Elon Musk now owns 9.2% of twitter...update.. will soon be the sole owner as Board of Directors accepts his purchase offer

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Greenman

Lifer
Oct 15, 1999
20,969
5,585
136
How does discovery work in this case? Twitter claims they can't give Musk bot info without releasing members personal info, but wouldn't that have to released as it's going to be made a central point in the case?
I'm clueless as to how this all works, and I don't care who wins, but I find the story and process interesting.
 

ivwshane

Lifer
May 15, 2000
32,565
15,449
136
How does discovery work in this case? Twitter claims they can't give Musk bot info without releasing members personal info, but wouldn't that have to released as it's going to be made a central point in the case?
I'm clueless as to how this all works, and I don't care who wins, but I find the story and process interesting.

That’s irrelevant as he waived his rights to get more info.

This should be the easiest case in the world to decide.
 

Vic

Elite Member
Jun 12, 2001
50,422
14,336
136
How does discovery work in this case? Twitter claims they can't give Musk bot info without releasing members personal info, but wouldn't that have to released as it's going to be made a central point in the case?
I'm clueless as to how this all works, and I don't care who wins, but I find the story and process interesting.

I'm clueless as to how someone like Musk could pretend to not know about twitter well-known bot problem before now.
.
But Musk did do us all a favor with this deal. He showed us that all those "free speech absolutist" conservatives were salivating at the prospect of him owning twitter and banning every single liberal from that platform. It's all they've talking about since he proposed the deal, and they're crushed that's not going to happen now.
But of course, you don't know anything about that, but that's cause you're clueless about everything. Ignorance being your strength and all that.
 

alien42

Lifer
Nov 28, 2004
12,725
3,133
136
I'm clueless as to how someone like Musk could pretend to not know about twitter well-known bot problem before now.
.
But Musk did do us all a favor with this deal. He showed us that all those "free speech absolutist" conservatives were salivating at the prospect of him owning twitter and banning every single liberal from that platform. It's all they've talking about since he proposed the deal, and they're crushed that's not going to happen now.
But of course, you don't know anything about that, but that's cause you're clueless about everything. Ignorance being your strength and all that.

 

Heartbreaker

Diamond Member
Apr 3, 2006
4,340
5,464
136
Egotistical man babies attacking each other, should be good for some popcorn, because neither has ever shown they can just walk away when their fragile egos have been put down:

 

fskimospy

Elite Member
Mar 10, 2006
85,710
51,001
136
How does discovery work in this case? Twitter claims they can't give Musk bot info without releasing members personal info, but wouldn't that have to released as it's going to be made a central point in the case?
I'm clueless as to how this all works, and I don't care who wins, but I find the story and process interesting.
From my limited knowledge if that does turn out to be the case that they have to turn in the information over I believe it goes to a third party bound by confidentiality who analyzes it on Musk’s behalf.

That being said his case for getting that data seems pretty weak to me considering he stated he believed bots to be a problem before signing a deal that explicitly waived his right to finding out if bots were a problem.
 

Heartbreaker

Diamond Member
Apr 3, 2006
4,340
5,464
136
That being said his case for getting that data seems pretty weak to me considering he stated he believed bots to be a problem before signing a deal that explicitly waived his right to finding out if bots were a problem.

I think it's obvious this is just a transparent excuse for Elon to get out of the bad deal he made on a whim.

Hard to say how much he will be able to play this in court...
 

fskimospy

Elite Member
Mar 10, 2006
85,710
51,001
136
I think it's obvious this is just a transparent excuse for Elon to get out of the bad deal he made on a whim.

Hard to say how much he will be able to play this in court...
Probably more than we would like as contracts are for regular people.

That being said the impression I’ve gotten from reading experts on the matter is that Twitter has a significant advantage from a legal perspective. Not sure how much of this ends up being political/business vs. legal though.
 

Greenman

Lifer
Oct 15, 1999
20,969
5,585
136
From my limited knowledge if that does turn out to be the case that they have to turn in the information over I believe it goes to a third party bound by confidentiality who analyzes it on Musk’s behalf.

That being said his case for getting that data seems pretty weak to me considering he stated he believed bots to be a problem before signing a deal that explicitly waived his right to finding out if bots were a problem.
Never thought about a third party aspect. Seems a sensible solution.
Looks like Musk has dug himself a hole that's going to be tough to climb out of. In the end I doubt it really matters, he can afford the loss no matter how it works out.
 

fskimospy

Elite Member
Mar 10, 2006
85,710
51,001
136
Never thought about a third party aspect. Seems a sensible solution.
Looks like Musk has dug himself a hole that's going to be tough to climb out of. In the end I doubt it really matters, he can afford the loss no matter how it works out.
Yeah I mean he's still going to be filthy rich no matter what happens here but this may end up costing him several billion dollars and even for someone like him that's a lot of money.
 

MrSquished

Lifer
Jan 14, 2013
23,155
21,281
136
If there's any Facebook article about the Elon Twitter deal, there are a lot of Elon/ Trump fanboys saying how Elon has exposed Twitter and Twitter is fucked and all kind of praise for Elon. About anything
 

MrSquished

Lifer
Jan 14, 2013
23,155
21,281
136
Yeah I mean he's still going to be filthy rich no matter what happens here but this may end up costing him several billion dollars and even for someone like him that's a lot of money.
Totally. No matter how rich he is he will always be a filthy man. But if he has to pay Twitter five or so billion dollars and get nothing out of it, that's going to put a dent in Tesla stock I think. It just goes to show what a poor businessman he can be now that he's just full of himself and nothing else. People will start demanding he step down, that should be fun. I'll watch that shit show
 
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Greenman

Lifer
Oct 15, 1999
20,969
5,585
136
Yeah I mean he's still going to be filthy rich no matter what happens here but this may end up costing him several billion dollars and even for someone like him that's a lot of money.
But it won't make a single difference to how he lives.
 

fskimospy

Elite Member
Mar 10, 2006
85,710
51,001
136
But it won't make a single difference to how he lives.
It might make him think twice before pulling another stupid stunt like this though, and that's worth something to me.

Although this does inadvertently make a good case for taxing the super rich. It's just a high score in a video game to him at this point - money means nearly nothing.
 

MrSquished

Lifer
Jan 14, 2013
23,155
21,281
136
It might make him think twice before pulling another stupid stunt like this though, and that's worth something to me.

Although this does inadvertently make a good case for taxing the super rich. It's just a high score in a video game to him at this point - money means nearly nothing.

It will cost Elon more than say the 5 or so billion he has to pay. I see a power struggle at Tesla with people calling for his head. Not sure if he will have to step down or not, but it will be fun to see it hurt him.
 

Heartbreaker

Diamond Member
Apr 3, 2006
4,340
5,464
136
It will cost Elon more than say the 5 or so billion he has to pay. I see a power struggle at Tesla with people calling for his head. Not sure if he will have to step down or not, but it will be fun to see it hurt him.

Very hard to do. Musk owned ~20% of the stock, and Tesla has a "supermajority" provision requiring 2/3 majority vote to make major changes.

So you need nearly everyone against Musk, to make any change against his approval.
 

MrSquished

Lifer
Jan 14, 2013
23,155
21,281
136
Very hard to do. Musk owned ~20% of the stock, and Tesla has a "supermajority" provision requiring 2/3 majority vote to make major changes.

So you need nearly everyone against Musk, to make any change against his approval.
Of course. Like I said most likely he will hold on. But strife on that level will only hurt Tesla and musk. A win win.
 

Greenman

Lifer
Oct 15, 1999
20,969
5,585
136
It might make him think twice before pulling another stupid stunt like this though, and that's worth something to me.

Although this does inadvertently make a good case for taxing the super rich. It's just a high score in a video game to him at this point - money means nearly nothing.
Taxing assets is a tough nut. As it stands they're taxed when liquated, which seems like a logical way of doing things.
If Musk paid a wealth tax on his Tesla stock and the company went down the crapper would he get a refund? He never actually had the money that asset was worth, so why would he owe a tax on it? Until the stock is sold the value is whatever the market decides it is.