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

namelessoracle said:
Cant he just have a private talk with his financing and they back out and hes out a billion?
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That will be the least expensive option for him, but it doesn't look like it will be. I doubt he will buy Twitter, and I suspect he will end up settling with Twitter for more than 1 billion smackers.

I like what Patrick Boyle said. Twitter should ban him and then ask for 69 Billion.
 
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ScooterL said:
Including those who pretend to leave, then keep tweeting.

Jamil's an addict, she'll be back.
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Give me clocks, but I only just noticed: she's back. Woke panic wears off so quickly.

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Elon Musk files countersuit under seal vs Twitter over $44 billion deal​

WILMINGTON, Del., July 29 (Reuters) - Elon Musk countersued Twitter Inc (TWTR.N) on Friday, escalating his legal fight against the social media company over his bid to walk away from the $44 billion purchase, although the lawsuit was filed confidentially.

While the 164-page document was not publicly available, under court rules a redacted version could soon be made public.

Musk's lawsuit was filed hours after Chancellor Kathaleen McCormick of the Delaware Court of Chancery ordered a five-day trial beginning Oct. 17 to determine if Musk can walk away from the deal.

Twitter did not immediately respond to a request for comment.

Also on Friday, Musk was sued by a Twitter shareholder who asked the court to order the billionaire to close the deal, find that he breached his fiduciary duty to Twitter shareholders and award damages for losses he caused.

Musk owes a fiduciary duty to Twitter's shareholders because of his 9.6% stake in the company and because the takeover agreement gives him a veto of many of the company's decisions, according to the lawsuit, which seeks class status. The lawsuit was filed by Luigi Crispo, who owns 5,500 Twitter shares, in the Court of Chancery.

Musk, the world's richest person and chief executive of Tesla Inc (TSLA.O), said on July 8 he was abandoning the takeover and blamed Twitter Inc for breaching the agreement by misrepresenting the number of fake accounts on its platform. read more

Twitter sued days later, calling the fake account claims a distraction and saying Musk was bound by the merger contract to close the deal at $54.20 per share. The company's shares ended on Friday at $41.61, the highest close since Musk abandoned the deal. read more

McCormick fast-tracked the case to trial last week, saying she wanted to limit the potential harm to Twitter caused by the uncertainty of the deal.

Twitter has blamed the court fight for slumping revenue and causing chaos within the company. read more

The two sides had basically agreed to an Oct. 17 trial, but were at odds over the limits of discovery, or access to internal documents and other evidence.

Musk accused Twitter this week of dragging its feet in response to his discovery requests, and Twitter accused him of seeking huge amounts of data that are irrelevant to the main issue in the case: whether Musk had violated the deal contract.

The chief judge in her order on Friday appeared to anticipate discovery disputes to come.

"This order does not resolve any specific discovery disputes, including the propriety of any requests for large data sets," said McCormick.

Musk also faces a week-long trial in Wilmington, Delaware, beginning Oct. 24. A Tesla shareholder is seeking to void as corporate waste and unjust enrichment the CEO's record-breaking $56 billion pay package from the electric vehicle maker.
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Kevin Grumbles said:
With how desperate Twitter is for the buy, he probably has a reasonable shot at it, too, but this "Hurr durr he publicly fucked a beehive so everyone would stare at him while he offloaded stock for a secret purpose and I totally figured it out because I'm smarter" is the kind of take I'm here to laugh at, not adopt for myself.
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He hedged his bets so no matter what happened he is going to make money out of it, or at least not lose much even if forced to buy. My guess (which is as good as yours or anybody's) is that if Twitter actually did materially breach, equity (the business of Chancery Court which literally means equity) demands that even if the court orders specific performance, it won't be for the valuation based on their fraudulent claims.
 
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InsolentGaylord said:
www.bbc.co.uk

Elon Musk sells $6.9bn of Tesla shares as Twitter lawsuit looms

The world's richest man says he needs the money in case he is forced to buy Twitter for $44bn.
www.bbc.co.uk

Elon is fucked, no twitter buyout ever ever.
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If he’s selling off a bunch of Tesla stock then seems a sign he’ll at least obey any court orders requiring him to buy or pay some massive amount to settle.

Also some noticed Musk has Twitter’s auditing guidelines as one of the exhibits even though he’s argued he didn’t get it.

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He also in one filing he apparently tried using the site Botometer to judge there were more bots on the site, while Botometer declared Musk’s account a bot. Which seems a bit pitiful.
 

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SBG said:
He also in one filing he apparently tried using the site Botometer to judge there were more bots on the site, while Botometer declared Musk’s account a bot. Which seems a bit pitiful.
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Hypothetical conversation that went down at Botometer:

"Should I add people who own social media into the algorithm? What kind of people even want own social media sites?"

"I dunno, Zuckerberg?"

"What? The robotic looking lizard man?"

"Yeah."

"Ok, added."
 
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Hollywood Hulk Hogan said:
This is one of those situations where both sides are awful and you want there to be no winners
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I want Twitter to lose and Musk to win. I think he's going to end up with Twitter, but at this point it's for the courts to decide how much. Either twitter committed some kind of negligence surrounding bot numbers, and that's enough for Musk to make a cheaper followup offer, or the court says he has to buy it at the stated price. I'm interested to see what he does with "open sourcing the twitter algorithms," and if he will keep his word, makes twitter more neutral politically, and more in line with the 1st amendment. It's this waiting that's boring me to death.

If it was Twitter V. Jeff Bezos, or Twitter v. Bill Gates, or Twitter V. Ulf Mark Schneider, in those cases, I would want them both to lose.
 
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Lichen Bark said:
I want Twitter to lose and Musk to win. I think he's going to end up with Twitter, but at this point it's for the courts to decide how much. Either twitter committed some kind of negligence surrounding bot numbers, and that's enough for Musk to make a cheaper followup offer, or the court says he has to buy it at the stated price. I'm interested to see what he does with "open sourcing the twitter algorithms," and if he will keep his word, makes twitter more neutral politically, and more in line with the 1st amendment. It's this waiting that's boring me to death.

If it was Twitter V. Jeff Bezos, or Twitter v. Bill Gates, or Twitter V. Ulf Mark Schneider, in those cases, I would want them both to lose.
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Elon is a retard, too, who has annoying fanboys
 
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Puff said:
Retards do seem to have a habit of becoming the richest people on the planet. The fans are annoying, but the guy is entertaining at least.
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He can be rich and still be an annoying douche with retard fan boys.

I think you guys are only rooting for him because you think he will let you fedpost and say the n word on Twitter (he probably won't)
 
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Hollywood Hulk Hogan said:
He can be rich and still be an annoying douche with retard fan boys.

I think you guys are only rooting for him because you think he will let you fedpost and say the n word on Twitter (he probably won't)
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At this point I want Twitter to win just to help damage the image Elon has built up with his fanboys. More I read on the subject the more retarded Elon ends up sounding, but the fanboys run defense arguing it’s all 4D chess and really Elon is gonna come out on top.

And if he is forced to buy Twitter it’ll make both sides miserable. Who wouldn’t cheer on that?
 
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