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

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LUNEKO said:
Since you're the resident law shitposter around here let me ask you, is there any reasonable legal scenario where its reasonable for Twitter to refuse to hand over data from someone looking to buy the company?
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The legal documents are of incredible length and supposedly they agreed to give Musk this info, but then they dumped enormous amounts of information on him, what I was calling "dump truck discovery," which is when you respond to a request for information with ludicrously huge amounts of information to the point it is utterly useless.

This is what Musk is complaining about.

This is also exactly why you do this dump truck discovery, because the other side basically says, look, he asked for all this stuff, we gave it to him, what didn't we give him, we gave it all!

This is why I'm expecting to be entertained by whatever legal fight emerges from this.
 
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ditto said:
But Musk isn't "looking" to buy - he already signed a binding agreement to buy Twitter!

Due diligence is all stuff you do before you sign!
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I believe he is relying on the specific performance clause. Twitter has not specifically performed, in the terms of the contract, or at least that is what Musk is claiming.

According to Musk, it is Twitter that has breached the contract, and it is they who owe him a billion.

There has never been a case exactly like this between entities this rich, so it has the possibility to be really fun.
 
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AnOminous said:
I believe he is relying on the specific performance clause. Twitter has not specifically performed, in the terms of the contract, or at least that is what Musk is claiming.

According to Musk, it is Twitter that has breached the contract, and it is they who owe him a billion.

There has never been a case exactly like this between entities this rich, so it has the possibility to be really fun.
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So its 2 toddlers pointing fingers at each other while waiting for the adults to figure out what happened
 
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Sanshain said:
He did it to sell insanely overvalued Tesla stock to gullible morons then pocket the (billions of dollars' worth) change when he was inevitably 'forced' to back out of the deal by shady, evil Twitter overlords.

Musk never wanted to buy Twitter. Well, actually, he definitely did, because he's a power-mad wannabe transhumanist Syndicate Wars style dictator with a desperate desire to control the narrative. But there's a difference between that and any legitimate desire to take on the responsibility of running one of the world's largest social media platforms, especially one whose userbase utterly despises him and wants him to fail.
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Right, there's a certain subset of people who are actually taken in by this shit. They genuinely think guys like Elon Musk are subversive rogues or leaders to follow because he can sometimes act aloof and irreverent. Elon Musk knows that and has been more than happy to capitalize off all of it.

I said it from the beginning, but this Twitter thing has always primarily been a way to pump up his personal stocks, both his literal personal stocks in the companies he owns, and his figurative stocks as the center of a cult of personality.

Musk might not be quite as horrible and full of hatred for the middle class as other people in his wealth bracket, but the fact remains that every one of these individuals got to be where they are somehow. Ultimately profit comes first, not altruism. Twitter is not an especially profitable platform, meaning the question was always how to maximally boost his profile while minimizing loss.
 
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AnOminous said:
The legal documents are of incredible length and supposedly they agreed to give Musk this info, but then they dumped enormous amounts of information on him, what I was calling "dump truck discovery," which is when you respond to a request for information with ludicrously huge amounts of information to the point it is utterly useless.

This is what Musk is complaining about.

This is also exactly why you do this dump truck discovery, because the other side basically says, look, he asked for all this stuff, we gave it to him, what didn't we give him, we gave it all!

This is why I'm expecting to be entertained by whatever legal fight emerges from this.
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So Twitter actually tried to gish gallop him, but physically.
 
Uberpenguin said:
Right, there's a certain subset of people who are actually taken in by this shit. They genuinely think guys like Elon Musk are subversive rogues or leaders to follow because he can sometimes act aloof and irreverent. Elon Musk knows that and has been more than happy to capitalize off all of it.

I said it from the beginning, but this Twitter thing has always primarily been a way to pump up his personal stocks, both his literal personal stocks in the companies he owns, and his figurative stocks as the center of a cult of personality.

Musk might not be quite as horrible and full of hatred for the middle class as other people in his wealth bracket, but the fact remains that every one of these individuals got to be where they are somehow. Ultimately profit comes first, not altruism. Twitter is not an especially profitable platform, meaning the question was always how to maximally boost his profile while minimizing loss.
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I’ll never understand why some people get the pass for being insufferable attentionwhores and others get the shaft. Musk, Depp, Heard, Grimes—I don’t care, all celebrities are insufferable and perform in the public eye for their personal gain. Just because one of them is charming or funny or “le wholesome Ryan Reynolds” or smokes marijuana doesn’t change that it’s all just for ego.
 
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Musk is probably fucked here. He might be able to weasel out of the purchase itself, but he outright waived due diligence specifically citing the bot issue Twitter has. He even made a bunch of big talk about how he was going to fix it after the purchase. You'd be hard pressed to find a judge sympathetic to his case there. He's at least going to have to pay the $1 billion for backing out of the deal, but then there's also the literal anti-shitposting clause stating that, in the event he backs out of the deal, he's on the hook for any devaluation of Twitter's stock price as a result of him and his actions, though it remains to be seen how much that will really be. It's also not going to be cheap or easy for Twitter to actually prove those damages are Musk's fault.
This shit is gonna be in court forever. I hope it's miserable for both of them.
Edit: If you'd like to hear it from the horse's mouth. He dug himself into this hole by not keeping his mouth shut, like every other problem he causes himself. For the record, I think he'd be overpaying for Twitter at $20 and Wendy's coupon.
 
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AnOminous said:
There has never been a case exactly like this between entities this rich, so it has the possibility to be really fun.
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I deeply love billionaire fights, the best ones involve mercenaries.
Will current Twitter management survive the stock plummet? People are leaving out very pissed off shareholders in this equation.
 
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If the topic is Musk and you want to find some choice gloating and whining that isn't on Twitter or Reddit, I recommend Ars Technica:

Musk, "jokingly", wanted to buy Twitter so he could let his transphobic buddies, like The Babylon Bee, back onto the platform. Then, because he's a billionaire asshat, he actually went through with the joke.
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Arrogant fucking twat.

He's singlehandedly put me off buying a Tesla and makes me feel dirty rooting for Space X...and that's saying something as I grew up in Brevard County and my dad worked on the machines in the firing room.
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Until twitter confirms the deal is canceled and musk is out for good twitter will not get one dollar from me. I canceled my twitter blue immediately when musk made his offer to buy the company. I am also fully adblocking on twitter including promoted tweets, blocking advertisers, etc.
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It's especially good because they love SpaceX but can't stand the Musk. Most conservatives have been banned or driven off the site. Also, DrPizza.

On this deal, losing only $1 billion after the court battles could be considered a win. Maybe he has made that back selling shares? Expect the SEC to sniff around Musk again.

Elon Musk proves he’s the wrong man to save the world
 
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The Mass Shooter Ron Soye said:
A lot of people thought he would lose the pedo guy defamation lawsuit. Maybe he will prevail here. It's still a dangerous game.
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Honestly, I'm only skeptical he gets away with this because- given he has like 10+ kids- he seems to have a poor track record with pulling out of things.
 
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