside the Supreme and Superior Courts. It is known as a court of equity, rather than a court of law, because it allows for more flexible resolutions than the law formally provides.
The court’s purview is to make decisions in cases where the law is not explicit about outcomes and where one party is seeking a specific action beyond monetary damages, said Charles Elson, founding director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. Twitter’s suit against Mr. Musk, for example, is pushing for the acquisition to be completed, and the court could require that through an injunction, he said.

“It’s situational,” Mr. Elson said. “You have a broad corporate statute, which Delaware has, and you leave the rest up to the judges.”

Chancery courts often hear cases related to wills, adoptions, divorces and guardianship. Delaware, Mississippi and Tennessee are the only states with distinct chancery courts, which descend from English judicial tradition.In Delaware, the Chancery Court has one chancellor, who is the chief judge, and six vice chancellors. The governor nominates the chancellor and vice chancellors, who must be confirmed by the State Senate to serve terms of 12 years. Delaware’s chancery courthouses are in Wilmington, Dover and Georgetown.

Why would the Chancery Court hear a Twitter case?​

Like many U.S. businesses, Twitter is registered as a company in Dover, Del. More than 1.8 million businesses are incorporated in the state, including more than two thirds of Fortune 500 companies, according to the State Division of Corporations.
As a result, Delaware’s Court of Chancery has heard many kinds of corporate cases over the years, building up expertise in this area. Many companies want cases heard by the court because of that knowledge, which also makes the arc of legal disputes there more predictable.

“If you want to have your business disputes resolved by experts, you will generally prefer Delaware,” said Joseph Grundfest, a professor of corporate governance at Stanford Law School. “You might be able to fool some judges somewhere, but you’re less likely to be able to fool these judges because they see this stuff all the time.”

The chancery court is intimately familiar with disputes involving mergers and acquisitions. Over the last two decades, it has ruled in disputes such as when a dissident shareholder fought a merger of the computer companies HP and Compaq in 2002; when the chemical company Hexion sued to end its merger with another chemical company, Huntsman, in 2008; and when the luxury companies LVMH Moët Hennessy Louis Vuitton and Tiffany & Company sued each other over an acquisition in 2020.

What happens once a case lands in Chancery Court?​

Cases in the Court of Chancery typically follow the same process, similar to most civil courts in other states. Both sides may file a motion for summary judgment, which means they ask the court to rule on all or parts of the case without going to trial. If the case goes to trial, the judge determines the facts based on evidence provided through records and testimonies, then rules on the resolution.
The chancellor, Kathaleen McCormick, appoints herself or one of the six vice chancellors to preside over the case. If a chancellor has a conflict of interest — for example, having worked for Mr. Musk or Twitter in the past — he or she cannot preside. Cases are then decided by the presiding judge and not a jury, though the judge can call an advisory jury to help consult. The judge’s decision can be appealed to the State Supreme Court, whose decision is final.

Have Mr. Musk and Twitter had cases heard in Chancery Court?​

Yes.
In 2016, Mr. Musk’s auto company, Tesla, announced a $2.6 billion acquisition of the solar panel energy company SolarCity. Tesla shareholders sued to prevent the deal from going forward, a case that landed in Delaware’s Court of Chancery. The shareholders accused Mr. Musk of pushing Tesla’s board to effectively bail out the struggling SolarCity, which the billionaire’s cousins had founded. The court ruled in Mr. Musk’s favor in April, a decision that has been appealed to the state’s Supreme Court.
Twitter has also dealt with the court in several cases, including a lawsuit filed in May by a police pension fund in Orlando, Fla., to delay the deal with Mr. Musk. In 2020, Twitter shareholders also sued the company in Chancery Court, accusing executives of inflating user statistics. The court approved a $38 million settlement last year.

Edit:

https://www.npr.org/2022/07/13/1111239959/twitter-elon-musk-delaware-court-of-chancery

What if Elon Musk refuses to comply with a court order?

The Delaware Court of Chancery can hold someone in contempt of court, and it has the power to send someone to jail, experts say.

But Michael Hanrahan, a partner with the law firm Prickett, Jones & Elliott, who has been a member of the Delaware Bar for more than 40 years, suggests there is another way the court could hold Musk to account if he fails to comply with a decision that doesn't go his way.

"Elon Musk owns a lot of stock in Delaware corporations, which may be subject to seizure in Delaware," he says, noting Tesla and SpaceX are both incorporated in the state. "So, there may be means of compelling him."

Edit 2:
I'm going to savor the tears of the whiners when this is all said and done.

 

[Oxyjen]

As someone who misses when we could argue on topics we disagree about but remain friendly on topics where we do manage to see eye to eye (which plants me firmly in the hardcore alt-right camp, apparently) I like his push for technology, space travel, and trolling the shit out of a lot of people who deserve it while waving the free speech banner. Just as long as he respects that I'd fedpost the shit out of him if he comes anywhere near me with his brain implants, I'm cool with him.

He wouldn’t though, he’s a massive hypocrite and liar by claiming to be anything about free speech. He cancelled a Tesla customer’s order after the guy mildly criticised him on Twitter. He went on a firing spree in SpaceX after an email went around dissing his Twitter antics. He paid that flight attendant $250k to not say anything after flashing her.
There are numerous examples that he’s a petty vindictive bitch and can’t tolerate anything bad said about him even if it’s the truth. It’s not beyond the realms of possibility that he tried to buy Twitter specifically so he could control rumours about himself, or ones he knows are in the pipeline.
He behaves exactly how you expect the richest man in the world who has the mentality of a 12 year old would act.

The guy isn’t a warrior for your favourite causes, is what I’m saying.

 

[Kevin Grumbles]

He wouldn’t though, he’s a massive hypocrite and liar by claiming to be anything about free speech. He cancelled a Tesla customer’s order after the guy mildly criticised him on Twitter. He went on a firing spree in SpaceX after an email went around dissing his Twitter antics. He paid that flight attendant $250k to not say anything after flashing her.
There are numerous examples that he’s a petty vindictive bitch and can’t tolerate anything bad said about him even if it’s the truth. It’s not beyond the realms of possibility that he tried to buy Twitter specifically so he could control rumours about himself, or ones he knows are in the pipeline.
He behaves exactly how you expect the richest man in the world who has the mentality of a 12 year old would act.

The guy isn’t a warrior for your favourite causes, is what I’m saying.

Badmouthing your boss has always been a good way to get fired, bad mouthing someone you're doing business with is a good way to have them not want to do business with you, and don't even get me started on the shit women are totally down with until the day after when they realize there's a payday in it for them if they suddenly "regret" it.

He's an asshole with highly questionable morals and a short fuse for shit he doesn't like. You don't get as rich as he is without being that way. I could rip him to shreds on a lot of things, and I'm not necessarily defending him for the shit above. The idiot also publicly smoked weed knowing full well the consequences of doing so with a federal contract, giving them an easy excuse to go back to their diversity hire dumbasses instead. Stating the reality of things doesn't mean I have to like it, nor do I have to personally like him to agree on some of the good he does. He's still better than the absolute garbage running Twitter currently, doing more for physical space travel than NASA has in decades, and pissing off plenty of people I like less than him so...

Hero we need? Hero we deserve? Meh to both, he's the asshole we have and I'll take what I can get.

 

[Lards and Lasses]

I'm really hoping for a video'd courtroom, but this is corporate america and they will probably lock that shit down.

 

[AnOminous]

I'm really hoping for a video'd courtroom, but this is corporate america and they will probably lock that shit down.

It's likely it's granted or denied in short order (relatively speaking), then immediately appealed to the Delaware Supreme Court (there is no intermediate appellate court for Chancery decisions).

 

[Mothra1988]

The cultist types like on Patriots.win are flinging shit because the Ultra MAGA King threw some shade at him, some realize it's just because they're arguing over whose dick is bigger and don't care, and some indeed just enjoying the rich stoner slinging gasoline around with the same fervor he slings his seed.

As someone who misses when we could argue on topics we disagree about but remain friendly on topics where we do manage to see eye to eye (which plants me firmly in the hardcore alt-right camp, apparently) I like his push for technology, space travel, and trolling the shit out of a lot of people who deserve it while waving the free speech banner. Just as long as he respects that I'd fedpost the shit out of him if he comes anywhere near me with his brain implants, I'm cool with him.

Well, Musk hasn't proven Trump wrong at this point. I guess we'll see what happens with Musk and Twitter now, but I don't blame people for thinking he's a faggot for pulling out.

 

[Random Internet Person]

The newest fight.

 

[linchan]

The newest fight.

What the fuck is Buckley saying that Elon should have gone for the left. All I keep seeing are Leftists bitching about Elon not using his money properly, and how electric car manufacturers are still just as environmentally damaging as gas cars. For some fucking reason the same people treat space exploration as not a scientific breakthrough but a billionaire pissing contest.

They might have a point, but Leftists have been hating on Elon before he went all out on right-wing support purely because he is a massive billionaire redditor. There has rarely been any case that the Left would ever embrace Elon.

 

[Random Internet Person]

What the fuck is Buckley saying that Elon should have gone for the left. All I keep seeing are Leftists bitching about Elon not using his money properly, and how electric car manufacturers are still just as environmentally damaging as gas cars. For some fucking reason the same people treat space exploration as not a scientific breakthrough but a billionaire pissing contest.

They might have a point, but Leftists have been hating on Elon before he went all out on right-wing support purely because he is a massive billionaire redditor. There has rarely been any case that the Left would ever embrace Elon.

I think the “going” is more of the sense of “Buy my Teslas!” How long have they hated him anyway?

 

[InsolentGaylord]

I am still betting on Musk simply trying to get Twitter for a lower price considering some of the tweets he made recently. Especially when he talked about how Twitter will be forced to reveal the truthful botting information.

 

[AnOminous]

What the fuck is Buckley saying that Elon should have gone for the left. All I keep seeing are Leftists bitching about Elon not using his money properly, and how electric car manufacturers are still just as environmentally damaging as gas cars.

That's one of my favorite gripes of losers whining about rich people, that they're not doing enough with their money or doing the wrong thing. Well how about get some money of your own and then do anything you like with it?

Also I hate that Buckley shit of saying one thing and then the caption on the other side says the same shit in different words. It is distracting as fuck.