Quote:
Originally Posted by Azure
I get that, however we don't know if Musk doesn't have legal precedent or not here. Maybe he had some sort of legal protection in the purchase agreement where he had the right to back out if something about Twitter didn't line up.
The whole purchase thing is sketchy as heck, but at the same time I think Twitter is basically a Russian bot site and has been for a long time.
In effect if you buy Twitter, you buy it for the user base, and if the user base turns out to be completely fraudulent, why shouldn't there be a clause allowing you to back out? I mean that is literally the first thing I thought of when I heard Musk wanted to buy Twitter. Whether he actually knows how many real users they have.
|
If I agree to buy a house that I know is in terrible shape and I put no provisions on the purchase... I can't turn around 2 months later and say this house is in terrible shape and I don't want to buy it and get out of the purchase.
You said that you thought it was a Russian bot factory when he made the purchase. What are the odds he didn't know/think the same thing.
Anything is possible but Delaware courts rarely over turn mergers.