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Started By
Message
re: Twitter sues Elon Musk for violating $44 BLN merger agreement
Posted on 7/12/22 at 4:45 pm to Bobby OG Johnson
Posted on 7/12/22 at 4:45 pm to Bobby OG Johnson
quote:
First Squawk
More like Last Squawk
0
Posted on 7/12/22 at 4:49 pm to Ross
quote:
I’m not sure he has a particularly strong case for this.
and you are an idiot
the purchase agreement requires they provide the bot data with proof of real accounts vs bot accounts to verify the companies value.
they refused to do this, refusing voided the deal by their own actions, elon doesnt have to buy it or pay any penalty because they voided the terms of the agreement
if they sue, in order to sue they must prove in open court for the whole world to see, all the bot data with proof of real accounts vs bot accounts to verify the companies value. if they do this, they prove they have broken several laws and many twitter twats are going to jail. providing that info will also force them to revalue the company based on the accurate info which means twitter will be valued for sale at around $25 a share or less then have of elons original offer price.
if they dont provide the bot data with proof of real accounts vs bot accounts to verify the companies value, they lose.
there is no way elons can lose here, they are damned if they do damned if they dont. they will be going to jail over this and twitter will be revalued at less then half its worth no matter if elon buys it or not
Posted on 7/12/22 at 4:49 pm to Lightning
quote:
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.
Musk is saying you can't trust their numbers...
Posted on 7/12/22 at 4:50 pm to Bobby OG Johnson
Delaware eh? Same place Hunter is immune and knows everyone.
Posted on 7/12/22 at 4:51 pm to au4you
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.
This is how the left thinks. They work off a right now (Today) mentality rather about a tomorrow mentality.
Posted on 7/12/22 at 4:51 pm to Bobby OG Johnson
Woof this complaint makes Musk look like a dumbass.
Posted on 7/12/22 at 4:57 pm to AUMIS01
quote:Those stupid lawyers! They stepped in it now!
All but guarantees that Twitter will have to publicize their bot counts now.
Posted on 7/12/22 at 4:59 pm to chili pup
quote:This isn’t left vs right. This is a highly paid legal battle with very skilled lawyers protecting the interests of their clients.
This is how the left thinks. They work off a right now (Today) mentality rather about a tomorrow mentality.
Posted on 7/12/22 at 5:02 pm to momentoftruth87
quote:If you don’t know the reason why this was suit was filed in Delaware, you might want to find a coloring book to keep you busy.
Delaware eh? Same place Hunter is immune and knows everyone.
Posted on 7/12/22 at 5:04 pm to Decatur
quote:And we alll know those things are always unbiased and completely factual.
Woof this complaint makes Musk look like a dumbass.
Posted on 7/12/22 at 5:05 pm to Taxing Authority
They did it by cropping his tweets into the complaint.
Posted on 7/12/22 at 5:06 pm to au4you
I’m aware my first comment was a joke (over your head apparently)
Posted on 7/12/22 at 5:09 pm to keakar
quote:The purchase agreement was written to exclude any due diligence. This was a rash decision by Musk and he got burned. He will either buy with a minor (5%?) discount or pay $10 billion to walk away.
the purchase agreement requires they provide the bot data with proof of real accounts vs bot accounts to verify the companies value.
Posted on 7/12/22 at 5:10 pm to momentoftruth87
quote:Tough to distinguish these days with the morons that post here.
I’m aware my first comment was a joke (over your head apparently)
Posted on 7/12/22 at 5:11 pm to au4you
You have 1990 posts in 12 years….
Posted on 7/12/22 at 5:20 pm to mmcgrath
quote:Indeed. But presumably Musk made his decision based on public declarations and affirmations TWTR made in it's SEC financial statements that were clearly incorrect after the offer was made. Perfectly reasonable to think those were correct, and to base the offer on those affirmations.
The purchase agreement was written to exclude any due diligence.
Not unlike putting a piece of property that was advertised as 5 acres. But on survey says it's 4.25. The misrepresentation is a problem because the subject purchase isn't what the offer was made on. That's not the same as "due diligence".
This post was edited on 7/12/22 at 5:21 pm
Posted on 7/12/22 at 5:21 pm to momentoftruth87
quote:Damn right baby
You have 1990 posts in 12 years
Posted on 7/12/22 at 5:24 pm to au4you
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.
They have to file suit. What are they going to tell their investors, “hey, Musk decided to back out of his purchase at $54.20 a share and we just let him do it?”
Posted on 7/12/22 at 5:27 pm to keakar
quote:
the purchase agreement requires they provide the bot data with proof of real accounts vs bot accounts
Interesting…can you copy pasta that?
Posted on 7/12/22 at 5:29 pm to au4you
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.
Just remember that the lawyers get paid whether they win or lose. Do they really care?
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