Started By
Message

re: Musk Terminating Twitter Deal

Posted on 7/8/22 at 5:05 pm to
Posted by Oilfieldbiology
Member since Nov 2016
42503 posts
Posted on 7/8/22 at 5:05 pm to
Why is this case being heard in Delaware?
Posted by SCLibertarian
Conway, South Carolina
Member since Aug 2013
42507 posts
Posted on 7/8/22 at 5:07 pm to
Delaware is the state of incorporation for many large companies.
Posted by Oilfieldbiology
Member since Nov 2016
42503 posts
Posted on 7/8/22 at 5:09 pm to
Interesting. Seems like Twitter is trying to reduce their tax burdens.
This post was edited on 7/8/22 at 5:09 pm
Posted by Big EZ Tiger
Member since Jul 2010
26865 posts
Posted on 7/8/22 at 5:09 pm to
quote:

twitter is full of bots, that's why it's falling apart

Seemingly liberal people often call me a bot when I disagree with them or make fun of something. I guess I'm to blame.
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
75879 posts
Posted on 7/8/22 at 5:10 pm to
quote:

Interesting.


You'd be surprised how many corporations incorporate in Delaware but have nothing more than a PO Box in the state. In fact, it's most large corporations.
Posted by Decatur
Member since Mar 2007
32905 posts
Posted on 7/8/22 at 5:11 pm to
quote:

Why is this case being heard in Delaware?


Choice of venue in the merger agreement I believe.
Posted by MattA
Member since Nov 2019
2021 posts
Posted on 7/8/22 at 5:12 pm to
Just looked at their stock. After hours already down around 7%. This could could get bumpy.
Posted by OMLandshark
Member since Apr 2009
120445 posts
Posted on 7/8/22 at 5:12 pm to
(no message)
This post was edited on 6/16/26 at 8:56 pm
Posted by BuckyCheese
Member since Jan 2015
57778 posts
Posted on 7/8/22 at 5:12 pm to
quote:

You'd be surprised how many corporations incorporate in Delaware but have nothing more than a PO Box in the state. In fact, it's most large corporations.


At one time Union Pacific was incorporated in Delaware while not having rails west of Omaha.
Posted by Oilfieldbiology
Member since Nov 2016
42503 posts
Posted on 7/8/22 at 5:14 pm to
I am aware that a lot of credit card companies are incorporated in Delaware
Posted by lsuconnman
Baton rouge
Member since Feb 2007
5420 posts
Posted on 7/8/22 at 5:16 pm to
(no message)
This post was edited on 2/2/24 at 8:21 am
Posted by Bobby OG Johnson
Member since Apr 2015
33889 posts
Posted on 7/8/22 at 5:17 pm to
quote:

Just looked at their stock. After hours already down around 7%. This could could get bumpy.

Posted by OweO
Plaquemine, La
Member since Sep 2009
122401 posts
Posted on 7/8/22 at 5:17 pm to
As soon as there was a stall in the deal I thought it wasn't going to ever happen especially when he was requesting information to determine how many accounts were bots.

I would assume that's a number they would only be able to estimate.

Between all of the "political consultant" companies that have farms to create and grow accounts used to get topics trending and to spread whatever narrative they are pushing, the number of the general population who have more than one account and anyone else in any other industry who has many acccounts they used to help them get topics trending, it would be very difficult to determine, one by one, which accounts are legit and which ones are total bullshite.

Twitter has 397 million users. If I had to guess, I'd say about 175 million of those accounts are legit, accounts
Posted by ell_13
Member since Apr 2013
88186 posts
Posted on 7/8/22 at 5:19 pm to
Did you read the full filing? He goes into detail about Twitter lying and reducing his ability to query their databases. It’s pretty fascinating and he’s certainly in the right to force the issue here. Twitter suing (which he knew would happen) is going to drag this out and eventually lower the price either with a new deal or arbitration. No one… not a single analyst or major investment bank think $54 is a fair price after all that has happened.
Posted by OMLandshark
Member since Apr 2009
120445 posts
Posted on 7/8/22 at 5:20 pm to
(no message)
This post was edited on 6/16/26 at 8:56 pm
Posted by TackySweater
Member since Dec 2020
24650 posts
Posted on 7/8/22 at 5:21 pm to
quote:

To some hillbilly living in a trailer out in the sticks, its very possible that electric cars, space travel, and Paypal seem like snake oil.


Ok well that’s on them for being ignorant of reality.
Posted by SCLibertarian
Conway, South Carolina
Member since Aug 2013
42507 posts
Posted on 7/8/22 at 5:22 pm to
quote:

Choice of venue in the merger agreement I believe.

Yep. I believe the Chancery Court in Delaware is the largest docket in this country for business lawsuits. Makes sense too. You don't want a judge who's a former prosecutor in a random state or federal jurisdiction hearing this case with no business law experience whatsoever.
Posted by AlextheBodacious
Member since Oct 2020
3979 posts
Posted on 7/8/22 at 5:23 pm to
quote:

Musk is playing 3-D chess with these idiots

Posted by BayouBlitz
Member since Aug 2007
18126 posts
Posted on 7/8/22 at 5:23 pm to
Once Tesla stock tanked, he was never going to make the deal.
Posted by pankReb
Defending National Champs Fan
Member since Mar 2009
73284 posts
Posted on 7/8/22 at 5:25 pm to
I was told very specifically that Elon buying Twitter is a direct threat to our democracy.

Those aren't my words. Those were the words spoken by politicians and members of the media.

But now they're celebrating Twitter suing Elon so that he buys them?
first pageprev pagePage 3 of 7Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram