Was always a ruse, first to unload stock in TSLA near the top before an expected market decline, second to cynically seem like a MAGA champion so the cult buys his cars.
Was always a ruse, first to unload stock in TSLA near the top before an expected market decline, second to cynically seem like a MAGA champion so the cult buys his cars.
Kind of a weird ruse. Twitter isn't sending him all this information or freezing hiring on a "because he promised". There's a contract, they had to file it with the SEC. It's public if you're curious: https://d18rn0p25nwr6d.cloudfront.ne...3fc5e096e9.pdf
There are conditions that can cancel the contract, but "syke, nevermind!" isn't one of them.
Kind of a weird ruse. Twitter isn't sending him all this information or freezing hiring on a "because he promised". There's a contract, they had to file it with the SEC. It's public if you're curious: https://d18rn0p25nwr6d.cloudfront.ne...3fc5e096e9.pdf
There are conditions that can cancel the contract, but "syke, nevermind!" isn't one of them.
I wouldn't say "ruse", but I think it fair to question Musk's intention throughout this episode. Is it about free speech? Quick buck? Slow buck? At the end, it doesn't really matter as it is (mostly) his money, but he does need to follow the rules (which he hasn't when it comes to disclosures and the SEC) and one would hope he is taking this seriously, but for him the $1B break-up free maybe isn't a big deal.
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From HFBoard oiler fan, in analyzing MacT's management:
O.K. there has been a lot of talk on whether or not MacTavish has actually done a good job for us, most fans on this board are very basic in their analysis and I feel would change their opinion entirely if the team was successful.
Frankly I don't think he had any intention than wanting to flex a bit (combined with some ego believing that if HE was in control Twitter would work so much better), and now suffering from buyer's remorse.
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Kind of a weird ruse. Twitter isn't sending him all this information or freezing hiring on a "because he promised". There's a contract, they had to file it with the SEC. It's public if you're curious: https://d18rn0p25nwr6d.cloudfront.ne...3fc5e096e9.pdf
There are conditions that can cancel the contract, but "syke, nevermind!" isn't one of them.
If Musk is willing to pay the $1B termination fee, what conditions are there? There are lots of conditions if he wants to get out without paying that, but as far as I can tell, he can just opt not to close the deal and the only penalty is the $1B (and perhaps the SEC would go after him if they had evidence that this was all a plan).
If Musk is willing to pay the $1B termination fee, what conditions are there? There are lots of conditions if he wants to get out without paying that, but as far as I can tell, he can just opt not to close the deal and the only penalty is the $1B (and perhaps the SEC would go after him if they had evidence that this was all a plan).
The other penalty is a bit less direct, but it's gotta be a major hit to his credibility. He lined up a bunch of investors and banks in the first few days to fund this. Would you trust him next go around? Plus the public is souring on him a bit, and Tesla investors clearly didn't like it.
The other penalty is a bit less direct, but it's gotta be a major hit to his credibility. He lined up a bunch of investors and banks in the first few days to fund this. Would you trust him next go around? Plus the public is souring on him a bit, and Tesla investors clearly didn't like it.
Ah.. he's mega rich. They'll all get over it in no time.
Looking for excuses to reduce the acquisition cost or get out of the deal. As said above this was an ego flex and now he's getting cold feet. Apparently even for rich men like Elon it's not easy to get out of signed agreements so this could get interesting.
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Here come the lawsuits. I imagine Twitter will ask for more than $1b and Musk is trying to show the filings on spam accounts were invalid so he can get out scot free.
As much as I don’t like Musk, he’s screwing over a lot of the guys who play dirty games behind the scenes. I’ve got no skin in this game (Twitter or Tesla) so from an outsider standpoint I do kinda laugh. Time and time again we’re shown that the big guys always come out on top, and that the market can be manipulated. This is just another point to drive that home.
As much as I don’t like Musk, he’s screwing over a lot of the guys who play dirty games behind the scenes. I’ve got no skin in this game (Twitter or Tesla) so from an outsider standpoint I do kinda laugh. Time and time again we’re shown that the big guys always come out on top, and that the market can be manipulated. This is just another point to drive that home.
I’m still bitter about cbdt being pumped on here.
How is Musk winning in this? He's just got buyer's remorse and trying to get out of the deal without paying the $1b breakup fee.
This all feels like a big ruse by Elon to lay a big smackdown on Twitter, seems like a simple plan in retrospect:
1. Offer to buy Twitter, initiating a stock bump that will obligate them to sell.
2. As part of deal, perform audit on twitter, forcing them to publically air all their dirty laundry.
3. Profit??? Tough to guess his end goal, I'd say he saw Twitters constant expansion and bias of their censorship programs would eventually create conflict with him and his plans.
It's getting hard to think that he was that serious about buying twitter. Twitter's bias and number inflating are poorly kept secrets and I doubt Elon is overly surprised by anything being revealed. I did hear that he'd take on $1B penalty for backing out, but I can't say how it'd actually play out. Maybe smacking down Twitter is worth $1B to him?
Wait, wasn't one of the reasons Musk stated he was buying it, was to get rid of the spam accounts? So he's finding out there's a lot of them and now doesn't want it?
