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re: Twitter is pursuing legal action to enforce Elon’s merger agreement. LOL
Posted on 7/8/22 at 10:23 pm to supatigah
Posted on 7/8/22 at 10:23 pm to supatigah
He waived business due diligence…it’s in the proxy, which he signed off, and the agreement has no due diligence provisions. It’s why this is going to court.
2
Posted on 7/8/22 at 10:31 pm to cwill
quote:
He waived business due diligence…it’s in the proxy, which he signed off, and the agreement has no due diligence provisions. It’s why this is going to court.
You called it. It’s going to come down to whether they made material misrepresentations during negotiations. If they did. No billion dollars. The only way to prove that is to get the info they have been withholding.
Posted on 7/8/22 at 10:33 pm to cwill
1. If they take him to court they will lose on discovery as they would then be sued for so many bots and false data to adverisers. Would expose them to tons of liability (and likely show some leftists in Gov positions fund or dictate some twitter conservative bans).
2. If they don’t take him to court then it solidifies their crooked bots theory as any clean company would sue. Stock goes down, and they still might get sued by shareholders.
My guess is they negotiate a much reduced valuation and then he buys it. For Twitter to survive long term they have to make this deal happen. Else adverisers will possibly lose trust or even sue them.
If it does not go thru then other platforms will shoot up. Imagine if Elon put $44b in Gab. It would pass Twit in no time.
2. If they don’t take him to court then it solidifies their crooked bots theory as any clean company would sue. Stock goes down, and they still might get sued by shareholders.
My guess is they negotiate a much reduced valuation and then he buys it. For Twitter to survive long term they have to make this deal happen. Else adverisers will possibly lose trust or even sue them.
If it does not go thru then other platforms will shoot up. Imagine if Elon put $44b in Gab. It would pass Twit in no time.
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