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

[hal2kilo]

Yeah, he's been her step-father since she was 4. Big yikes.

Sounds like one of the primaries on Below Deck.

 

[dank69]

Looking good:

https://www.yahoo.com/finance/news/judge-twitter-v-musk-made-100646503.html

The judge overseeing Twitter Inc's $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a U.S. corporate merger.

Kathaleen McCormick took over the role of chancellor or chief judge of the Court of Chancery last year, the first woman in that role. On Wednesday, she was assigned the Twitter lawsuit which seeks to force Musk to complete his deal for the social media platform, which promises to be one of the biggest legal showdowns in years.

"She already has a track record of not putting up with some of the worst behavior that we see in these areas when people want to get out of deals," said Adam Badawi, a law professor who specializes in corporate governance at the University of California Berkeley. "She is a serious, no-nonsense judge."

 

[dawheat]

Found the update from Matt Levine useful to catch up to all the shenanigans

https://www.bloomberg.com/opinion/articles/2022-07-13/twitter-still-wants-musk-s-money

 

[GodisanAtheist]

Yeah, time to update the thread title...

 

[Heartbreaker]

Legal Eagles take: (TLDNW - Would much rather be Twitter than Musk in this fight):

 

[Ajay]

Why does it seem like so many 'brilliant' people are so bizarre? Running two amazing businesses wasn't enough for this dude. God complex?

 

[GodisanAtheist]

Why does it seem like so many 'brilliant' people are so bizarre? Running two amazing businesses wasn't enough for this dude. God complex?

- I suspect it actually works backward: Take a really bizarre person and give them the resources and they'll run with it. Business people have an abnormally high risk tolerance and I suspect being a weird motherfucker comes along with the territory there.

Give a guy like me, someone who is probably average intelligence and pretty vanilla, a bunch of money and I'll just go put that shit in an index fund and call it a day.

 

[cytg111]

Why does it seem like so many 'brilliant' people are so bizarre? Running two amazing businesses wasn't enough for this dude. God complex?

Yup. Think so. Ego grew so big he actually believed Rogan when he called him Iron Man.

 

[Heartbreaker]

Why does it seem like so many 'brilliant' people are so bizarre? Running two amazing businesses wasn't enough for this dude. God complex?

Seems less to do with brilliance, and more to do with power.

Power corrupts and money is power. Elon has perhaps the most money.

 

[Vic]

Musk fanbois last month: Elon is buying twitter to fix the bot problem.
Musk fanbois this month: Elon is backing out of the twitter deal because of the bot problem.

 

[BoomerD]

I don't give a shit who owns Twitter. Never had an account, probably never will...but Musk seems like a real douchebag, so I hope Twitter takes him to the cleaners.

 

[Red Squirrel]

I think this is just Elon's way to force Twitter to reveal bot %. Now they HAVE to reveal it in court.

That, and this will ultimately get him a better deal since they'll probably settle on something lower. He jumped the gun by offering way more than what it was worth and now is regretting it. In the end this will cost him less.

Or maybe he really just wants out completely, but the penalty is still quite high so it seems dumb to pay that and not get anything out of it. I think he's still interested but he wants to force a better deal.

 

[cytg111]

I think this is just Elon's way to force Twitter to reveal bot %. Now they HAVE to reveal it in court.

That, and this will ultimately get him a better deal since they'll probably settle on something lower. He jumped the gun by offering way more than what it was worth and now is regretting it. In the end this will cost him less.

Or maybe he really just wants out completely, but the penalty is still quite high so it seems dumb to pay that and not get anything out of it. I think he's still interested but he wants to force a better deal.

How do you prove an account is fake?
Twitter has given him access to ALL the data, so he could use his own algorithm to dig out bots.
Twitter is not hiding anything. Elon is whining like a little bitch. He will lose.

 

[MrSquished]

How do you prove an account is fake?
Twitter has given him access to ALL the data, so he could use his own algorithm to dig out bots.
Twitter is not hiding anything. Elon is whining like a little bitch. He will lose.

The deal Elon signed is not in his favor.

Also it's funny because when he was talking about buying Twitter it was how he was going to buy it and fix the bot problem. Now it's the bots that scare him. He is just a liar like he's done before.

The Elon fanboys all forget what he said then of course

 

[cytg111]

The deal Elon signed is not in his favor.

Also it's funny because when he was talking about buying Twitter it was how he was going to buy it and fix the bot problem. Now it's the bots that scare him. He is just a liar like he's done before.

The Elon fanboys all forget what he said then of course

There is an interview with John Carmack out there there is about 10+ years old, this was back when Carmack was also playing with rockets, and the two of them were in frequent dialog, the way Carmack described Elon to the interviewer was that he was of a singular mind in regards to the Mars project, whenever John would steer off course with something Elon would break off the conversation with "but how is this gonna get us to Mars faster?"
To me it makes almost perfect sense that Elon has realized he has strayed down a path that does not take him to Mars faster and is now back peddling as fast as he can. Even if that is the case he is still somewhat sleep walking cause the moron just wont stop tweeting DeSantis dumb shit. He got in a club with Thiel and Rogan and the red mob, they treat him like the cool kid in the class, now he feels special, and the idiot continues to drink the cool-aid.

YO ELON, Having Rogan pad you back does not get you to Mars faster. Dumbass.

 

[Heartbreaker]

There is an interview with John Carmack out there there is about 10+ years old, this was back when Carmack was also playing with rockets, and the two of them were in frequent dialog, the way Carmack described Elon to the interviewer was that he was of a singular mind in regards to the Mars project, whenever John would steer off course with something Elon would break off the conversation with "but how is this gonna get us to Mars faster?"
To me it makes almost perfect sense that Elon has realized he has strayed down a path that does not take him to Mars faster and is now back peddling as fast as he can. Even if that is the case he is still somewhat sleep walking cause the moron just wont stop tweeting DeSantis dumb shit. He got in a club with Thiel and Rogan and the red mob, they treat him like the cool kid in the class, now he feels special, and the idiot continues to drink the cool-aid.

YO ELON, Having Rogan pad you back does not get you to Mars faster. Dumbass.

That might have been Musk of 10+ years ago, but that isn't Musk of today, who's now the wealthiest person on the planet, and is more concerned about keeping/growing his giant horde of cash, while complaining about lazy US workers who want some kind of work-life balance, and praising Chinese workers who live at factories (sometimes prevented from leaving).

Mars at this point remains of interest, but just as another major ego stroke.

 

[fskimospy]

I think this is just Elon's way to force Twitter to reveal bot %. Now they HAVE to reveal it in court.

That, and this will ultimately get him a better deal since they'll probably settle on something lower. He jumped the gun by offering way more than what it was worth and now is regretting it. In the end this will cost him less.

Or maybe he really just wants out completely, but the penalty is still quite high so it seems dumb to pay that and not get anything out of it. I think he's still interested but he wants to force a better deal.

I mean the real and obvious answer is Musk made a gigantic blunder by hugely overpaying for a middling asset right before a big market downturn and now he’s trying to escape.

 

[cytg111]

I mean the real and obvious answer is Musk made a gigantic blunder by hugely overpaying for a middling asset right before a big market downturn and now he’s trying to escape.

Now that he is a right wing darling he is playing 71 dimensional chess to own the libs. Obviously.

 

[Roger Wilco]

Now that he is a right wing darling he is playing 71 dimensional chess to own the libs. Obviously.

If Trump continues to eviscerate Musk, I don’t know if anybody is gonna like the guy.

 

[K1052]

I mean the real and obvious answer is Musk made a gigantic blunder by hugely overpaying for a middling asset right before a big market downturn and now he’s trying to escape.

Some people appear unable to process that he actually might have just made a huge mistake and that it's going to cost him to get out.

 

[zinfamous]

I think this is just Elon's way to force Twitter to reveal bot %. Now they HAVE to reveal it in court.

That, and this will ultimately get him a better deal since they'll probably settle on something lower. He jumped the gun by offering way more than what it was worth and now is regretting it. In the end this will cost him less.

Or maybe he really just wants out completely, but the penalty is still quite high so it seems dumb to pay that and not get anything out of it. I think he's still interested but he wants to force a better deal.

are you a fucking idiot or what?

 

[fskimospy]

are you a fucking idiot or what?

It’s weird that people have internalized this idea that Twitter is somehow hiding bot numbers or that Musk actually gives a shit about them. He’s making up excuses to try and escape a dumb deal he made. It’s that simple.

 

[zinfamous]

It’s weird that people have internalized this idea that Twitter is somehow hiding bot numbers or that Musk actually gives a shit about them. He’s making up excuses to try and escape a dumb deal he made. It’s that simple.

I just don't understand why people hold this belief that Musk has any leverage over Twitter, or any rights to ask for any data from them, when he very specifically and quite loudly signed away all of his rights to demand any of this.

It's cut and dry.

Are people so uninterested in informing themselves about these topics that they seem so invested in, to make such preposterously stupid comments about what is actually going on?

I know Red Squirrel doesn't know a fucking thing about how pretty much anything works in the US, especially the law, but where does one get the idea that the courts are somehow going to force Twitter to give Musk the information that he waived away all rights to? I mean...wtf. Are these people living in a different dimension?

 

[cytg111]

I have inserted myself into right wing media on Facebook and I shit you not, these, say 10+, different outlets is broadcasting in tune, lockstep, and this is the marching orders right now: Elon Musk is a right wing hero playing 71D chess with Twitter -the weak woke end of days lgbtq big tech globalist- platform.
*SOME ENTITY* is making a concerted propagandist effort to flood the zone with shit. And its WORKING.
I am halfway suspecting that some of this is an effort to twart feed algorithms, if you have 10+ outlets more or less broadcast the same shit you can flood an persons feed/info silo with exclusively just that same shit.

 

[Zorba]

Saw this on an Ars comment and thought it was good:

magine a pizza restaurant. No matter what, that restaurant is going to make pizza that isn't for everyone, but chances are good it's going to have fans.

Now imagine you find out that someone you really do not like is making a move to buy this restaurant, and you fear for the product, so you don't want this to happen. You can't stop it from happening, though, and the wheels are in motion. But it turns out the employees don't really want the restaurant to be sold either, and some start to leave. The restaurant tries to put together a plan to retain them, but the new-owner-to-be doesn't approve the steps, and in fact starts talking shit about the restaurant publicly. Morale at the restaurant falls further. More people leave.

The new owner-to-be starts opening his mouth more and gets them to hand over customer data and the secret recipes. The long-term viability of the restaurant is potentially impacted by this.

The new owner-to-be begins to defecate at random locations in the restaurant and livestreams it, and then decides he's not gonna buy it even though he's already signed the paperwork.