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Twitter sues Elon Musk for violating $44 BLN merger agreement
Posted on 7/12/22 at 4:20 pm
Posted on 7/12/22 at 4:20 pm
quote:
First Squawk
@FirstSquawk
TWITTER SUES ELON MUSK IN DELAWARE COURT FOR VIOLATING $44 BLN MERGER AGREEMENT
TWITTER SEEKS COURT ORDER FORCING MUSK TO CLOSE ACQUISITION AT $54.20 PER TWITTER SHARE
TWITTER FLAT IN EXTENDED TRADE AFTER CO SUES ELON MUSK OVER MERGER DEAL
4:03 PM · Jul 12, 2022
https://mobile.twitter.com/FirstSquawk/status/1546963574769459200
19
Posted on 7/12/22 at 4:20 pm to Bobby OG Johnson
You can sue anyone. It doesn’t mean you’ll collect.
Posted on 7/12/22 at 4:21 pm to Bobby OG Johnson
Go for it. Discovery is going to be fun 
Posted on 7/12/22 at 4:23 pm to Bobby OG Johnson
Posted on 7/12/22 at 4:24 pm to Bobby OG Johnson
Musk will show they couldn’t/wouldn’t give him the data he requested in order to properly evaluate the company.
Posted on 7/12/22 at 4:24 pm to Bobby OG Johnson
Better have that bot % documentation ready for the date when you sent it to Elon…..not what it is today…..
Twitter about to get pushed in
Twitter about to get pushed in
Posted on 7/12/22 at 4:24 pm to Lightning
They will have to reveal the actual number of real accounts vs. bots. Elon allowed them to get painted into a corner. He wins either way 
Posted on 7/12/22 at 4:25 pm to Iron Lion
quote:
They will have to reveal the actual number of real accounts vs. bots. Elon allowed them to get painted into a corner. He wins either way
He walked them right into a trap.
Posted on 7/12/22 at 4:26 pm to Bobby OG Johnson
Posted on 7/12/22 at 4:26 pm to Bobby OG Johnson
Twitter was fricked from the day Elon expressed interest. I enjoy twitter but will also enjoy it if they burn themselves to the ground.
I'm sure since Elon has vocalized his voting preference going forward, some government entity will move to protect Twitter and force his hand. I guess time will tell
I'm sure since Elon has vocalized his voting preference going forward, some government entity will move to protect Twitter and force his hand. I guess time will tell
Posted on 7/12/22 at 4:27 pm to IT_Dawg
quote:
Better have that bot % documentation ready for the date when you sent it to Elon…..not what it is today…..
Twitter about to get pushed in
Can you imagine being the individual (or tiger-team) responsible for magically coming up with the documentation needed to hit that 4.9% number?
Their life must suck beyond all sucking.
Posted on 7/12/22 at 4:30 pm to rebeloke
quote:
Musk will show they couldn’t/wouldn’t give him the data he requested in order to properly evaluate the company.
I’m not sure he has a particularly strong case for this. I think they settle out of court and he gets a discounted price.
Posted on 7/12/22 at 4:32 pm to Bobby OG Johnson
It will probably be 5-10 years before this is resolved.
By that time Twitter will probably be dead or significantly weaker. Especially with the woke backlash.
By that time Twitter will probably be dead or significantly weaker. Especially with the woke backlash.
Posted on 7/12/22 at 4:34 pm to Bobby OG Johnson
All but guarantees that Twitter will have to publicize their bot counts now. 
Posted on 7/12/22 at 4:35 pm to chili pup
quote:Holy shite. How did Twitter’s lawyers not see this coming!? Every baw on this board knew the Musk game plan but their lawyers didn’t see it coming! Suck it Twitter bots.
He walked them right into a trap.
Posted on 7/12/22 at 4:36 pm to gatorrocks
I’m still loving the fact that no matter what Musk does, Twitter and its employees are flipping their shite.
Musk offers a buyout? Rage.
Musk withdraws offer? Rage.
Musk gets a case of diet soda? Rage.
Musk offers a buyout? Rage.
Musk withdraws offer? Rage.
Musk gets a case of diet soda? Rage.
Posted on 7/12/22 at 4:36 pm to captainFid
quote:
Can you imagine being the individual (or tiger-team) responsible for magically coming up with the documentation needed to hit that 4.9% number?
How would that work exactly? Genuinely curious. Would they have done some type of time stamped snapshot of the user database or something
Seems like it’d be insanely complicated for either side to use to their benefit
But then again I know literally nothing about what I’m asking
Posted on 7/12/22 at 4:38 pm to Bobby OG Johnson
Wait, I thought twitter employees said they won?
Libs rejoiced all over twitter for their victory.
Libs rejoiced all over twitter for their victory.
Posted on 7/12/22 at 4:40 pm to Monday
quote:
I enjoy twitter
Not at all. = didn't join until Musk started this up.
Now I want them destroyed - or else have Musk turn it into what it should be = an open forum for political discussion.
Posted on 7/12/22 at 4:40 pm to Ross
quote:
I’m not sure he has a particularly strong case for this. I think they settle out of court and he gets a discounted price.
How do you figure?
Musk made the offer based on the company information that Twitter reported. The user count is a significant portion of the value of the company, if that count includes a hefty chunk of bots rather than real users, the company has less value. Twitter has been reporting that user count to SEC (defrauding shareholders if it's false) and advertisers.
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