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Elon Musk Formally Notifies Twitter of His Intent to Cancel His Purchase of the Company
We just got a warning of this yesterday:
Elon Musk may soon walk away from his $44 billion agreement to buy Twitter because he believes he does not have enough information to determine the level of fake accounts, according to published reports Thursday. The world's richest man claims Twitter's spam accounts are not verifiable, the Washington Post reported, even after the social media giant in early June gave in to Musk's demands to provide info on hundreds of millions of daily tweets.Musk has made it clear he believes the economy is tanking. He's trimming his own revenue-producing businesses. An article I linked some weeks ago made a persuasive case that all the tech companies that don't make any money have been kept alive only by constant re-infusions of capital -- new loans, basically -- and the cost of loans is becoming too expensive to keep doing this. So many of these companies are going to "disintegrate," as that article said. A company like twitter will probably survive, but its value might be cut in half, or worse. And Musk came in and offered more than its market value, pre-recession. Pre-disintegration. I think all of his squawking about bots is his way of trying to connive some kind of legal justification to get out of a bad deal, or at least pressure Twitter's board into giving him a steep discount on this loser company's price. I don't think this will work, though.
Billionaire Elon Musk wants to end his deal to buy Twitter, according to a letter sent by a lawyer on his behalf to the company's chief legal officer Friday. In the letter, disclosed in a Securities and Exchange Commission filing, Skadden Arps attorney Mike Ringler charged that "Twitter has not complied with its contractual obligations." Ringler claimed that Twitter did not provide Musk with relevant business information he requested, as Ringler said the contract would require. Musk has previously said he wanted to assess Twitter's claims that about 5% of its monetizable daily active users (mDAUs) are spam accounts. "Twitter has failed or refused to provide this information," Ringler claimed. "Sometimes Twitter has ignored Mr. Musk's requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information."If Musk walks away without some kind of legal justification he can blame on Twitter, he'll owe one billion dollars in a walk-away penalty. Does Musk really think he can get left-leaning judges to agree with him? Musk gave the leftwing another nervous breakdown by threatening their stranglehold on speech and threatening to delete their power of censorship. They will be out to teach him a lesson. And to make an example for anyone else who considers challenging the Ruling Class. Here's the thing: I think he'd rather a billion dollars that than be saddled with the full $44 billion cost of Twitter. Plus the yearly costs to maintain an unprofitable moneysuck. It's too bad that we won't have free speech in this country, and we'll continue to have Conservative, Inc. fighting against free speech on behalf of their tech monopolist paymasters. I had hoped... that maybe Twitter would just walk away -- they wanted to keep their leftwing censorship machine in leftwing hands, anyway -- but now they do have some shareholders to consider:
Bret Taylor
@btaylor The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.
Comments
(Jump to bottom of comments)1
No!
Posted by: Commissar of Plenty of BAD TRUMPY MANS! at July 08, 2022 06:07 PM (pbX1I)
2
Yes
Posted by: Commissar of Plenty of BAD TRUMPY MANS! at July 08, 2022 06:07 PM (pbX1I)
3
I'm disappointed.
Looks like conservatives get to sit at the back of the bus.
Looks like conservatives get to sit at the back of the bus.
Posted by: redridinghood at July 08, 2022 06:08 PM (NpAcC)
4
Maybe.
Posted by: bear with asymmetrical balls at July 08, 2022 06:09 PM (KFhLj)
5
There are a lot of firms in this zombie conditions. They're continuing as "going concerns" only because of cheap interest rates. We've been in a long period of secularly declining interest rates.
Borrow a bazillion dollars. What do you do with it? Nothing but fake bullshit. How do you manage the debt service? Rolling it over into declining interest rates.
Now, when interest rates start rising, a period of secularly increasing rates, the party is over. You die.
There are a lot of firms in this zombie conditions. They're continuing as "going concerns" only because of cheap interest rates. We've been in a long period of secularly declining interest rates.
Borrow a bazillion dollars. What do you do with it? Nothing but fake bullshit. How do you manage the debt service? Rolling it over into declining interest rates.
Now, when interest rates start rising, a period of secularly increasing rates, the party is over. You die.
Posted by: publius, Rascally Rapscallion (Mzdiz) at July 08, 2022 06:09 PM (Mzdiz)
6
Get out Now. It is a trap and while twitter will hang on. It will be pulled down by its own weight.
Posted by: Picric at July 08, 2022 06:09 PM (13tTk)
Posted by: REDACTED at July 08, 2022 06:10 PM (us2H3)
8
Aways about the money.
Aways about the money.
Posted by: Nicky Santoro at July 08, 2022 06:10 PM (t6XCL)
9
MySpace loves company.
Posted by: Just Lily at July 08, 2022 06:10 PM (RLLZj)
10
All the Blue Checks and nevertrumpers just burped in their Merlots and dirty martinis.
Posted by: Marcus T at July 08, 2022 06:10 PM (LjX+p)
11
Does Musk really think he can get left-leaning judges to agree with him?
Which judges are in a position to hear this? Once he's in court, doesn't he get discovery on all the stuff he claims they weren't sharing? Which then inevitably become public knowledge?
Which judges are in a position to hear this? Once he's in court, doesn't he get discovery on all the stuff he claims they weren't sharing? Which then inevitably become public knowledge?
Posted by: Methos at July 08, 2022 06:11 PM (kOpft)
12
Has David French declared it's a "great day for democracy" yet?
Posted by: Marcus T at July 08, 2022 06:11 PM (LjX+p)
13
If Twitter "wins" the lawsuit, look out. Musk will own the tar baby and the screams from Twitter employees will reach the heavens.
Posted by: Revenant at July 08, 2022 06:11 PM (cOGHc)
Posted by: REDACTED at July 08, 2022 06:12 PM (us2H3)
15
Here's the thing: I think he'd rather a billion dollars that than be saddled with the full $44 billion cost of Twitter.
If the share prices of unprofitable tech companies are about to tank, a billion is chickenfeed to get out of a $44 billion acquisition.
Does Musk really think he can get left-leaning judges to agree with him?
Trump appointed a lot of judges. Besides, if what Musk says is correct, Twitter has been lying through its teeth on its SEC filings. That tends to get you in trouble.
If the share prices of unprofitable tech companies are about to tank, a billion is chickenfeed to get out of a $44 billion acquisition.
Does Musk really think he can get left-leaning judges to agree with him?
Trump appointed a lot of judges. Besides, if what Musk says is correct, Twitter has been lying through its teeth on its SEC filings. That tends to get you in trouble.
Posted by: The ARC of History! at July 08, 2022 06:12 PM (I2/tG)
16
If I was as rich as Musk, I would cause all this churn for the fun of it. $1 billion can be recouped elsewhere, but the joy of destroying Twitter can't be bought elsewhere.
Posted by: She Hobbit at July 08, 2022 06:12 PM (ftFVW)
17
I can see Ace swooping in and picking this up for $20 billion, maybe $25 billion, tops.
Posted by: Weasel at July 08, 2022 06:12 PM (0IeYL)
18
Which judges are in a position to hear this? Once he's in court, doesn't he get discovery on all the stuff he claims they weren't sharing? Which then inevitably become public knowledge?
Posted by: Methos at July 08, 2022 06:11 PM (kOpft)
--
He'll be in Delaware Chancery court. Very business-savvy court, but, well, Delaware.
Posted by: Methos at July 08, 2022 06:11 PM (kOpft)
--
He'll be in Delaware Chancery court. Very business-savvy court, but, well, Delaware.
Posted by: Revenant at July 08, 2022 06:13 PM (cOGHc)
19
long faced ace.
Posted by: Aetius451AD Johnson Work Laptop at July 08, 2022 06:13 PM (diceA)
20
>>>An article I linked some weeks ago made a persuasive case that all the tech companies that don't make any money have been kept alive only by constant re-infusions of capital -- new loans, basically -- and the cost of loans is becoming too expensive to keep doing this.
Zombie Companies. Unemployment is about to skyrocket.
Zombie Companies. Unemployment is about to skyrocket.
Posted by: In Reel Life (yes, dummy, on purpose) at July 08, 2022 06:13 PM (QYPq3)
21
Not on Twatter, but I'm still disappoint this looks like it's not going to happen. If for no other reason than the communist left losing its grip on censorship against the right. Guess it was too good to be true.
Posted by: Lady in Black at July 08, 2022 06:13 PM (sVtYq)
22
>>>I think all of his squawking about bots is his way of trying to connive some kind of legal justification to get out of a bad deal, or at least pressure Twitter's board into giving him a steep discount on this loser company's price.
He's smart, and he's a disruptor (wrecker/saboteur, if you will). I would not be surprised if this action was at least in the back of his mind - expose Potemkin Twitter and walk away with at worst $1B lighter - from the outset, while causing lefty grief and potentially exposing the board to director liability, in the name of free speech.
He's smart, and he's a disruptor (wrecker/saboteur, if you will). I would not be surprised if this action was at least in the back of his mind - expose Potemkin Twitter and walk away with at worst $1B lighter - from the outset, while causing lefty grief and potentially exposing the board to director liability, in the name of free speech.
Posted by: Comrade flounder, wrecker, hoarder, saboteur at July 08, 2022 06:13 PM (nByzo)
23
Spend $1 billion today. Musk wouldn't even miss a billion any more than you'd miss a dime.
In about 3 months, Twitter will be worth a quarter of what Musk offered.
He can always buy it when it goes on sale.
In about 3 months, Twitter will be worth a quarter of what Musk offered.
He can always buy it when it goes on sale.
Posted by: JamesTCarville at July 08, 2022 06:14 PM (2yPp9)
24
Musk, at least in the short term, trashed Twitrage's reputation. This is excellent. Of course with Musk pulling out of the deal means Twitrage is going to go right back to being 100% a Democrat party organ.
Posted by: Lost In Space at July 08, 2022 06:14 PM (mOs5Q)
25
Kinda funny how the pursuit for free speech quickly got trumped by a half billion dollars. I'm not saying Musk lacks integrity. Maybe virtue, though.
Posted by: Marcus T at July 08, 2022 06:14 PM (LjX+p)
26
Only his voice told me that was a mustacheless Ron Swanson.
Posted by: All Hail Eris, Analog Hipster at July 08, 2022 06:15 PM (Dc2NZ)
27
I dunno, I suspect that twitter is quite happy to operate at a loss, simply because they see it as ace said: a cultural lynchpin of censorship. There will always be mysterious people who will pour money into the platform so all the blue haired Red Guard will never have to go actually find a job.
Posted by: Aetius451AD Johnson Work Laptop at July 08, 2022 06:15 PM (diceA)
28
Discovery is not always public. Lawyers can often squelch that by producing subject to a confidentiality order, designed to protect trade secrets, proprietary information, sensitive business information.
Posted by: bear with asymmetrical balls at July 08, 2022 06:16 PM (KFhLj)
29
Only Twitter can give us free speech.
Shame I'm not gay enough to go to a website called "twitter".
Shame I'm not gay enough to go to a website called "twitter".
Posted by: Bandana Dee at July 08, 2022 06:16 PM (ykEK3)
30
I can see Ace swooping in and picking this up for $20 billion, maybe $25 billion, tops.
Posted by: Weasel
Make it happen! Hit the tip jar!
Posted by: Weasel
Make it happen! Hit the tip jar!
Posted by: mikeski at July 08, 2022 06:16 PM (P1f+c)
31
I am always amazed that big brained dudes like Elon can play with something like Twitter and bounce his nutsack off of their tonsils and after it all shakes out they will end up paying him.
The man has enlarged my mind.
The man has enlarged my mind.
Posted by: Hairyback Guy at July 08, 2022 06:16 PM (R/m4+)
32
I can see Ace swooping in and picking this up for $20 billion, maybe $25 billion, tops.
Posted by: Weasel at July 08, 2022 06:12 PM (0IeYL)
I offer the princely sum of 1 USD dollar.
Posted by: Weasel at July 08, 2022 06:12 PM (0IeYL)
I offer the princely sum of 1 USD dollar.
Posted by: Comrade flounder, wrecker, hoarder, saboteur at July 08, 2022 06:17 PM (nByzo)
33
Hopefully they'll have shareholder lawsuits for years for blowing this big payday.
Posted by: Eternity Matters at July 08, 2022 06:17 PM (MTm8X)
34
Musk aint no ways thru with trashing twitter
Posted by: REDACTED at July 08, 2022 06:18 PM (us2H3)
35
Daily Kos is spinning Musk bailing on buying Twitrage as "Twitter is saved as Elon Musk files to pull out of Twitter deal"
Saved. *snort* that is funny. And just like that the purple hair lesbians will have a safe space to bitch about not being able to get an abortion in Mississippi.
Saved. *snort* that is funny. And just like that the purple hair lesbians will have a safe space to bitch about not being able to get an abortion in Mississippi.
Posted by: Lost In Space at July 08, 2022 06:19 PM (mOs5Q)
36
Ace can call his service Crüel
Posted by: All Hail Eris, Analog Hipster at July 08, 2022 06:19 PM (Dc2NZ)
37
So The Babylon Bee won't be back on Twitter.
Posted by: Mark1971 at July 08, 2022 06:19 PM (xPl2J)
38
Twitter was at about $70/share about a year ago. And then GETTR. I think when Elon made his initial offer it was at about $38.
Posted by: Blutarski, Gradually then Suddenly at July 08, 2022 06:19 PM (PYJJG)
Posted by: REDACTED at July 08, 2022 06:19 PM (us2H3)
40
Musk would rather be one billion poorer than twenty billion poorer. Makes perfect economic sense.
Now, if CA could see the wisdom in shutting down their stupid rail project and take the loss....
Now, if CA could see the wisdom in shutting down their stupid rail project and take the loss....
Posted by: blake - semi lurker in marginal standing (5pTK/) at July 08, 2022 06:19 PM (5pTK/)
41
>>>An article I linked some weeks ago made a persuasive case that all the tech companies that don't make any money have been kept alive only by constant re-infusions of capital -- new loans, basically -- and the cost of loans is becoming too expensive to keep doing this.
*avoids eye contact*
*avoids eye contact*
Posted by: Netflix at July 08, 2022 06:19 PM (EDtFE)
42
27 I dunno, I suspect that twitter is quite happy to operate at a loss, simply because they see it as ace said: a cultural lynchpin of censorship. There will always be mysterious people who will pour money into the platform so all the blue haired Red Guard will never have to go actually find a job.
Posted by: Aetius451AD Johnson Work Laptop at July 08, 2022 06:15 PM (diceA)
That would work if it was privately owned, like many media companies. But Twitter is publicly traded, and they have apparently been pumping out false financial information to unsuspecting investors. That's a big no no.
Posted by: Aetius451AD Johnson Work Laptop at July 08, 2022 06:15 PM (diceA)
That would work if it was privately owned, like many media companies. But Twitter is publicly traded, and they have apparently been pumping out false financial information to unsuspecting investors. That's a big no no.
Posted by: Tom Servo at July 08, 2022 06:20 PM (trdmm)
43
>>> Only his voice told me that was a mustacheless Ron Swanson.
Posted by: All Hail Eris, Analog Hipster at July 08, 2022 06:15 PM (Dc2NZ)
Yep. He's also the voice for Axe Cop.
Posted by: All Hail Eris, Analog Hipster at July 08, 2022 06:15 PM (Dc2NZ)
Yep. He's also the voice for Axe Cop.
Posted by: banana Dream at July 08, 2022 06:20 PM (0fVbu)
44
I can just imagine ace on the offer
"at this time, I'm shelving the deal"
hahahahahha
Posted by: REDACTED at July 08, 2022 06:19 PM (us2H3)
Darth Musk: I am altering the deal. Pray that I don't alter it further.
"at this time, I'm shelving the deal"
hahahahahha
Posted by: REDACTED at July 08, 2022 06:19 PM (us2H3)
Darth Musk: I am altering the deal. Pray that I don't alter it further.
Posted by: Comrade flounder, wrecker, hoarder, saboteur at July 08, 2022 06:20 PM (nByzo)
45
Daily Kos still exists?
Posted by: In Reel Life (yes, dummy, on purpose) at July 08, 2022 06:20 PM (QYPq3)
46
It seems like anytime we get a ultra wealthy, conservative leaning person, we find they love their money more than their politics.
The Left NEVER seems to have this problem. They throw absurd amounts of money at their causes and never blink.
I am pissed Elon is walking away, there went our chance at free speech in this country. I guess Musk can have a little more cash for his hoes and bastard children.
The Left NEVER seems to have this problem. They throw absurd amounts of money at their causes and never blink.
I am pissed Elon is walking away, there went our chance at free speech in this country. I guess Musk can have a little more cash for his hoes and bastard children.
Posted by: Victory at July 08, 2022 06:20 PM (3dm+3)
47
>>Which judges are in a position to hear this? Once he's in court, doesn't he get discovery on all the stuff he claims they weren't sharing? Which then inevitably become public knowledge?
This is a business case between a Delaware corporation and a potential buyer. Sound like it's going to the Court of Chancery.
This is a business case between a Delaware corporation and a potential buyer. Sound like it's going to the Court of Chancery.
Posted by: JackStraw at July 08, 2022 06:20 PM (ZLI7S)
48
Denninger just wrote about this. It's Gentleman, start your lawyers time.
Musk (and Morgan Stanley, which is in this somehow) allege that twitter is in material breach of the agreement by making false and misleading statements, and failing to provide mDAU (number of real users) and even failing to provide budget data.
As Denniger put it, per the agreement, Twitter had to lift the kimono and show Musk. Musk says they didn't.
Denninger just wrote about this. It's Gentleman, start your lawyers time.
Musk (and Morgan Stanley, which is in this somehow) allege that twitter is in material breach of the agreement by making false and misleading statements, and failing to provide mDAU (number of real users) and even failing to provide budget data.
As Denniger put it, per the agreement, Twitter had to lift the kimono and show Musk. Musk says they didn't.
Posted by: publius, Rascally Rapscallion (Mzdiz) at July 08, 2022 06:20 PM (Mzdiz)
Posted by: The shell shocked soldier who thinks he's Ethel Merman. at July 08, 2022 06:21 PM (7DYli)
50
So The Babylon Bee won't be back on Twitter.
Posted by: Mark1971 at July 08, 2022 06:19 PM (xPl2J)
No need to go to the Twats. the Bee has a website and stuff.
Posted by: Mark1971 at July 08, 2022 06:19 PM (xPl2J)
No need to go to the Twats. the Bee has a website and stuff.
Posted by: Pug Mahon, Non-sequitur professional at July 08, 2022 06:21 PM (x8Wzq)
51
lolgf to any twitter employees who already quit in protest over the possibility that Musk was going to buy
Posted by: Hands at July 08, 2022 06:21 PM (786Ro)
52
That's a big no no.
Posted by: Tom Servo at July 08, 2022 06:20 PM (trdmm)
Dread Butt-Pirate Roberts: It's a tax!
Posted by: Tom Servo at July 08, 2022 06:20 PM (trdmm)
Dread Butt-Pirate Roberts: It's a tax!
Posted by: Comrade flounder, wrecker, hoarder, saboteur at July 08, 2022 06:21 PM (nByzo)
53
I am always amazed that big brained dudes like Elon can play with something like Twitter and bounce his nutsack off of their tonsils and after it all shakes out they will end up paying him.
Pro tip — don’t fuck with a multi-billionaire on the spectrum. They process information and assess risks differently than the private equity clique.
Pro tip — don’t fuck with a multi-billionaire on the spectrum. They process information and assess risks differently than the private equity clique.
Posted by: Squid at July 08, 2022 06:21 PM (qdTex)
54
I can see Ace swooping in and picking this up for $20 billion, maybe $25 billion, tops.
Posted by: Weasel at July 08, 2022 06:12 PM (0IeYL)
I offer the princely sum of 1 USD dollar.
Posted by: Comrade flounder, wrecker, hoarder, saboteur at July 08, 2022 06:17 PM (nByzo)
****
I'll offer 10,000 to start.
Posted by: Weasel at July 08, 2022 06:12 PM (0IeYL)
I offer the princely sum of 1 USD dollar.
Posted by: Comrade flounder, wrecker, hoarder, saboteur at July 08, 2022 06:17 PM (nByzo)
****
I'll offer 10,000 to start.
Posted by: redridinghood at July 08, 2022 06:22 PM (NpAcC)
55
As I said in the last thread, Twitter's share price peaked at $52 after Musk's offer. Today it closed at $36 and change. If the real numbers are as bad as Musk's team says they are, I would not be surprised to see it drop below $10. Which would mean that all the investors would be looking at an 80% loss over a very short period of time.
Posted by: Tom Servo at July 08, 2022 06:22 PM (trdmm)
56
Twitter lost $221M on revenue of $5B in 2021.
So an extra billion from Musk makes them profitable. For a year, anyway.
So an extra billion from Musk makes them profitable. For a year, anyway.
Posted by: mikeski at July 08, 2022 06:22 PM (P1f+c)
57
33 Hopefully they'll have shareholder lawsuits for years for blowing this big payday. Posted by: Eternity Matters
The Twitter board member, Bret Taylor, is saying Twitter is going to try and enforce the merger agreement. I guess we are about to find out who has better lawyers.
http://tiny.cc/cwctuz
The Twitter board member, Bret Taylor, is saying Twitter is going to try and enforce the merger agreement. I guess we are about to find out who has better lawyers.
http://tiny.cc/cwctuz
Posted by: Lost In Space at July 08, 2022 06:23 PM (mOs5Q)
58
The Left NEVER seems to have this problem. They throw absurd amounts of money at their causes and never blink.
Posted by: Victory at July 08, 2022 06:20 PM (3dm+3)
Leftist causes throw an absurd amount of money right back. It's win-win for leftists and their causes and lose for the rest of us.
Posted by: Victory at July 08, 2022 06:20 PM (3dm+3)
Leftist causes throw an absurd amount of money right back. It's win-win for leftists and their causes and lose for the rest of us.
Posted by: Emmie at July 08, 2022 06:23 PM (6RgRK)
59
>>>>In about 3 months, Twitter will be worth a quarter of what Musk offered.
That's what I thought but I think the moment Musk's threat is gone, Twitter will reorganize to have one of those two-tiered stock systems where only one tier of stocks has management control rights attached and those will be sold to friendly leftwing white knights
That's what I thought but I think the moment Musk's threat is gone, Twitter will reorganize to have one of those two-tiered stock systems where only one tier of stocks has management control rights attached and those will be sold to friendly leftwing white knights
Posted by: ace at July 08, 2022 06:23 PM (B3oWe)
60
This is far from over. Twit management fired a bunch of staff yesterday after they knew of Musks letter. I suspect this goes to court and either destroys twit or Musk gets a fire sale price.
Posted by: Thomas Paine at July 08, 2022 06:23 PM (YTOR6)
61
"They will be out to teach him a lesson. And to make an example for anyone else who considers challenging the Ruling Class."
yeah, if it is a case of corrupt BigTech/BigGov cartel (Ruling Class) control of markets and all humans ... yes, they and their corrupt judges might want to teach Musk (and the rest of us) a lesson.
But if there was blatant provable fraud, hard to say that BigGov is ready to go to court and be proven to be on the road to overthrowing the country. But indeed BigTech is part of the planned takeover (of all Liberty), so this would be a good showdown to be made in the public eye.
SEC would have to just all ignore the false legal statements from TWIT, if Musk really has theat proof, my guess is yes, they have been lying a lot. Or maybe serving the DeepState Beast is enough for immunity from all law, idk.
yeah, if it is a case of corrupt BigTech/BigGov cartel (Ruling Class) control of markets and all humans ... yes, they and their corrupt judges might want to teach Musk (and the rest of us) a lesson.
But if there was blatant provable fraud, hard to say that BigGov is ready to go to court and be proven to be on the road to overthrowing the country. But indeed BigTech is part of the planned takeover (of all Liberty), so this would be a good showdown to be made in the public eye.
SEC would have to just all ignore the false legal statements from TWIT, if Musk really has theat proof, my guess is yes, they have been lying a lot. Or maybe serving the DeepState Beast is enough for immunity from all law, idk.
Posted by: illiniwek at July 08, 2022 06:23 PM (Cus5s)
62
If I'm reading him right, Denninger thinks Musk in on a solid ground legally -- Twitter is in material breach of the lift the kimono part.
When the lawsuits fly, which they will, what's under the kimono will have to come out, one way or another.
If I'm reading him right, Denninger thinks Musk in on a solid ground legally -- Twitter is in material breach of the lift the kimono part.
When the lawsuits fly, which they will, what's under the kimono will have to come out, one way or another.
Posted by: publius, Rascally Rapscallion (Mzdiz) at July 08, 2022 06:23 PM (Mzdiz)
63
Which would mean that all the investors would be looking at an 80% loss over a very short period of time.
Posted by: Tom Servo at July 08, 2022 06:22 PM (trdmm)
Except for the Short positions. What's the GameStop crowd doing now in re: Twats.
Posted by: Tom Servo at July 08, 2022 06:22 PM (trdmm)
Except for the Short positions. What's the GameStop crowd doing now in re: Twats.
Posted by: Comrade flounder, wrecker, hoarder, saboteur at July 08, 2022 06:24 PM (nByzo)
64
Pro tip — don’t fuck with a multi-billionaire on the spectrum. They process information and assess risks differently than the private equity clique.
Posted by: Squid at July 08, 2022 06:21 PM (qdTex)
-----------
And they'll process that information much faster than an ordinary person.
Posted by: Squid at July 08, 2022 06:21 PM (qdTex)
-----------
And they'll process that information much faster than an ordinary person.
Posted by: blake - semi lurker in marginal standing (5pTK/) at July 08, 2022 06:24 PM (5pTK/)
65
With a billion dollar exit fee, that means you can pay to tie this up in court forever. Musk is not going to just hand over a billion cash until every legal option has been exhausted, and even then it's probably years after a judgement.
I do think though it will be purely dependent on whether the judge is a liberal or not, somehow these high profile cases the "right" judge is always found to make an example.
I do think though it will be purely dependent on whether the judge is a liberal or not, somehow these high profile cases the "right" judge is always found to make an example.
Posted by: Victory at July 08, 2022 06:24 PM (3dm+3)
66
I figured this would happen, I'm not sure why Musk wanted to spend so much on that thing. Twitter is not the future. The only people who drool over it are middle-aged leftist twits who have no life.
Younger people do not care about Twitter, which will probably be as relevant as MySpace sooner than later.
Younger people do not care about Twitter, which will probably be as relevant as MySpace sooner than later.
Posted by: Colonel Travis at July 08, 2022 06:24 PM (qpukd)
Posted by: Marcus T at July 08, 2022 06:24 PM (LjX+p)
68
I can see Ace swooping in and picking this up for $20 billion, maybe $25 billion, tops.
Posted by: Weasel
Two words: BAKE SALE
Posted by: Weasel
Two words: BAKE SALE
Posted by: Hands at July 08, 2022 06:25 PM (786Ro)
Posted by: April--dash my lace wigs! at July 08, 2022 06:25 PM (OX9vb)
70
Musk just saved himself 44 billion dollars! NO ONE will have a better weekend than him.
Posted by: Shooter McGavin at July 08, 2022 06:26 PM (T6Rpm)
71
Musk walking away tells others who own Twitter stock to dump.
Who knows, at the end of the year those who have been running Twitter might afford one latte at Starbucks.
And Musk might still buy the smoldering ruins of Twitter, he might get a Newsweek of a deal.
This would probably then go down in history as the Art of the Screw.
Who knows, at the end of the year those who have been running Twitter might afford one latte at Starbucks.
And Musk might still buy the smoldering ruins of Twitter, he might get a Newsweek of a deal.
This would probably then go down in history as the Art of the Screw.
Posted by: Anna Puma at July 08, 2022 06:26 PM (slnmt)
72
Twitter's share price peaked at $52 after Musk's offer. Today it closed at $36 and change.
It dropped another 7 percent in after hours trading.
It dropped another 7 percent in after hours trading.
Posted by: Thomas Paine at July 08, 2022 06:26 PM (YTOR6)
73
Wow, such pessimism.
Someone get Ace a keto bar, stat!
First off, I think Twitter is lying it's ass off because that's what those people do. They didn't want to be bought, and if they sue, discovery will be a bitch.
In the meantime, Twitter's value will continue to fall as people wonder what percentage of bots there are.
I think Musk will get Twitter eventually. It's just how much pain he causes them in the meantime.
Someone get Ace a keto bar, stat!
First off, I think Twitter is lying it's ass off because that's what those people do. They didn't want to be bought, and if they sue, discovery will be a bitch.
In the meantime, Twitter's value will continue to fall as people wonder what percentage of bots there are.
I think Musk will get Twitter eventually. It's just how much pain he causes them in the meantime.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:26 PM (llXky)
74
I am pissed Elon is walking away, there went our chance at free speech in this country. I guess Musk can have a little more cash for his hoes and bastard children.
Posted by: Victory at July 08, 2022 06:20 PM (3dm+3)
You misunderstood what this was about from the start, but that's not Musk's fault. Musk went into this because, if Twitter's publicly reported financial numbers were accurate, there was a good path to turn a large profit through cost cutting and better marketing. The free speech and political aspects were nice side benefits, but that's all that they were, they were never deal makers or breakers.
Once Musk's team determined that not only is Twitter losing money, but that it is designed to lose money forever, he had to pull out. I don't think he's going to have to pay the $Billion to do it, either.
Posted by: Victory at July 08, 2022 06:20 PM (3dm+3)
You misunderstood what this was about from the start, but that's not Musk's fault. Musk went into this because, if Twitter's publicly reported financial numbers were accurate, there was a good path to turn a large profit through cost cutting and better marketing. The free speech and political aspects were nice side benefits, but that's all that they were, they were never deal makers or breakers.
Once Musk's team determined that not only is Twitter losing money, but that it is designed to lose money forever, he had to pull out. I don't think he's going to have to pay the $Billion to do it, either.
Posted by: Tom Servo at July 08, 2022 06:27 PM (trdmm)
75
Twitter won't survive this. Down goes Twitter.
Posted by: USNtakim deplorable, now with ultra maga at July 08, 2022 06:27 PM (0OmEj)
76
I do think though it will be purely dependent on whether the judge is a liberal or not, somehow these high profile cases the "right" judge is always found to make an example.
Posted by: Victory at July 08, 2022 06:24 PM (3dm+3)
What's the half-life on SCOTUS review, remand, re-review, re-remand? 10, 20 years?
Posted by: Victory at July 08, 2022 06:24 PM (3dm+3)
What's the half-life on SCOTUS review, remand, re-review, re-remand? 10, 20 years?
Posted by: Comrade flounder, wrecker, hoarder, saboteur at July 08, 2022 06:27 PM (nByzo)
77
>>>But if there was blatant provable fraud,
I'm no expert but I'm pretty sure that Elon agreed to an "as is" purchase, basically giving up his most of his rights to guarantees and such. He did that to purchase it quickly and to deny the board dickering about the offer.
So I don't know if he can really complain about fraud in the representations. He kind of blew off any reliance on Twitter's representations as part of the offer.
I'm no expert but I'm pretty sure that Elon agreed to an "as is" purchase, basically giving up his most of his rights to guarantees and such. He did that to purchase it quickly and to deny the board dickering about the offer.
So I don't know if he can really complain about fraud in the representations. He kind of blew off any reliance on Twitter's representations as part of the offer.
Posted by: ace at July 08, 2022 06:27 PM (B3oWe)
78
If Musk walks away without some kind of legal justification he can blame on Twitter, he'll owe one billion dollars in a walk-away penalty.
While I haven't read his agreed-to offer documents, I would be surprised if this is accurately stated. Based on my experience (long ago I worked in the takeover business, so I have a little ancient experince) the break-up fee he agreed to pay would be owed if he walks away for any reason. To avoid paying the Billion he would have to prove a material level of misleading statements by Twitter management. The lawsuits Twitter is filing are designed first to make him pay the Billion and second to see if they can get more of his money.
Just my guess.
While I haven't read his agreed-to offer documents, I would be surprised if this is accurately stated. Based on my experience (long ago I worked in the takeover business, so I have a little ancient experince) the break-up fee he agreed to pay would be owed if he walks away for any reason. To avoid paying the Billion he would have to prove a material level of misleading statements by Twitter management. The lawsuits Twitter is filing are designed first to make him pay the Billion and second to see if they can get more of his money.
Just my guess.
Posted by: Huck Follywood, Break The Teachers Unions at July 08, 2022 06:27 PM (ZZVmo)
79
We have Truth Social and Rumble which are both run by conservatives and promise free speech. Unfortunately, most conservatives are still on Twitter and YouTube complaining about how unfair those platforms are.
Posted by: IrishEi at July 08, 2022 06:27 PM (VhE0u)
80
16 If I was as rich as Musk, I would cause all this churn for the fun of it. $1 billion can be recouped elsewhere, but the joy of destroying Twitter can't be bought elsewhere.
Posted by: She Hobbit at July 08, 2022 06:12 PM (ftFVW)
Yes!
Posted by: She Hobbit at July 08, 2022 06:12 PM (ftFVW)
Yes!
Posted by: April--dash my lace wigs! at July 08, 2022 06:27 PM (OX9vb)
81
And Musk might still buy the smoldering ruins of Twitter, he might get a Newsweek of a deal.
This would probably then go down in history as the Art of the Screw.
Posted by: Anna Puma at July 08, 2022 06:26 PM (slnmt)
---
Great minds think alike. He'll pay a dollar a share, and the agreement will instruct the outgoing board: "First, you will..."
This would probably then go down in history as the Art of the Screw.
Posted by: Anna Puma at July 08, 2022 06:26 PM (slnmt)
---
Great minds think alike. He'll pay a dollar a share, and the agreement will instruct the outgoing board: "First, you will..."
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:28 PM (llXky)
82
I'm sorry that Musk couldn't clean up Twitter a bit. Tomorrow might be a good day for me to skip all news so I don't have to see leftists gloat over it.
Posted by: FenelonSpoke at July 08, 2022 06:28 PM (FZ2cV)
83
78 >>>But if there was blatant provable fraud,
I'm no expert but I'm pretty sure that Elon agreed to an "as is" purchase, basically giving up his most of his rights to guarantees and such. He did that to purchase it quickly and to deny the board dickering about the offer.
So I don't know if he can really complain about fraud in the representations. He kind of blew off any reliance on Twitter's representations as part of the offer.
Posted by: ace at July 08, 2022 06:27 PM (B3oWe)
Not sure if it'd save him money so much as get Twitter in trouble with the SEC but he could take the line of argument that Twitter's financial statements are fraudulent.
I'm no expert but I'm pretty sure that Elon agreed to an "as is" purchase, basically giving up his most of his rights to guarantees and such. He did that to purchase it quickly and to deny the board dickering about the offer.
So I don't know if he can really complain about fraud in the representations. He kind of blew off any reliance on Twitter's representations as part of the offer.
Posted by: ace at July 08, 2022 06:27 PM (B3oWe)
Not sure if it'd save him money so much as get Twitter in trouble with the SEC but he could take the line of argument that Twitter's financial statements are fraudulent.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:28 PM (b2nrj)
84
Bannon got swatted during his morning War Room show... and kept broadcasting!
Posted by: Blutarski, Gradually then Suddenly at July 08, 2022 06:28 PM (PYJJG)
85
I could care less if Twitter is a "good deal" or not. That's the problem with our side. We should approach these things more like philanthropy.
Publications like the NY Times or Washington Post make very little money, but they do have a huge amount of power.
I just think conservatives need to start owning piece of the media or we're finished. We dont even have FoxNews anymore.
Publications like the NY Times or Washington Post make very little money, but they do have a huge amount of power.
I just think conservatives need to start owning piece of the media or we're finished. We dont even have FoxNews anymore.
Posted by: Victory at July 08, 2022 06:28 PM (3dm+3)
Posted by: wth - non-menstruating person at July 08, 2022 06:28 PM (v0R5T)
87
>>I warned that Musk was not the savior we were looking for. I hate being right sometimes. But this was so glaringly obvious to me from the outset.
You might want to hold off on popping the cork.
It has been an open secret on Twitter for a long time that a huge number of bot accounts were being used to enforce narratives and boost Twitters user numbers. Musk has known this all along and been saying it since well before he made his offer.
He's a pretty smart guy, do you really think he didn't see this twist in the road as a strong possibility when he made his offer which was contingent on Twitter turning over company information? All Musk has said is that Twitter is in material breach of the deal and so he is terminating THAT offer. This is far from over.
You might want to hold off on popping the cork.
It has been an open secret on Twitter for a long time that a huge number of bot accounts were being used to enforce narratives and boost Twitters user numbers. Musk has known this all along and been saying it since well before he made his offer.
He's a pretty smart guy, do you really think he didn't see this twist in the road as a strong possibility when he made his offer which was contingent on Twitter turning over company information? All Musk has said is that Twitter is in material breach of the deal and so he is terminating THAT offer. This is far from over.
Posted by: JackStraw at July 08, 2022 06:29 PM (ZLI7S)
88
Larry Storch was Spencer in the old '70s Saturday kids' show The Ghost Busters. Forrest tucker was Kong.
the '70s was weird and wild.
the '70s was weird and wild.
Posted by: Pug Mahon, Non-sequitur professional at July 08, 2022 06:29 PM (x8Wzq)
89
The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.
People in Hell are confident they'll get some ice water. Good luck. All these contracts and agreements are simply the starting point, from which negotiations will begin.
How much cash has Musk actually put into an account for Twitter ? That's what I'd like to know. I bet that answer is somewhere around "zero".
People in Hell are confident they'll get some ice water. Good luck. All these contracts and agreements are simply the starting point, from which negotiations will begin.
How much cash has Musk actually put into an account for Twitter ? That's what I'd like to know. I bet that answer is somewhere around "zero".
Posted by: Here We Go Again at July 08, 2022 06:29 PM (Gc7HD)
90
Negotiation tactic. Elon wants to lower the offer and force the twits to accept.
Posted by: Archer at July 08, 2022 06:30 PM (gmo/4)
91
I think Musk will get Twitter eventually. It's just how much pain he causes them in the meantime.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:26 PM (llXky)
It's possible, but it depends on the question - is Twitter actually able to generate enough revenue to cover its costs, or has the entire thing been a giant PR Ponzi scheme from the very start, floating on easy financing and faked financial reports?
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:26 PM (llXky)
It's possible, but it depends on the question - is Twitter actually able to generate enough revenue to cover its costs, or has the entire thing been a giant PR Ponzi scheme from the very start, floating on easy financing and faked financial reports?
Posted by: Tom Servo at July 08, 2022 06:30 PM (trdmm)
Posted by: wth - non-menstruating person at July 08, 2022 06:30 PM (v0R5T)
93
"We are confident we will prevail in the Delaware Court of Chancery."
Sounds to me like they already have their Judges bought and paid for.
Sounds to me like they already have their Judges bought and paid for.
Posted by: lowandslow at July 08, 2022 06:31 PM (qH6FZ)
94
Here's the SEC filing on this:
https://tinyurl.com/2e9falfa
"We refer to (i) the Agreement and Plan of Merger by and among X Holdings I, Inc., X Holdings II, Inc. and Twitter, Inc. dated as of April 25, 2022 (the “Merger Agreement”
and (ii) our letter to you dated as of June 6, 2022 (the “June 6 Letter”. As further described below, Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement, and is likely to suffer a Company Material Adverse Effect (as that term is defined in the Merger Agreement).
Here's the SEC filing on this:
https://tinyurl.com/2e9falfa
"We refer to (i) the Agreement and Plan of Merger by and among X Holdings I, Inc., X Holdings II, Inc. and Twitter, Inc. dated as of April 25, 2022 (the “Merger Agreement”
and (ii) our letter to you dated as of June 6, 2022 (the “June 6 Letter”. As further described below, Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement, and is likely to suffer a Company Material Adverse Effect (as that term is defined in the Merger Agreement).Posted by: publius, Rascally Rapscallion (Mzdiz) at July 08, 2022 06:31 PM (Mzdiz)
95
This is far from over.
Posted by: JackStraw at July 08, 2022 06:29 PM (ZLI7S)
Either way, it appears the Twits are backed into a corner, and it is glorious to behold.
Posted by: JackStraw at July 08, 2022 06:29 PM (ZLI7S)
Either way, it appears the Twits are backed into a corner, and it is glorious to behold.
Posted by: Comrade flounder, wrecker, hoarder, saboteur at July 08, 2022 06:31 PM (nByzo)
96
And they'll process that information much faster than an ordinary person.
That’s right. Their minds are free to see multiple angles and variables in real time. I mean that respectfully.
That’s right. Their minds are free to see multiple angles and variables in real time. I mean that respectfully.
Posted by: Squid at July 08, 2022 06:31 PM (qdTex)
97
The dirty internet rumor/secret around the social media companies is that they are actually all hosted on government servers. Both for easy government access, and to drastically reduce costs. Supposedly the real costs of hosting them would make real profitability impossible.
Posted by: Laslof at July 08, 2022 06:31 PM (bBUif)
98
So I don't know if he can really complain about fraud in the representations. He kind of blew off any reliance on Twitter's representations as part of the offer.
Posted by: ace at July 08, 2022 06:27 PM (B3oWe)
---
Dragging this into litigation and protracted discovery does Twitter no favors.
Posted by: ace at July 08, 2022 06:27 PM (B3oWe)
---
Dragging this into litigation and protracted discovery does Twitter no favors.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:31 PM (llXky)
99
>>>92 Negotiation tactic. Elon wants to lower the offer and force the twits to accept.
i mean, that's definitely a possibility, or at least a fallback position if he can't get out of the deal completely.
i mean, that's definitely a possibility, or at least a fallback position if he can't get out of the deal completely.
Posted by: ace at July 08, 2022 06:31 PM (B3oWe)
100
How much cash has Musk actually put into an account for Twitter ? That's what I'd like to know. I bet that answer is somewhere around "zero".
Posted by: Here We Go Again at July 08, 2022 06:29 PM (Gc7HD)
He lined up financing and had some of his own cash set aside iirc. Had gotten decently far enough in the process to appear serious in most M&A activities. That's not cash in Twitter's hands though.
Posted by: Here We Go Again at July 08, 2022 06:29 PM (Gc7HD)
He lined up financing and had some of his own cash set aside iirc. Had gotten decently far enough in the process to appear serious in most M&A activities. That's not cash in Twitter's hands though.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:31 PM (b2nrj)
101
If I was as rich as Musk, I would cause all this churn for the fun of it
-------
God was very wise not to entrust me with a mega fortune of with being Empress of All.
I guarantee I would use my power unwisely.
" All shall look upon me and despair!"
-------
God was very wise not to entrust me with a mega fortune of with being Empress of All.
I guarantee I would use my power unwisely.
" All shall look upon me and despair!"
Posted by: Just Lily at July 08, 2022 06:32 PM (RLLZj)
102
It's possible, but it depends on the question - is Twitter actually able to generate enough revenue to cover its costs, or has the entire thing been a giant PR Ponzi scheme from the very start, floating on easy financing and faked financial reports?
Posted by: Tom Servo at July 08, 2022 06:30 PM (trdmm)
---
To ask the question is to answer it...
Just how much revenue does Twitter actually generate? Other than advertising and deep-pocketed investors, where do they get their money? What does Twitter "produce"?
Posted by: Tom Servo at July 08, 2022 06:30 PM (trdmm)
---
To ask the question is to answer it...
Just how much revenue does Twitter actually generate? Other than advertising and deep-pocketed investors, where do they get their money? What does Twitter "produce"?
Posted by: "Perfessor" Squirrel at July 08, 2022 06:32 PM (K5n5d)
103
The corporate courts in Delaware are indifferent to anything other than what the contracts say and I'm betting Musk had better lawyers.
Posted by: Indignacio Vindacatorem at July 08, 2022 06:32 PM (oWBc3)
104
87 I could care less if Twitter is a "good deal" or not. That's the problem with our side. We should approach these things more like philanthropy."
No one gets to be a billionaire by thinking Philanthropy is worth more than making a profit. That's just a hard sad fact of the world.
No one gets to be a billionaire by thinking Philanthropy is worth more than making a profit. That's just a hard sad fact of the world.
Posted by: Tom Servo at July 08, 2022 06:32 PM (trdmm)
105
Those of us with brains in our fucking heads see the truth here.Posted by: Guy Smiley at July 08, 2022 06:30 PM (eiN05)
Well, that was a smiley post alright.
Well, that was a smiley post alright.
Posted by: FenelonSpoke at July 08, 2022 06:33 PM (FZ2cV)
106
Just how much revenue does Twitter actually generate?
zero point zero dollars. at least not net
Other than advertising and deep-pocketed investors, where do they get their money?
i think that's it.
What does Twitter "produce"?
noise, drama, anxiety, and suicide
zero point zero dollars. at least not net
Other than advertising and deep-pocketed investors, where do they get their money?
i think that's it.
What does Twitter "produce"?
noise, drama, anxiety, and suicide
Posted by: ace at July 08, 2022 06:33 PM (B3oWe)
107
What does Twitter "produce"?
Posted by: "Perfessor" Squirrel at July 08, 2022 06:32 PM (K5n5d)
Screechy head cases, mostly.
Posted by: "Perfessor" Squirrel at July 08, 2022 06:32 PM (K5n5d)
Screechy head cases, mostly.
Posted by: Comrade flounder, wrecker, hoarder, saboteur at July 08, 2022 06:33 PM (nByzo)
108
I think it's funny that all of these Big Brain Cloud and 5G business guys,
couldn't see that all of their stuff is by necessity just the cherry on top of a roaring healthy economy.
Most of the companies literally depend on lots of cheap money for loans to expand because they're growing into the companies they wish to become.
No growth. No loans. No investment. Which is where they are now...by their own hand.
Since they helped Senile Joe cheat his way into Preezy.
Inflation is literal murder on these businesses. "Green" policies by the Democrats are killing the economy they need running efficiently and cheaply.
Too bad, so sad, a-holes.
couldn't see that all of their stuff is by necessity just the cherry on top of a roaring healthy economy.
Most of the companies literally depend on lots of cheap money for loans to expand because they're growing into the companies they wish to become.
No growth. No loans. No investment. Which is where they are now...by their own hand.
Since they helped Senile Joe cheat his way into Preezy.
Inflation is literal murder on these businesses. "Green" policies by the Democrats are killing the economy they need running efficiently and cheaply.
Too bad, so sad, a-holes.
Posted by: naturalfake at July 08, 2022 06:33 PM (5NkmN)
109
So I can assume my Twitter account recently restored will be suspended again. I am not a bot, but now the board will have free reign to do what they want again.
Posted by: Colin at July 08, 2022 06:33 PM (YVx1O)
110
April, check your email, please.
Posted by: Ben Had at July 08, 2022 06:33 PM (Mbg2M)
111
Mars needs Twitter.
Posted by: wth - non-menstruating person at July 08, 2022 06:33 PM (v0R5T)
112
Well, this is a pleasant thread. Good night all
Posted by: FenelonSpoke at July 08, 2022 06:34 PM (FZ2cV)
113
It's possible, but it depends on the question - is Twitter actually able to generate enough revenue to cover its costs, or has the entire thing been a giant PR Ponzi scheme from the very start, floating on easy financing and faked financial reports?
Posted by: Tom Servo at July 08, 2022 06:30 PM (trdmm)
---
What's important is the backdrop that Ace mentioned. With interest rates rising and economy in recession, there's going to be a shortage of investment money for non-tangible industries. Venture capitalists will be thin on the ground.
If Twitter's locked in a lawsuit, it will be cut off from any future cash infusions. The board has no stake in it, so Musk has basically put it under siege.
Posted by: Tom Servo at July 08, 2022 06:30 PM (trdmm)
---
What's important is the backdrop that Ace mentioned. With interest rates rising and economy in recession, there's going to be a shortage of investment money for non-tangible industries. Venture capitalists will be thin on the ground.
If Twitter's locked in a lawsuit, it will be cut off from any future cash infusions. The board has no stake in it, so Musk has basically put it under siege.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:34 PM (llXky)
114
Whole lot of self-pleasuring going on in this thread.
This is a LOSS. Keep convincing yourself otherwise, Cuckservatives. Those of us with brains in our fucking heads see the truth here.
It could be. A loss for who ? Musk ?
He's not the Nth Dimensional Chess player I'm looking for, anymore than Trump. Yet, he might be a guy I can support, same as Trump was.
Honestly - what's the loss ? It looks like players playing games to me. But I want to hear your take. That's why I asked.
This is a LOSS. Keep convincing yourself otherwise, Cuckservatives. Those of us with brains in our fucking heads see the truth here.
It could be. A loss for who ? Musk ?
He's not the Nth Dimensional Chess player I'm looking for, anymore than Trump. Yet, he might be a guy I can support, same as Trump was.
Honestly - what's the loss ? It looks like players playing games to me. But I want to hear your take. That's why I asked.
Posted by: Here We Go Again at July 08, 2022 06:34 PM (Gc7HD)
115
Twitter doesn't excite me one little bit
Posted by: Skip at July 08, 2022 06:34 PM (2JoB8)
116
Twitter share holders need to file a class action lawsuit with the sec against the board of directors of twitter. They have been materially lied to about the number of actual twitter users for years.
Posted by: Mister Scott (formerly GWS) at July 08, 2022 06:35 PM (bVYXr)
117
If Twitter's locked in a lawsuit, it will be cut off from any future cash infusions. The board has no stake in it, so Musk has basically put it under siege.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:34 PM (llXky)
Being in a lawsuit doesn't prevent Twitter from raising money. Might discourage it but lots of companies have long running lawsuits.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:34 PM (llXky)
Being in a lawsuit doesn't prevent Twitter from raising money. Might discourage it but lots of companies have long running lawsuits.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:35 PM (b2nrj)
118
>>I warned that Musk was not the savior we were looking for. I hate being right sometimes. But this was so glaringly obvious to me from the outset.
You had a 50 50 chance of being right about the deal not going through even though your reasoning can't be confirmed. What we do know that is obvious is that Twitter lied about the amount of bots they have. If they had been truthful or at least released information they claimed proved their figure , the deal would have been done.
You had a 50 50 chance of being right about the deal not going through even though your reasoning can't be confirmed. What we do know that is obvious is that Twitter lied about the amount of bots they have. If they had been truthful or at least released information they claimed proved their figure , the deal would have been done.
Posted by: Anti doesn't matter at July 08, 2022 06:35 PM (Mv1CU)
119
>> Does Musk really think he can get left-leaning judges to agree with him?
Trump appointed a lot of judges. Besides, if what Musk says is correct, Twitter has been lying through its teeth on its SEC filings. That tends to get you in trouble.
Posted by: The ARC of History! at July 08, 2022 06:12 PM (I2/tG)
There is another tool, a shareholder lawsuit, that could cost Twitter a ton to settle. And guess what?
Elon is their biggest shareholder. 10% of all the stock, iirc. I have no doubt he will come out of this whole, or maybe richer. Unless their shares tank before any settlement.
Trump appointed a lot of judges. Besides, if what Musk says is correct, Twitter has been lying through its teeth on its SEC filings. That tends to get you in trouble.
Posted by: The ARC of History! at July 08, 2022 06:12 PM (I2/tG)
There is another tool, a shareholder lawsuit, that could cost Twitter a ton to settle. And guess what?
Elon is their biggest shareholder. 10% of all the stock, iirc. I have no doubt he will come out of this whole, or maybe richer. Unless their shares tank before any settlement.
Posted by: GnuBreed at July 08, 2022 06:35 PM (JOtiF)
120
Well, this is a pleasant thread. Good night all
Posted by: FenelonSpoke at July 08, 2022 06:34 PM (FZ2cV)
Be well. Ace demands it.
Posted by: FenelonSpoke at July 08, 2022 06:34 PM (FZ2cV)
Be well. Ace demands it.
Posted by: Comrade flounder, wrecker, hoarder, saboteur at July 08, 2022 06:35 PM (nByzo)
121
twitter is going to counter-pressure by banning lots of accounts.
Posted by: ace at July 08, 2022 06:36 PM (B3oWe)
122
>>I'm no expert but I'm pretty sure that Elon agreed to an "as is" purchase, basically giving up his most of his rights to guarantees and such. He did that to purchase it quickly and to deny the board dickering about the offer.
That's not what Musk's lawyer wrote in his letter to Twitter. He claims there are indeed clauses in the contract commanding Twitter to turn over all relevant business information that would be normally relied on the asses the value of the company.
You can read the letter here.
https://tinyurl.com/sb5tfwjz
That's not what Musk's lawyer wrote in his letter to Twitter. He claims there are indeed clauses in the contract commanding Twitter to turn over all relevant business information that would be normally relied on the asses the value of the company.
You can read the letter here.
https://tinyurl.com/sb5tfwjz
Posted by: JackStraw at July 08, 2022 06:36 PM (ZLI7S)
123
If Twitter sues Musk they must prove, in court, that their data - no more that 5% bots - is accurate.
Even if true, which I don't believe, they aren't smart enough to run the numbers better than Musk.
Even if true, which I don't believe, they aren't smart enough to run the numbers better than Musk.
Posted by: Braenyard at July 08, 2022 06:36 PM (dBq3T)
124
Other than advertising and deep-pocketed investors, where do they get their money?
i think that's it.
What does Twitter "produce"?
noise, drama, anxiety, and suicide
Posted by: ace at July 08, 2022 06:33 PM (B3oWe)
---
For more than a decade the interest rate has been next to zero. In some countries, it inverted. Plus, the Fed was pumping money into stocks just because.
All that is over now. Big die-off coming.
i think that's it.
What does Twitter "produce"?
noise, drama, anxiety, and suicide
Posted by: ace at July 08, 2022 06:33 PM (B3oWe)
---
For more than a decade the interest rate has been next to zero. In some countries, it inverted. Plus, the Fed was pumping money into stocks just because.
All that is over now. Big die-off coming.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:37 PM (llXky)
125
>>>That's not what Musk's lawyer wrote in his letter to Twitter. He claims there are indeed clauses in the contract commanding Twitter to turn over all relevant business information that would be normally relied on the asses the value of the company.
thanks.
thanks.
Posted by: ace at July 08, 2022 06:37 PM (B3oWe)
126
What does Twitter "produce"?
noise, drama, anxiety, and suicide
Posted by: ace at July 08, 2022 06:33 PM (B3oWe)
Ah, the oldies but goodies; Excellent. -- Satan
noise, drama, anxiety, and suicide
Posted by: ace at July 08, 2022 06:33 PM (B3oWe)
Ah, the oldies but goodies; Excellent. -- Satan
Posted by: Archer at July 08, 2022 06:37 PM (gmo/4)
127
No one gets to be a billionaire by thinking Philanthropy is worth more than making a profit. That's just a hard sad fact of the world.
Posted by: Tom Servo
____
In case you havent noticed, the Left has very deep pockets. I know it's a certain conservative ethos of "greed being good" but at a certain point, we have to understand you cant spend all that money in a lifetime and maybe "overpaying" for a few things to help the cause would be a good thing?
Zuckerbucks was probably half the reason Biden got elected. Do you think Zuckerberg is going to "not" be able to buy whatever the hell he wants because he threw some money around?
Posted by: Tom Servo
____
In case you havent noticed, the Left has very deep pockets. I know it's a certain conservative ethos of "greed being good" but at a certain point, we have to understand you cant spend all that money in a lifetime and maybe "overpaying" for a few things to help the cause would be a good thing?
Zuckerbucks was probably half the reason Biden got elected. Do you think Zuckerberg is going to "not" be able to buy whatever the hell he wants because he threw some money around?
Posted by: Victory at July 08, 2022 06:37 PM (3dm+3)
128
Anyone who's surprised at this hasn't been paying any attention to what Musk has been saying from the start. Which is that Twitter's numbers needed to check out or he was not going through with it.
Posted by: Tom Servo at July 08, 2022 06:38 PM (trdmm)
129
twitter is going to counter-pressure by banning lots of accounts.
Posted by: ace at July 08, 2022 06:36 PM (B3oWe)
---
Wait, their solution is going to be to boost their competitors?
Neat.
So they will be showing a net loss of user accounts AND be locked in litigation during a bear market.
Genius!
Posted by: ace at July 08, 2022 06:36 PM (B3oWe)
---
Wait, their solution is going to be to boost their competitors?
Neat.
So they will be showing a net loss of user accounts AND be locked in litigation during a bear market.
Genius!
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:38 PM (llXky)
130
"So I don't know if he can really complain about fraud in the representations. He kind of blew off any reliance on Twitter's representations as part of the offer." Posted by: ace
I have no idea on the reach of that kind of agreement. But I'd guess if their SEC statements were false, their was criminal activity that would be bigger than the "as is" part. There would have to be a basis for "as is", and if the were committing fraud, it was not "as is".
Maybe ... I man it is not like buying a used car as is. but again, idk.
I have no idea on the reach of that kind of agreement. But I'd guess if their SEC statements were false, their was criminal activity that would be bigger than the "as is" part. There would have to be a basis for "as is", and if the were committing fraud, it was not "as is".
Maybe ... I man it is not like buying a used car as is. but again, idk.
Posted by: illiniwek at July 08, 2022 06:38 PM (Cus5s)
131
I like that last tweet in the post, ace. It appears Twitter is getting some pressure from people who want to cash in, while they still can.
Posted by: blake - semi lurker in marginal standing (5pTK/) at July 08, 2022 06:39 PM (5pTK/)
132
Elon is their biggest shareholder. 10% of all the stock, iirc. I have no doubt he will come out of this whole, or maybe richer. Unless their shares tank before any settlement.
Posted by: GnuBreed at July 08, 2022 06:35 PM (JOtiF)
It's a tricky business suing a company you own especially in something like Twitter which doesn't have bundles of cash or assets. Can't squeeze blood from a stone. Might get by without having to pay anything but doubt he makes much if anything in that case.
Posted by: GnuBreed at July 08, 2022 06:35 PM (JOtiF)
It's a tricky business suing a company you own especially in something like Twitter which doesn't have bundles of cash or assets. Can't squeeze blood from a stone. Might get by without having to pay anything but doubt he makes much if anything in that case.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:39 PM (b2nrj)
133
Yes, again read the actual SEC filing here:
https://tinyurl.com/2e9falfa
Musk's lawyers are alleging material breach of the agreement and false and misleading statements.
Yes, again read the actual SEC filing here:
https://tinyurl.com/2e9falfa
Musk's lawyers are alleging material breach of the agreement and false and misleading statements.
Posted by: publius, Rascally Rapscallion (Mzdiz) at July 08, 2022 06:39 PM (Mzdiz)
134
What kind of name is “Elon,” anyway? Is it Biblical?
Posted by: Bulgaroctonus at July 08, 2022 06:39 PM (rzOL9)
135
Well, this is a pleasant thread. Good night all
Posted by: FenelonSpoke at July 08, 2022 06:34 PM (FZ2cV)
........
Sweet dreams.
Posted by: FenelonSpoke at July 08, 2022 06:34 PM (FZ2cV)
........
Sweet dreams.
Posted by: wth at July 08, 2022 06:40 PM (v0R5T)
136
In case you havent noticed, the Left has very deep pockets. I know it's a certain conservative ethos of "greed being good" but at a certain point, we have to understand you cant spend all that money in a lifetime and maybe "overpaying" for a few things to help the cause would be a good thing?
Zuckerbucks was probably half the reason Biden got elected. Do you think Zuckerberg is going to "not" be able to buy whatever the hell he wants because he threw some money around?
Posted by: Victory at July 08, 2022 06:37 PM (3dm+3)
---
LOL.
There's no limit to what you can lose. No one is too rich to go bankrupt.
Zuckerbucks was probably half the reason Biden got elected. Do you think Zuckerberg is going to "not" be able to buy whatever the hell he wants because he threw some money around?
Posted by: Victory at July 08, 2022 06:37 PM (3dm+3)
---
LOL.
There's no limit to what you can lose. No one is too rich to go bankrupt.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:40 PM (llXky)
137
A good day when fascism is thwarted!
Posted by: Sid at July 08, 2022 06:40 PM (hbDRx)
138
>>Trump appointed a lot of judges. Besides, if what Musk says is correct, Twitter has been lying through its teeth on its SEC filings. That tends to get you in trouble.
This is not going to federal court. It's going to the Court of Chancery, a unique business court that exists only in a handful of states.
This is not going to federal court. It's going to the Court of Chancery, a unique business court that exists only in a handful of states.
Posted by: JackStraw at July 08, 2022 06:40 PM (ZLI7S)
139
Bots need to be legalized as voting citizens ... that will solve everything.
Posted by: illiniwek at July 08, 2022 06:40 PM (Cus5s)
140
>>A good day when fascism is thwarted!
You don't even know what fascism means, retard. If you did you would know it's you leftists who are fascists.
You don't even know what fascism means, retard. If you did you would know it's you leftists who are fascists.
Posted by: JackStraw at July 08, 2022 06:41 PM (ZLI7S)
141
Maybe ... I man it is not like buying a used car as is. but again, idk.
Posted by: illiniwek at July 08, 2022 06:38 PM (Cus5s)
---
If the odometer had been altered and the VIN forged, you'd be closer to where we are.
Posted by: illiniwek at July 08, 2022 06:38 PM (Cus5s)
---
If the odometer had been altered and the VIN forged, you'd be closer to where we are.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:41 PM (llXky)
142
The extent of my social media is ace's place.
Posted by: Infidel at July 08, 2022 06:41 PM (mn1Pi)
143
The dirty internet rumor/secret around the social media companies is that they are actually all hosted on government servers. Both for easy government access, and to drastically reduce costs. Supposedly the real costs of hosting them would make real profitability impossible.
-
Please let this come out in discovery.
-
Please let this come out in discovery.
Posted by: Moron Robbie is a bridge at July 08, 2022 06:42 PM (agX07)
144
>>>What kind of name is “Elon,” anyway? Is it Biblical?
Posted by: Bulgaroctonus at July 08, 2022 06:39 PM (rzOL9)
I have no idea if his parents got it from the Bible, but it is in fact in the book of Judges
Posted by: Bulgaroctonus at July 08, 2022 06:39 PM (rzOL9)
I have no idea if his parents got it from the Bible, but it is in fact in the book of Judges
Posted by: In Reel Life (yes, dummy, on purpose) at July 08, 2022 06:42 PM (QYPq3)
145
This is not going to federal court. It's going to the Court of Chancery, a unique business court that exists only in a handful of states.
Posted by: JackStraw at July 08, 2022 06:40 PM (ZLI7S)
---
"Court of Chancery" sounds like a fancy name for a casino...
"Place your company on the wheel and give it a spin!"
Posted by: JackStraw at July 08, 2022 06:40 PM (ZLI7S)
---
"Court of Chancery" sounds like a fancy name for a casino...
"Place your company on the wheel and give it a spin!"
Posted by: "Perfessor" Squirrel at July 08, 2022 06:43 PM (K5n5d)
146
There's no limit to what you can lose. No one is too rich to go bankrupt.
Posted by: Ace-Endorsed
______
And there you go, I guess liberal oligarchs "care" about these things more than we do.
People like Zuckerberg and Bloomberg are willing to give up some of their fortune for causes they believe in.
Our side just wants to be richer. Sometimes the stereotypes are true.
My hope is Elon eventually gets Twitter cheaper, my fear is he saw a market meltdown and just decided to jump ship because he doesnt want to "overpay".
There's no limit to what you can lose. No one is too rich to go bankrupt.
Posted by: Ace-Endorsed
______
And there you go, I guess liberal oligarchs "care" about these things more than we do.
People like Zuckerberg and Bloomberg are willing to give up some of their fortune for causes they believe in.
Our side just wants to be richer. Sometimes the stereotypes are true.
My hope is Elon eventually gets Twitter cheaper, my fear is he saw a market meltdown and just decided to jump ship because he doesnt want to "overpay".
Posted by: Victory at July 08, 2022 06:43 PM (3dm+3)
147
142 The extent of my social media is ace's place.
Posted by: Infidel at July 08, 2022 06:41 PM (mn1Pi)
Truly, Ace is the place with the helpful hardware man.
#shelvesrus
Posted by: Infidel at July 08, 2022 06:41 PM (mn1Pi)
Truly, Ace is the place with the helpful hardware man.
#shelvesrus
Posted by: browndog Official Mascot of Team Gizzard at July 08, 2022 06:43 PM (BgMrQ)
148
TWTR gave Musk a recent sample of their data “firehouse” a few months ago. He has that raw information so he can prove the bot traffic if necessary.
Posted by: Squid at July 08, 2022 06:43 PM (qdTex)
149
I don't get people's bitching. Was there actually people that thought musk was coming to save them? Where has been the daily "oh musky I'm ever so grateful for you coming to save us 💕 💕 " leading up to now? Where has this been? Were there actually people emotionally invested in this fantasy and are now trying "See! I told ya"? I don't get it. There have been betrayals at every level of "honorable trusted" institutions and people are freaking over this nothingness about some guy?
Posted by: banana Dream at July 08, 2022 06:43 PM (0fVbu)
150
It's possible, but it depends on the question - is Twitter actually able to generate enough revenue to cover its costs, or has the entire thing been a giant PR Ponzi scheme from the very start, floating on easy financing and faked financial reports?
Posted by: Tom Servo at July 08, 2022 06:30 PM (trdmm)
At this point, it's cost me $1k. Either with a class action or a complete implosion, it's worth it.
See Gloria Steinem and the CIA.
Posted by: Tom Servo at July 08, 2022 06:30 PM (trdmm)
At this point, it's cost me $1k. Either with a class action or a complete implosion, it's worth it.
See Gloria Steinem and the CIA.
Posted by: Golfman at July 08, 2022 06:43 PM (hOMhY)
151
This is not going to federal court. It's going to the Court of Chancery, a unique business court that exists only in a handful of states.
Posted by: JackStraw at July 08, 2022 06:40 PM (ZLI7S)
---
Delaware is hugely dependent on finance. All the credit cards are based there for a reason. If that court is crooked, the whole thing goes sideways so as much as there's institutional self-preservation, I bet they have it.
Posted by: JackStraw at July 08, 2022 06:40 PM (ZLI7S)
---
Delaware is hugely dependent on finance. All the credit cards are based there for a reason. If that court is crooked, the whole thing goes sideways so as much as there's institutional self-preservation, I bet they have it.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:43 PM (llXky)
152
Zuckerbucks was probably half the reason Biden got elected. Do you think Zuckerberg is going to "not" be able to buy whatever the hell he wants because he threw some money around?
Posted by: Victory at July 08, 2022 06:37 PM (3dm+3)
And you don't understand why Zuckerbucks did it; it was not out of *any* ideas of "philanthropy" or even ideology. Zucker and Bezos and Gates and all the rest know that if they can manipulate the system to establish full oligarchical control, they will each personally have more money and power than anyone could dream of having in a system were ordinary people still have a say. All the words and ideological phrases are just blah blah blah to get the useful idiots to be their foot soldiers.
They aren't throwing their money away; they are playing the game on the biggest and widest scale imaginable.
Posted by: Victory at July 08, 2022 06:37 PM (3dm+3)
And you don't understand why Zuckerbucks did it; it was not out of *any* ideas of "philanthropy" or even ideology. Zucker and Bezos and Gates and all the rest know that if they can manipulate the system to establish full oligarchical control, they will each personally have more money and power than anyone could dream of having in a system were ordinary people still have a say. All the words and ideological phrases are just blah blah blah to get the useful idiots to be their foot soldiers.
They aren't throwing their money away; they are playing the game on the biggest and widest scale imaginable.
Posted by: Tom Servo at July 08, 2022 06:43 PM (trdmm)
153
Remember Musk's request for lawyer's application?
I don't want any Perkins Coie types, I want blood thirsty sharks.
I don't want any Perkins Coie types, I want blood thirsty sharks.
Posted by: Braenyard at July 08, 2022 06:43 PM (dBq3T)
154
142 The extent of my social media is ace's place.
Posted by: Infidel
Yep. Social Media is a mind virus. It needs to be nuked from orbit.
Posted by: Infidel
Yep. Social Media is a mind virus. It needs to be nuked from orbit.
Posted by: Puddleglum at July 08, 2022 06:43 PM (sAmhv)
155
A good day when fascism is thwarted!
Posted by: Sid at July 08, 2022 06:40 PM (hbDRx)
Biden has been removed from office?
Posted by: Sid at July 08, 2022 06:40 PM (hbDRx)
Biden has been removed from office?
Posted by: Anti doesn't matter at July 08, 2022 06:44 PM (Mv1CU)
156
97 The dirty internet rumor/secret around the social media companies is that they are actually all hosted on government servers. Both for easy government access, and to drastically reduce costs. Supposedly the real costs of hosting them would make real profitability impossible.
Posted by: Laslof at July 08, 2022 06:31 PM (bBUif)
Seems like a sketchy theory to me, Twitter shouldn't be that server intensive. Most of their expense should be employees.
Posted by: Laslof at July 08, 2022 06:31 PM (bBUif)
Seems like a sketchy theory to me, Twitter shouldn't be that server intensive. Most of their expense should be employees.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:44 PM (b2nrj)
157
Musk killed Twitter. That is ok with me. Twitter is all smoke and mirrors anyway. Elon don't really give a rats ass, if he can't own it let it die.
Posted by: USNtakim deplorable, now with ultra maga at July 08, 2022 06:44 PM (0OmEj)
158
It's a tricky business suing a company you own especially in something like Twitter which doesn't have bundles of cash or assets. Can't squeeze blood from a stone. Might get by without having to pay anything but doubt he makes much if anything in that case.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:39 PM (b2nrj)
But he doesn't "own" Twitter, just a big piece of their stock.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:39 PM (b2nrj)
But he doesn't "own" Twitter, just a big piece of their stock.
Posted by: GnuBreed at July 08, 2022 06:44 PM (JOtiF)
159
all this moaning and doomsaying about Musk reminds me of when it was time to take down Milo Yiannopoulos
One minute he was the one bright shining avatar, and then it was time to piss on him for reasons.
I suspect Musk has enough experience and savvy to get enough brains into a conference call to make sure he knows how to profit from every fork of probability, and has people looking into opportunities of the improbable as well.
One minute he was the one bright shining avatar, and then it was time to piss on him for reasons.
I suspect Musk has enough experience and savvy to get enough brains into a conference call to make sure he knows how to profit from every fork of probability, and has people looking into opportunities of the improbable as well.
Posted by: Kindltot at July 08, 2022 06:44 PM (xhaym)
160
155 A good day when fascism is thwarted!
Posted by: Sid at July 08, 2022 06:40 PM (hbDRx)
Biden has been removed from office?
Posted by: Anti doesn't matter at July 08, 2022 06:44 PM (Mv1CU)
No, the Russians are winning in Ukraine.
Posted by: Sid at July 08, 2022 06:40 PM (hbDRx)
Biden has been removed from office?
Posted by: Anti doesn't matter at July 08, 2022 06:44 PM (Mv1CU)
No, the Russians are winning in Ukraine.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:44 PM (b2nrj)
161
'Son, don't twitter your life away on this herd. They ain't no count, mostly culls.'
-Old Death Valley Ranger
-Old Death Valley Ranger
Posted by: Eromero at July 08, 2022 06:44 PM (gktX6)
162
158 It's a tricky business suing a company you own especially in something like Twitter which doesn't have bundles of cash or assets. Can't squeeze blood from a stone. Might get by without having to pay anything but doubt he makes much if anything in that case.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:39 PM (b2nrj)
But he doesn't "own" Twitter, just a big piece of their stock.
Posted by: GnuBreed at July 08, 2022 06:44 PM (JOtiF)
A 10% interest in Twitter. You sue the company on behalf of shareholders, each shareholder gets paid out pro rata, and the stock declines correspondingly. It's very close to suing yourself. There can be clawbacks from the Board or management but proportionally they tend not to have much.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:39 PM (b2nrj)
But he doesn't "own" Twitter, just a big piece of their stock.
Posted by: GnuBreed at July 08, 2022 06:44 PM (JOtiF)
A 10% interest in Twitter. You sue the company on behalf of shareholders, each shareholder gets paid out pro rata, and the stock declines correspondingly. It's very close to suing yourself. There can be clawbacks from the Board or management but proportionally they tend not to have much.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:46 PM (b2nrj)
163
People like Zuckerberg and Bloomberg are willing to give up some of their fortune for causes they believe in.
Posted by: Victory at July 08, 2022 06:43 PM (3dm+3)
---
LOL! They're buying influence! Those guys are complete mercenaries. Yeah, "yay for my team - now more tax breaks you slaves!"
Seriously. I don't see any of these guys spending enough money for them to lose their influence or sextet of houses.
People like Zuckerberg and Bloomberg are willing to give up some of their fortune for causes they believe in.
Posted by: Victory at July 08, 2022 06:43 PM (3dm+3)
---
LOL! They're buying influence! Those guys are complete mercenaries. Yeah, "yay for my team - now more tax breaks you slaves!"
Seriously. I don't see any of these guys spending enough money for them to lose their influence or sextet of houses.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:46 PM (llXky)
164
Yeah, Twatter is going to sue.
Because discovery isn't a thing anymore in complex litigation, right?
Because discovery isn't a thing anymore in complex litigation, right?
Posted by: Sharkman at July 08, 2022 06:46 PM (2AlIJ)
165
And you don't understand why Zuckerbucks did it; it was not out of *any* ideas of "philanthropy" or even ideology. Zucker and Bezos and Gates and all the rest know that if they can manipulate the system to establish full oligarchical control, they will each personally have more money and power than anyone could dream of having in a system were ordinary people still have a say. All the words and ideological phrases are just blah blah blah to get the useful idiots to be their foot soldiers.
They aren't throwing their money away; they are playing the game on the biggest and widest scale imaginable.
Posted by: Tom Servo at July 08, 2022 06:43 PM (trdmm)
----
They already have incalculable wealth and power, more than any human beings have held in history. Yet it's still not enough...
They aren't throwing their money away; they are playing the game on the biggest and widest scale imaginable.
Posted by: Tom Servo at July 08, 2022 06:43 PM (trdmm)
----
They already have incalculable wealth and power, more than any human beings have held in history. Yet it's still not enough...
Posted by: "Perfessor" Squirrel at July 08, 2022 06:47 PM (K5n5d)
166
>>"Court of Chancery" sounds like a fancy name for a casino...
>>"Place your company on the wheel and give it a spin!"
In a way, it kind of is. Judges don't just rule on the law but on what they call "equity".
>>"Place your company on the wheel and give it a spin!"
In a way, it kind of is. Judges don't just rule on the law but on what they call "equity".
Posted by: JackStraw at July 08, 2022 06:47 PM (ZLI7S)
167
Wait,a private citizen acting in opposition to the government and spending his own money in order to try and expand free speech right’s for everyone is a fascist?
Posted by: Moron Robbie is a bridge at July 08, 2022 06:47 PM (agX07)
168
>>> They aren't throwing their money away; they are playing the game on the biggest and widest scale imaginable.
Posted by: Tom Servo
---------------
Yep.
We are living in a Master's of the Universe sci-fi thriller.
mamma's don't let your babies be vaccinated
let 'em grow up to be healthy adults
Posted by: Tom Servo
---------------
Yep.
We are living in a Master's of the Universe sci-fi thriller.
mamma's don't let your babies be vaccinated
let 'em grow up to be healthy adults
Posted by: Braenyard at July 08, 2022 06:48 PM (dBq3T)
169
If Musk walks away without some kind of legal justification he can blame on Twitter, he'll owe one billion dollars in a walk-away penalty.
Generally, any deal that is made in reliance on a material misrepresentation about its subject matter is not enforceable. It sounds like Twitter made initial claims about the percentage of bot accounts on the site and Musk later found that this was untrue.
Unless there is a clause in the contract itself that precludes Musk from invoking this principle (or Twitter's representations were essentially accurate) Twitter seems to have no place to go with this.
Generally, any deal that is made in reliance on a material misrepresentation about its subject matter is not enforceable. It sounds like Twitter made initial claims about the percentage of bot accounts on the site and Musk later found that this was untrue.
Unless there is a clause in the contract itself that precludes Musk from invoking this principle (or Twitter's representations were essentially accurate) Twitter seems to have no place to go with this.
Posted by: Cicero (@cicero43) at July 08, 2022 06:48 PM (guGkK)
170
Baby shark
Do do do do do
Do do do do do
Posted by: nurse ratched at July 08, 2022 06:48 PM (TimYP)
171
If the government agencies are connected to Twitter , they will use whatever means necessary to continue to keep that info on the down low.
Including letting Musk slide on the purchase. Meaning all of the counter moves by Twitter is a show.
Including letting Musk slide on the purchase. Meaning all of the counter moves by Twitter is a show.
Posted by: Anti doesn't matter at July 08, 2022 06:49 PM (Mv1CU)
172
They already have incalculable wealth and power, more than any human beings have held in history. Yet it's still not enough...
Posted by: "Perfessor" Squirrel at July 08, 2022 06:47 PM (K5n5d)
The rich and powerful in every generation always have the same answer to the old question:
"What do you want?"
"MORE!!!!"
Posted by: "Perfessor" Squirrel at July 08, 2022 06:47 PM (K5n5d)
The rich and powerful in every generation always have the same answer to the old question:
"What do you want?"
"MORE!!!!"
Posted by: Tom Servo at July 08, 2022 06:49 PM (trdmm)
173
Yeah, Twatter is going to sue.
Because discovery isn't a thing anymore in complex litigation, right?
Posted by: Sharkman at July 08, 2022 06:46 PM (2AlIJ)
I was talking with a lawyer who had been called in to help on a major corporation lawsuit, the attorneys running it rented a hotel to keep the hard copies of the filings, documentation, evidence and depositions.
Because discovery isn't a thing anymore in complex litigation, right?
Posted by: Sharkman at July 08, 2022 06:46 PM (2AlIJ)
I was talking with a lawyer who had been called in to help on a major corporation lawsuit, the attorneys running it rented a hotel to keep the hard copies of the filings, documentation, evidence and depositions.
Posted by: Kindltot at July 08, 2022 06:49 PM (xhaym)
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:49 PM (llXky)
175
0 16 If I was as rich as Musk, I would cause all this churn for the fun of it. $1 billion can be recouped elsewhere, but the joy of destroying Twitter can't be bought elsewhere.
Posted by: She Hobbit at July 08, 2022 06:12 PM (ftFVW)
That's my take also. $1 billion is NOT going to break Musk. I imagine before he made any mention of a non-purchase he made sure the Twat was out of ammo to shoot at him.
Posted by: She Hobbit at July 08, 2022 06:12 PM (ftFVW)
That's my take also. $1 billion is NOT going to break Musk. I imagine before he made any mention of a non-purchase he made sure the Twat was out of ammo to shoot at him.
Posted by: Pork Chops & Bacons at July 08, 2022 06:50 PM (Qhnrt)
176
"Court of Chancery" sounds like a fancy name for a casino...
>>"Place your company on the wheel and give it a spin!"
In a way, it kind of is. Judges don't just rule on the law but on what they call "equity".
Posted by: JackStraw at July 08, 2022 06:47 PM (ZLI7S)
---
I just looked up the Courts of Chancery. Damn. It's got a LONG and distinguished history in this country going back to 1792 (and even older since it's based on English courts).
>>"Place your company on the wheel and give it a spin!"
In a way, it kind of is. Judges don't just rule on the law but on what they call "equity".
Posted by: JackStraw at July 08, 2022 06:47 PM (ZLI7S)
---
I just looked up the Courts of Chancery. Damn. It's got a LONG and distinguished history in this country going back to 1792 (and even older since it's based on English courts).
Posted by: "Perfessor" Squirrel at July 08, 2022 06:50 PM (K5n5d)
177
They already have incalculable wealth and power, more than any human beings have held in history. Yet it's still not enough...
Posted by: "Perfessor" Squirrel at July 08, 2022 06:47 PM (K5n5d)
---
See also, Croesus.
Posted by: "Perfessor" Squirrel at July 08, 2022 06:47 PM (K5n5d)
---
See also, Croesus.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:50 PM (llXky)
178
"If Musk walks away without some kind of legal justification he can blame on Twitter, he'll owe one billion dollars in a walk-away penalty."
The letter from his lawyers seemed to offer ample legal justification. But I'm no lawyer. Curious how the case they made was lacking.
The letter from his lawyers seemed to offer ample legal justification. But I'm no lawyer. Curious how the case they made was lacking.
Posted by: Ordinary American at July 08, 2022 06:51 PM (H8QX8)
179
I've been saying it since this started...
Elon Musk is just trying to kill Twitter. That's all it is. They pissed him off one time too many and he decided to burn the bitch down.
Nicely played, sir.
Elon Musk is just trying to kill Twitter. That's all it is. They pissed him off one time too many and he decided to burn the bitch down.
Nicely played, sir.
Posted by: Madamemayhem (uppity wench) at July 08, 2022 06:51 PM (Wy1BU)
180
154 142 The extent of my social media is ace's place.
Posted by: Infidel
Yep. Social Media is a mind virus. It needs to be nuked from orbit.
Posted by: Puddleglum at July 08, 2022 06:43 PM (sAmhv)
This is about me isn't it? I'm sick and tired of being insulted by you h8ters here!
Posted by: Infidel
Yep. Social Media is a mind virus. It needs to be nuked from orbit.
Posted by: Puddleglum at July 08, 2022 06:43 PM (sAmhv)
This is about me isn't it? I'm sick and tired of being insulted by you h8ters here!
Posted by: Taylor Lorenz, Secretly in Love With Studmuffin Blogger Ace! at July 08, 2022 06:51 PM (AMIL/)
181
I wouldn't bet against Elon, but a lot of assholes like Gates and Soros have. I think he's going to fuck them.
Posted by: x at July 08, 2022 06:51 PM (uQFwj)
182
>>Delaware is hugely dependent on finance. All the credit cards are based there for a reason. If that court is crooked, the whole thing goes sideways so as much as there's institutional self-preservation, I bet they have it.
Joe didn't get the nickname the Senator from MasterCard for nothing. Hunter's first job out of college was a 6 figure do nothing job at one of the credit card companies.
Biden has flipped and flopped on his positions as much as any politician ever but the one principle that still guides him is to protect the credit card companies at all costs. Champion of the little guy.
Joe didn't get the nickname the Senator from MasterCard for nothing. Hunter's first job out of college was a 6 figure do nothing job at one of the credit card companies.
Biden has flipped and flopped on his positions as much as any politician ever but the one principle that still guides him is to protect the credit card companies at all costs. Champion of the little guy.
Posted by: JackStraw at July 08, 2022 06:52 PM (ZLI7S)
183
Posted by: "Perfessor" Squirrel at July 08, 2022 06:50 PM (K5n5d)
Sounds like a fancy name for arbitration.
Sounds like a fancy name for arbitration.
Posted by: Anti doesn't matter at July 08, 2022 06:52 PM (Mv1CU)
184
I just looked up the Courts of Chancery. Damn. It's got a LONG and distinguished history in this country going back to 1792 (and even older since it's based on English courts).
Posted by: "Perfessor" Squirrel at July 08, 2022 06:50 PM (K5n5d)
If it's not Scottish aw, it's crap laddie...
Posted by: "Perfessor" Squirrel at July 08, 2022 06:50 PM (K5n5d)
If it's not Scottish aw, it's crap laddie...
Posted by: zombie Arlen Spector at July 08, 2022 06:52 PM (BgMrQ)
185
Why cant rich conservatives "buy influence" and get Republicans elected?
If Musk lost a huge amount on Twitter, so what? Its not like he's out on the street.
Had Zuckerberg come up short with his Biden investment, he would have been fine.
Again, our "ultra rich" dont seem to be all that generous with causes they believe in and dont seem to take gambles.
The amount of money the Left throws around is astounding, we have nothing like that anymore.
If Musk lost a huge amount on Twitter, so what? Its not like he's out on the street.
Had Zuckerberg come up short with his Biden investment, he would have been fine.
Again, our "ultra rich" dont seem to be all that generous with causes they believe in and dont seem to take gambles.
The amount of money the Left throws around is astounding, we have nothing like that anymore.
Posted by: Victory at July 08, 2022 06:52 PM (3dm+3)
186
...They pissed him off one time too many and he decided to burn the bitch down.
Nicely played, sir.
Posted by: Madamemayhem (uppity wench) at July 08, 2022 06:51 PM (Wy1BU)
This is about me, isn't it?
Nicely played, sir.
Posted by: Madamemayhem (uppity wench) at July 08, 2022 06:51 PM (Wy1BU)
This is about me, isn't it?
Posted by: Amber Heard at July 08, 2022 06:52 PM (QYPq3)
187
Elon Musk is just trying to kill Twitter. That's all it is. They pissed him off one time too many and he decided to burn the bitch down.
Nicely played, sir.
Posted by: Madamemayhem (uppity wench) at July 08, 2022 06:51 PM (Wy1BU)
---
He may let it live, but they'll be paying him at that point.
Nicely played, sir.
Posted by: Madamemayhem (uppity wench) at July 08, 2022 06:51 PM (Wy1BU)
---
He may let it live, but they'll be paying him at that point.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:52 PM (llXky)
188
"If the odometer had been altered and the VIN forged, you'd be closer to where we are." Posted by: Ace-Endorsed Author A.H. Lloyd
maybe, but I mean with TWIT, the only vehicle "as is" is what is seen in SEC statements. So if it is a picture of a car that does not exist, they can't say "sorry, the car never existed, but you bought it anyway".
I think the "as is" has to be what is in the legal SEC statements. Not sure about the other misrepresentations ... but I'd guess all the pieces of the vehicle they declared has to be part of the "as is" vehicle. They can't remove the engine and claim it is the same car.
maybe, but I mean with TWIT, the only vehicle "as is" is what is seen in SEC statements. So if it is a picture of a car that does not exist, they can't say "sorry, the car never existed, but you bought it anyway".
I think the "as is" has to be what is in the legal SEC statements. Not sure about the other misrepresentations ... but I'd guess all the pieces of the vehicle they declared has to be part of the "as is" vehicle. They can't remove the engine and claim it is the same car.
Posted by: illiniwek at July 08, 2022 06:53 PM (Cus5s)
189
I can't shake the feeling that Twitter and others are secretly owned or controlled by the US gubmint, perhaps in partnerships with other gubmints.
I have no idea why I feel this way, I just do. The Trump years have weird consequences I guess.
I have no idea why I feel this way, I just do. The Trump years have weird consequences I guess.
Posted by: jc at July 08, 2022 06:53 PM (N1WXz)
190
This is about me isn't it? I'm sick and tired of being insulted by you h8ters here!
Posted by: Taylor Lorenz, Secretly in Love With Studmuffin Blogger Ace! at July 08, 2022 06:51 PM (AMIL/)
Get over yourself internet whore.
Posted by: Taylor Lorenz, Secretly in Love With Studmuffin Blogger Ace! at July 08, 2022 06:51 PM (AMIL/)
Get over yourself internet whore.
Posted by: Infidel at July 08, 2022 06:53 PM (mn1Pi)
191
Musk fucks a lot of things. He very rarely pulls out.
Posted by: USNtakim deplorable, now with ultra maga at July 08, 2022 06:53 PM (0OmEj)
192
Chancery courts are descended from English ecclesiastical courts that had jurisdiction in areas that the law courts didn't handle.
Posted by: Cicero (@cicero43) at July 08, 2022 06:53 PM (guGkK)
193
So soon after pride Month?
Posted by: Commissar of Plenty of BAD TRUMPY MANS! at July 08, 2022 06:53 PM (pbX1I)
194
Well all I know is that Musk has $275B and I don't. So he has clearly proven that he is smarter than I am.
I guess we'll see what is really going on eventually.
I guess we'll see what is really going on eventually.
Posted by: Dave_in_Fla at July 08, 2022 06:54 PM (5p7BC)
195
I've been saying it since this started...
Elon Musk is just trying to kill Twitter. That's all it is. They pissed him off one time too many and he decided to burn the bitch down.
Nicely played, sir.
Posted by: Madamemayhem (uppity wench) at July 08, 2022 06:51 PM
musk currently owns about 10% of twitter, not sure why he would want to "burn that down", but I guess a billion here and here is nothing to musk.
Elon Musk is just trying to kill Twitter. That's all it is. They pissed him off one time too many and he decided to burn the bitch down.
Nicely played, sir.
Posted by: Madamemayhem (uppity wench) at July 08, 2022 06:51 PM
musk currently owns about 10% of twitter, not sure why he would want to "burn that down", but I guess a billion here and here is nothing to musk.
Posted by: Mister Scott (formerly GWS) at July 08, 2022 06:54 PM (bVYXr)
196
185 Why cant rich conservatives "buy influence" and get Republicans elected?
Posted by: Victory at July 08, 2022 06:52 PM (3dm+3)
There are a few HNW families and individuals in Republican politics. They do donate to PACs and such. Democrats have a way bigger constituency in the very wealthy though, especially with the re-alignment of the last decade.
Posted by: Victory at July 08, 2022 06:52 PM (3dm+3)
There are a few HNW families and individuals in Republican politics. They do donate to PACs and such. Democrats have a way bigger constituency in the very wealthy though, especially with the re-alignment of the last decade.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:54 PM (b2nrj)
197
The amount of money the Left throws around is astounding, we have nothing like that anymore.
Posted by: Victory at July 08, 2022 06:52 PM (3dm+3)
---
That's because the rich bought the left.
You get that, right? The Koch Family switched sides because the GOP couldn't be subverted as easily as the Democrats.
Weird how the party that once railed against Big Pharma now lines up for the job. Remember when there was a thing called the Peace Movement? Now they tweet about new arms sales.
The amount of money the Left throws around is astounding, we have nothing like that anymore.
Posted by: Victory at July 08, 2022 06:52 PM (3dm+3)
---
That's because the rich bought the left.
You get that, right? The Koch Family switched sides because the GOP couldn't be subverted as easily as the Democrats.
Weird how the party that once railed against Big Pharma now lines up for the job. Remember when there was a thing called the Peace Movement? Now they tweet about new arms sales.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:54 PM (llXky)
198
Here we are second guessing a man who has the smarts to make multi billions of dollars.
Posted by: Tuna at July 08, 2022 06:55 PM (gLRfa)
199
WH response to Brandon saying "End of quote. Repeat the line.: "He meant to do that!"
Seriously, they're saying he was just doing that for emphasis.
WH response to Brandon saying "End of quote. Repeat the line.: "He meant to do that!"
Seriously, they're saying he was just doing that for emphasis.
Posted by: publius, Rascally Rapscallion (Mzdiz) at July 08, 2022 06:55 PM (Mzdiz)
200
>>I can't shake the feeling that Twitter and others are secretly owned or controlled by the US gubmint, perhaps in partnerships with other gubmints.
You are a lot closer to right than wrong.
You are a lot closer to right than wrong.
Posted by: JackStraw at July 08, 2022 06:55 PM (ZLI7S)
201
I agree with Ace's bit at the end; I thought that Twitter might be glad to stay out of court and let Musk walk away. But looks like the shareholders won't allow them to take the loss in exchange for peace.
Posted by: Tom Servo at July 08, 2022 06:55 PM (trdmm)
202
https://tinyurl.com/2r2n76ca
20 Tweets ( since it's the subject) from Bad Blue
Pretty good stuff
20 Tweets ( since it's the subject) from Bad Blue
Pretty good stuff
Posted by: Skip at July 08, 2022 06:56 PM (2JoB8)
203
I don't think Elon Musk knows from bowl to bowl of weed what he's going to do but this might be just a way to pressure Twitter into releasing info or going to trial where he can force it out of them. I dunno. Maybe he just twigged to how this is a really crappy investment.
Posted by: Christopher R Taylor at July 08, 2022 06:56 PM (llsW/)
204
Nearly every billionaire in the US is lined up on the other team.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:56 PM (b2nrj)
205
Musk is literally a rocket scientist.
Posted by: Anti doesn't matter at July 08, 2022 06:56 PM (Mv1CU)
206
Baby shark
Do do do do do
Posted by: nurse ratched
STOP IT!!!
I listened to that most of the day as it is. My little guy thinks it is the greatest tune ever created. Just shoot me.
Do do do do do
Posted by: nurse ratched
STOP IT!!!
I listened to that most of the day as it is. My little guy thinks it is the greatest tune ever created. Just shoot me.
Posted by: Tonypete at July 08, 2022 06:56 PM (Msys3)
207
There are a few HNW families and individuals in Republican politics. They do donate to PACs and such. Democrats have a way bigger constituency in the very wealthy though, especially with the re-alignment of the last decade.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:54 PM (b2nrj)
---
Democrats were more susceptible to bribery. Always have been.
The GOPe was willing to whore out, but the base wouldn't let them. Started kicking them to the curb, first with the Tea Party and then MAGA.
The Dems with their captive voter base have greater flexibility.
There are a few HNW families and individuals in Republican politics. They do donate to PACs and such. Democrats have a way bigger constituency in the very wealthy though, especially with the re-alignment of the last decade.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:54 PM (b2nrj)
---
Democrats were more susceptible to bribery. Always have been.
The GOPe was willing to whore out, but the base wouldn't let them. Started kicking them to the curb, first with the Tea Party and then MAGA.
The Dems with their captive voter base have greater flexibility.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:56 PM (llXky)
208
181 I wouldn't bet against Elon, but a lot of assholes like Gates and Soros have. I think he's going to fuck them.
Posted by: x at July 08, 2022 06:51 PM (uQFwj)
===
Hopefully with a pineapple wrapped in barbwire and turned sideways.
Posted by: x at July 08, 2022 06:51 PM (uQFwj)
===
Hopefully with a pineapple wrapped in barbwire and turned sideways.
Posted by: jc at July 08, 2022 06:56 PM (N1WXz)
209
Biden has flipped and flopped on his positions as much as any politician ever but the one principle that still guides him is to protect the credit card companies at all costs. Champion of the little guy.
Posted by: JackStraw at July 08, 2022 06:52 PM (ZLI7S)
Champion of the Little Guy, if he's a union member and a lifelong Democrat.
Posted by: JackStraw at July 08, 2022 06:52 PM (ZLI7S)
Champion of the Little Guy, if he's a union member and a lifelong Democrat.
Posted by: GLSD at July 08, 2022 06:57 PM (AMIL/)
Posted by: DaveA at July 08, 2022 06:57 PM (FhXTo)
211
Evening.
I read the last sentence in the last quote as, "We are confident we will prevail in the Delaware Court of Chicanery."
Now *that's* confidence.
I read the last sentence in the last quote as, "We are confident we will prevail in the Delaware Court of Chicanery."
Now *that's* confidence.
Posted by: Robert is really, really tired at July 08, 2022 06:57 PM (hEkG4)
212
The courts and their "judges" are as corrupt as any pearl handled pistol carrying pimp.
Ski trips, whores, vacations at the shore, more whores, comped casino trips, more whores, more ski trips...
Pretty soon the "judge" kinda likes old Elon and his lawsuit.
Cha-ching.
Ski trips, whores, vacations at the shore, more whores, comped casino trips, more whores, more ski trips...
Pretty soon the "judge" kinda likes old Elon and his lawsuit.
Cha-ching.
Posted by: Hairyback Guy at July 08, 2022 06:58 PM (R/m4+)
213
175 0 16 If I was as rich as Musk, I would cause all this churn for the fun of it. $1 billion can be recouped elsewhere, but the joy of destroying Twitter can't be bought elsewhere.
Posted by: She Hobbit at July 08, 2022 06:12 PM (ftFVW)
That's my take also. $1 billion is NOT going to break Musk. I imagine before he made any mention of a non-purchase he made sure the Twat was out of ammo to shoot at him.
Posted by: Pork Chops & Bacons at July 08, 2022 06:50 PM (Qhnrt)
--------------------------
He's also made it clear that he thinks Twitter is the most negative force to our Republic.
I thinks he saw his country go to shit and doesn't want to see it again.
Posted by: She Hobbit at July 08, 2022 06:12 PM (ftFVW)
That's my take also. $1 billion is NOT going to break Musk. I imagine before he made any mention of a non-purchase he made sure the Twat was out of ammo to shoot at him.
Posted by: Pork Chops & Bacons at July 08, 2022 06:50 PM (Qhnrt)
--------------------------
He's also made it clear that he thinks Twitter is the most negative force to our Republic.
I thinks he saw his country go to shit and doesn't want to see it again.
Posted by: Braenyard at July 08, 2022 06:58 PM (dBq3T)
Posted by: Soothsayer's Untrue But Accurate Tales at July 08, 2022 06:59 PM (m0J+0)
215
Nearly every billionaire in the US is lined up on the other team.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:56 PM (b2nrj)
---
Old Romanian saying: "When you're grappling with the devil, at least you know you're not walking at his side."
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:56 PM (b2nrj)
---
Old Romanian saying: "When you're grappling with the devil, at least you know you're not walking at his side."
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:59 PM (llXky)
216
211 Evening.
I read the last sentence in the last quote as, "We are confident we will prevail in the Delaware Court of Chicanery."
Now *that's* confidence.
Posted by: Robert is really, really tired at July 08, 2022 06:57 PM (hEkG4)
He's bribed all the judges, twice!
I read the last sentence in the last quote as, "We are confident we will prevail in the Delaware Court of Chicanery."
Now *that's* confidence.
Posted by: Robert is really, really tired at July 08, 2022 06:57 PM (hEkG4)
He's bribed all the judges, twice!
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:59 PM (b2nrj)
217
The courts and their "judges" are as corrupt as any pearl handled pistol carrying pimp.
Ski trips, whores, vacations at the shore, more whores, comped casino trips, more whores, more ski trips...
Posted by: Hairyback Guy at July 08, 2022 06:58 PM (R/m4+)
I picked the wrong career.
Ski trips, whores, vacations at the shore, more whores, comped casino trips, more whores, more ski trips...
Posted by: Hairyback Guy at July 08, 2022 06:58 PM (R/m4+)
I picked the wrong career.
Posted by: Robert is really, really tired at July 08, 2022 06:59 PM (hEkG4)
218
You get that, right? The Koch Family switched sides because the GOP couldn't be subverted as easily as the Democrats.
Weird how the party that once railed against Big Pharma now lines up for the job. Remember when there was a thing called the Peace Movement? Now they tweet about new arms sales.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:54 PM (llXky)
I agree completely, again!!! The Kochs and their like pretended to be conservative because they thought it would be an easy movement to control. As soon as the plebes showed they had ideas of their own, they were done with us, and looked for other, more pliable minions. They found them
Weird how the party that once railed against Big Pharma now lines up for the job. Remember when there was a thing called the Peace Movement? Now they tweet about new arms sales.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 06:54 PM (llXky)
I agree completely, again!!! The Kochs and their like pretended to be conservative because they thought it would be an easy movement to control. As soon as the plebes showed they had ideas of their own, they were done with us, and looked for other, more pliable minions. They found them
Posted by: Tom Servo at July 08, 2022 07:00 PM (trdmm)
219
NBC aired video of South Korean flags while announcing Shinzo Abe's death.
https://tinyurl.com/3unz25fc
https://tinyurl.com/3unz25fc
Posted by: Meade Lux Lewis, Domestic Terrorist at July 08, 2022 07:00 PM (sWM8x)
220
I didn't think it possible but Truth Social has taken the top position away from The Proud Boys as the stupidest name for a conservative organization.
Posted by: Anti doesn't matter at July 08, 2022 07:01 PM (Mv1CU)
221
The amount of money the Left throws around is astounding, we have nothing like that anymore.
Posted by: Victory at July 08, 2022 06:52 PM (3dm+3)
We did have one in Sheldon Adelson, a conservative supporter and casino owner, but he died in 2021.
But you are right, they have almost all the big dogs. And they hold the reins of many charities and philanthropic foundations.
Posted by: Victory at July 08, 2022 06:52 PM (3dm+3)
We did have one in Sheldon Adelson, a conservative supporter and casino owner, but he died in 2021.
But you are right, they have almost all the big dogs. And they hold the reins of many charities and philanthropic foundations.
Posted by: GnuBreed at July 08, 2022 07:01 PM (JOtiF)
222
Here we are second guessing a man who has the smarts to make multi billions of dollars.
Posted by: Tuna at July 08, 2022 06:55 PM (gLRfa)
It is a lot more fun that second guessing that guy Carmen, who works as a dish washer and has to have help figuring out which button to push to cross the street at the stoplight.
Great guy, good dishwasher, but pretty rectilinear thinker when all is considered.
Posted by: Tuna at July 08, 2022 06:55 PM (gLRfa)
It is a lot more fun that second guessing that guy Carmen, who works as a dish washer and has to have help figuring out which button to push to cross the street at the stoplight.
Great guy, good dishwasher, but pretty rectilinear thinker when all is considered.
Posted by: Kindltot at July 08, 2022 07:01 PM (xhaym)
223
If Twitter investors win, and force the sale, they will take their earnings and then seek to tank the company to spite Musk.
Posted by: Javems at July 08, 2022 07:02 PM (AmoqO)
224
219 NBC aired video of South Korean flags while announcing Shinzo Abe's death.
https://tinyurl.com/3unz25fc
Posted by: Meade Lux Lewis, Domestic Terrorist at July 08, 2022 07:00 PM (sWM8x)
*Shrug*
Slant eyes all look alike.
https://tinyurl.com/3unz25fc
Posted by: Meade Lux Lewis, Domestic Terrorist at July 08, 2022 07:00 PM (sWM8x)
*Shrug*
Slant eyes all look alike.
Posted by: The MFM at July 08, 2022 07:02 PM (hEkG4)
225
musk's tesla writes self driving software.
twitter is a software company that is basically a glorified comment section.
elon's engineers have chunks of guys like twitter's engineers in their stools.
twitter is a software company that is basically a glorified comment section.
elon's engineers have chunks of guys like twitter's engineers in their stools.
Posted by: x at July 08, 2022 07:02 PM (uQFwj)
226
Musk owns 73M shares of Twitter which is about $2.5B. He owns 9.5% just behind majority owner Vanguard at 10.78%.
He can still make plenty of noise but he may not want to materially hurt the price of the stock which is down 5% after the close.
He can still make plenty of noise but he may not want to materially hurt the price of the stock which is down 5% after the close.
Posted by: mogsmash at July 08, 2022 07:03 PM (z+jkv)
227
Champion of the Little Guy, if he's a union member and a lifelong Democrat.
Posted by: GLSD at July 08, 2022 06:57 PM (AMIL/)
===
watch how quick that changes is the union misses a few payments.
Posted by: GLSD at July 08, 2022 06:57 PM (AMIL/)
===
watch how quick that changes is the union misses a few payments.
Posted by: jc at July 08, 2022 07:03 PM (N1WXz)
228
NBC aired video of South Korean flags while announcing Shinzo Abe's death.
https://tinyurl.com/3unz25fc
Posted by: Meade Lux Lewis, Domestic Terrorist at July 08
They didn't know he was the emperor of China?
https://tinyurl.com/3unz25fc
Posted by: Meade Lux Lewis, Domestic Terrorist at July 08
They didn't know he was the emperor of China?
Posted by: She Hobbit at July 08, 2022 07:03 PM (ftFVW)
Posted by: John Kerry at July 08, 2022 07:03 PM (sWM8x)
230
I agree completely, again!!! The Kochs and their like pretended to be conservative because they thought it would be an easy movement to control. As soon as the plebes showed they had ideas of their own, they were done with us, and looked for other, more pliable minions. They found them
Posted by: Tom Servo at July 08, 2022 07:00 PM (trdmm)
---
BTW, the reason the super-rich don't fear the right is that the beta-cuck NRO types have said we must never, ever use government power to neuter large corporations.
So with the GOP mindlessly defending them, it was an easy call for them to buy out the Dems, who actually sounded like they might curtail their power.
Now we need to make it clear that no, really, a government than can give you all you need CAN take from you all you have. And will.
Posted by: Tom Servo at July 08, 2022 07:00 PM (trdmm)
---
BTW, the reason the super-rich don't fear the right is that the beta-cuck NRO types have said we must never, ever use government power to neuter large corporations.
So with the GOP mindlessly defending them, it was an easy call for them to buy out the Dems, who actually sounded like they might curtail their power.
Now we need to make it clear that no, really, a government than can give you all you need CAN take from you all you have. And will.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 07:03 PM (llXky)
231
I picked the wrong career.
Posted by: Robert is really, really tired at July 08, 2022 06:59 PM (hEkG4)
Probably not, Robert. An ex-congressional staffer once said that while in DC, no one on the street, in the offices or on the Metro would look you in they eye, and he thought it was because they all knew exactly what they were doing.
Posted by: Robert is really, really tired at July 08, 2022 06:59 PM (hEkG4)
Probably not, Robert. An ex-congressional staffer once said that while in DC, no one on the street, in the offices or on the Metro would look you in they eye, and he thought it was because they all knew exactly what they were doing.
Posted by: Kindltot at July 08, 2022 07:03 PM (xhaym)
232
Baby shark
Do do do do do
Posted by: nurse ratched
STOP IT!!!
I listened to that most of the day as it is. My little guy thinks it is the greatest tune ever created. Just shoot me.
Posted by: Tonypete at July 08, 2022 06:56 PM (Msys3)
........
Be sure to post it on TikTok.
Do do do do do
Posted by: nurse ratched
STOP IT!!!
I listened to that most of the day as it is. My little guy thinks it is the greatest tune ever created. Just shoot me.
Posted by: Tonypete at July 08, 2022 06:56 PM (Msys3)
........
Be sure to post it on TikTok.
Posted by: wth at July 08, 2022 07:04 PM (v0R5T)
233
215 Nearly every billionaire in the US is lined up on the other team.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:56 PM (b2nrj)
Never forget that every billionaire wants completely open borders to keep wages down and to give them the widest latitude of action. As soon as we made it clear that no, we didn't want Open Borders, their previously disguised contempt for us broke out into the open.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 06:56 PM (b2nrj)
Never forget that every billionaire wants completely open borders to keep wages down and to give them the widest latitude of action. As soon as we made it clear that no, we didn't want Open Borders, their previously disguised contempt for us broke out into the open.
Posted by: Tom Servo at July 08, 2022 07:04 PM (trdmm)
234
NBC aired video of South Korean flags while announcing Shinzo Abe's death.
I'm surprised they didn't praise his passed deeds like the Emancipation Proclamation.
I'm surprised they didn't praise his passed deeds like the Emancipation Proclamation.
Posted by: Anti doesn't matter at July 08, 2022 07:04 PM (Mv1CU)
235
"It is a lot more fun that second guessing that guy Carmen,............."
It is fun. I'm enjoying the back and forth here. I know zip about such matters so it's also a great learning experience.
It is fun. I'm enjoying the back and forth here. I know zip about such matters so it's also a great learning experience.
Posted by: Tuna at July 08, 2022 07:04 PM (gLRfa)
236
Musk is going to expose somewhere around 30-35% faked users which means fraud. Particularly in ad rates and revenue based on fraudulent audience. Discovery is going to be epic. People are going to jail. Musk is a genius at this stuff.
Posted by: MyInnerBeth at July 08, 2022 07:04 PM (cRbt7)
237
Y’all may have already figured it out but I just discovered if I use the Brave App on my phone, Ace of Spades HQ works like a charm. The problem may be safari. Do you think it’s blocking this content?
Posted by: Miss Issippi at July 08, 2022 07:05 PM (Kw2hd)
238
With the SEC of all organizations now weighing in and agreeing that Twitter is material breach of the Musk purchase agreement I think things are looking a bit dicey for Twitter.
Posted by: JackStraw at July 08, 2022 07:05 PM (ZLI7S)
239
The notion that Musk is doing this or anything else involving billions of dollars because he's pissed off is ridiculous.
Posted by: Ordinary American at July 08, 2022 07:05 PM (H8QX8)
240
If Twitter investors win, and force the sale, they will take their earnings and then seek to tank the company to spite Musk.
Posted by: Javems at July 08, 2022 07:02 PM (AmoqO)
---
And this should bother me...why?
I mean that's it? That's their power move? Corporate suicide?
"Your terms are acceptable."
Posted by: Javems at July 08, 2022 07:02 PM (AmoqO)
---
And this should bother me...why?
I mean that's it? That's their power move? Corporate suicide?
"Your terms are acceptable."
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 07:05 PM (llXky)
241
223 If Twitter investors win, and force the sale, they will take their earnings and then seek to tank the company to spite Musk.
Posted by: Javems at July 08, 2022 07:02 PM (AmoqO)
They can't force the sale, at most they can get the breach of contract fee.
Posted by: Javems at July 08, 2022 07:02 PM (AmoqO)
They can't force the sale, at most they can get the breach of contract fee.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 07:06 PM (b2nrj)
242
Now we need to make it clear that no, really, a government than can give you all you need CAN take from you all you have. And will.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 07:03 PM (llXky)
And that's why I loved the way DeSantis went after Disney, and why all of the NeverTrumpers were so horrified by it.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 07:03 PM (llXky)
And that's why I loved the way DeSantis went after Disney, and why all of the NeverTrumpers were so horrified by it.
Posted by: Tom Servo at July 08, 2022 07:06 PM (trdmm)
243
238 With the SEC of all organizations now weighing in and agreeing that Twitter is material breach of the Musk purchase agreement I think things are looking a bit dicey for Twitter.
Posted by: JackStraw at July 08, 2022 07:05 PM (ZLI7S)
Not seeing anything from the SEC, what are you referring to?
Posted by: JackStraw at July 08, 2022 07:05 PM (ZLI7S)
Not seeing anything from the SEC, what are you referring to?
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 07:07 PM (b2nrj)
244
Y’all may have already figured it out but I just discovered if I use the Brave App on my phone, Ace of Spades HQ works like a charm. The problem may be safari. Do you think it’s blocking this content?
Posted by: Miss Issippi at July 08, 2022 07:05 PM (Kw2hd)
Nah, Safari is just shitty code.
Posted by: Miss Issippi at July 08, 2022 07:05 PM (Kw2hd)
Nah, Safari is just shitty code.
Posted by: Napoleon XIV at July 08, 2022 07:07 PM (AiZBA)
245
The notion that Musk is doing this or anything else involving billions of dollars because he's pissed off is ridiculous.
Posted by: Ordinary American at July 08, 2022 07:05 PM (H8QX
---
Embrace the healing concept of "and."
Musk is pissed *and* he wants to take over Twitter.
Or wreck those lying to him. So many reasons for what he is doing, but none of them require him to be irrational or a fool.
Posted by: Ordinary American at July 08, 2022 07:05 PM (H8QX
---
Embrace the healing concept of "and."
Musk is pissed *and* he wants to take over Twitter.
Or wreck those lying to him. So many reasons for what he is doing, but none of them require him to be irrational or a fool.
Posted by: Ace-Endorsed Author A.H. Lloyd at July 08, 2022 07:08 PM (llXky)
246
In a way, it kind of is. Judges don't just rule on the law but on what they call "equity".
Posted by: JackStraw
Which is true in the entire US legal system. Just not widely known.
Posted by: JackStraw
Which is true in the entire US legal system. Just not widely known.
Posted by: Sharkman at July 08, 2022 07:08 PM (2AlIJ)
247
Not seeing anything from the SEC, what are you referring to?
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 07:07 PM (b2nrj)
Yeah, Nick Saban hasn't weighed in yet.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 07:07 PM (b2nrj)
Yeah, Nick Saban hasn't weighed in yet.
Posted by: Tom Servo at July 08, 2022 07:08 PM (trdmm)
248
Via Stephen Kruiser at PJM, a reminder that not everything or everyone sucks.
https://tinyurl.com/4cxz69p
Picture of a young human male that's actually worth a shit.
https://tinyurl.com/4cxz69p
Picture of a young human male that's actually worth a shit.
Posted by: Robert at July 08, 2022 07:08 PM (hEkG4)
Posted by: banana Dream at July 08, 2022 07:08 PM (0fVbu)
250
In memory of Larry Storch, I’m decamping to You Tube to watch the politically-incorrect opening credits of “F Troop,” “Where Redskin an Paleface both turn chicken.”
Posted by: Bulgaroctonus at July 08, 2022 07:09 PM (rzOL9)
251
>>Not seeing anything from the SEC, what are you referring to?
Look at the second tweet in this thread.
The SEC is no friend of Musk.
https://tinyurl.com/4sx9u35s
Look at the second tweet in this thread.
The SEC is no friend of Musk.
https://tinyurl.com/4sx9u35s
Posted by: JackStraw at July 08, 2022 07:10 PM (ZLI7S)
252
nood
Boobs
You will not like them
Posted by: banana Dream at July 08, 2022 07:08 PM (0fVbu)
***holds breath***
Boobs
You will not like them
Posted by: banana Dream at July 08, 2022 07:08 PM (0fVbu)
***holds breath***
Posted by: In Reel Life (yes, dummy, on purpose) at July 08, 2022 07:11 PM (QYPq3)
253
251 >>Not seeing anything from the SEC, what are you referring to?
Look at the second tweet in this thread.
The SEC is no friend of Musk.
https://tinyurl.com/4sx9u35s
Posted by: JackStraw at July 08, 2022 07:10 PM (ZLI7S)
That's Musk's filing alleging it, not the SEC weighing in, which would be odd at this stage. I'm not aware of an ongoing investigation.
Look at the second tweet in this thread.
The SEC is no friend of Musk.
https://tinyurl.com/4sx9u35s
Posted by: JackStraw at July 08, 2022 07:10 PM (ZLI7S)
That's Musk's filing alleging it, not the SEC weighing in, which would be odd at this stage. I'm not aware of an ongoing investigation.
Posted by: Red Turban Someguy - The Republic is already dead! at July 08, 2022 07:12 PM (b2nrj)
254
#14 of Bad Blue -Border Patrol agents in the "whipping ' picture will get no more than 14 days suspension for unsafe conduct and poor judgement
Posted by: Skip at July 08, 2022 07:12 PM (2JoB8)
255
The notion that Musk is doing this or anything else involving billions of dollars because he's pissed off is ridiculous.
So you've never bought a gun out of spite. Or cut somebody off in traffic simply because "fuck them" ?
Maybe you are right. Maybe Musk is really Spock. But I doubt it.
So you've never bought a gun out of spite. Or cut somebody off in traffic simply because "fuck them" ?
Maybe you are right. Maybe Musk is really Spock. But I doubt it.
Posted by: Here We Go Again at July 08, 2022 07:13 PM (Gc7HD)
256
Now " Nood Boobs " is how you sell it
Posted by: Skip at July 08, 2022 07:13 PM (2JoB8)
257
It's hard to see all the places that they donate and say they are commies. Looks like mostly conservative.
https://kochdocs.org/
the-koch-empire/990s-koch-
affiliated-foundations/
Link: https://bit.ly/3yM9ZzB
https://kochdocs.org/
the-koch-empire/990s-koch-
affiliated-foundations/
Link: https://bit.ly/3yM9ZzB
Posted by: Braenyard at July 08, 2022 07:15 PM (dBq3T)
258
Need Courts of Chaucery
Posted by: Anna Puma at July 08, 2022 07:19 PM (slnmt)
259
So you've never bought a gun out of spite. Or cut somebody off in traffic simply because "fuck them" ?
Maybe you are right. Maybe Musk is really Spock. But I doubt it.
Posted by: Here We Go Again at July 08, 2022 07:13 PM (Gc7HD)
Buying a gun out of spite is not comparable to a multi-billion dollar deal. I don't deny that Musk has the capacity to be pissed or that some part of his motivation doesn't have an emotional component. But I don't believe this rules his decisions one way or the other. That's not how it works with highly successful CEOs.
Maybe you are right. Maybe Musk is really Spock. But I doubt it.
Posted by: Here We Go Again at July 08, 2022 07:13 PM (Gc7HD)
Buying a gun out of spite is not comparable to a multi-billion dollar deal. I don't deny that Musk has the capacity to be pissed or that some part of his motivation doesn't have an emotional component. But I don't believe this rules his decisions one way or the other. That's not how it works with highly successful CEOs.
Posted by: Ordinary American at July 08, 2022 07:22 PM (H8QX8)
260
Musk has already done this once so far, if not in the same language when Twitter refused to give him the first data dump and expected him to believe their survey of 20 or so accounts that showed 5 percent bots.
A little bit later and they gave him a big chunk of information he was asking for.
This may just be the next cycle of that process.
A little bit later and they gave him a big chunk of information he was asking for.
This may just be the next cycle of that process.
Posted by: OldCat at July 08, 2022 07:26 PM (eoQWY)
261
RIP, Shinzo Abe.
Posted by: Comrade flounder, wrecker, hoarder, saboteur at July 08, 2022 07:33 PM (nByzo)
262
Baby shark
Do do do do do
Posted by: nurse ratched
STOP IT!!!
I listened to that most of the day as it is. My little guy thinks it is the greatest tune ever created. Just shoot me.
Posted by: Tonypete at July 08, 2022 06:56 PM (Msys3)
I just spent a week visiting granddaughters, 18 mo's and 3 1/2. Baby Shark played incessantly in the background. I got my revenge though. Just before I left for home I taught them Little Bunny Foo Foo and told them it only works if everyone in the room sings along and does the hand motions.
My daughter hasn't been able to get any housework done all week.
Bwahawahaha!
Do do do do do
Posted by: nurse ratched
STOP IT!!!
I listened to that most of the day as it is. My little guy thinks it is the greatest tune ever created. Just shoot me.
Posted by: Tonypete at July 08, 2022 06:56 PM (Msys3)
I just spent a week visiting granddaughters, 18 mo's and 3 1/2. Baby Shark played incessantly in the background. I got my revenge though. Just before I left for home I taught them Little Bunny Foo Foo and told them it only works if everyone in the room sings along and does the hand motions.
My daughter hasn't been able to get any housework done all week.
Bwahawahaha!
Posted by: Just Lily at July 08, 2022 07:33 PM (RLLZj)
263
By way of eye bleach for Madama Speaker, here is pic of Eva Vlaardingerbroek:
https://tinyurl.com/2l8y2jzp
By way of eye bleach for Madama Speaker, here is pic of Eva Vlaardingerbroek:
https://tinyurl.com/2l8y2jzp
Posted by: publius, Rascally Rapscallion (Mzdiz) at July 08, 2022 07:33 PM (Mzdiz)
264
In fairness to musk, when he offered this buyout, we all knew a recession was coming. We knew our neighbors couldn't keep affording the housing, gas, and groceries price jumps at same time. That they were just running up their credit cards believing CNN and Bidens team on inflation being temporary. 6 weeks later it was dawning on the low info crowd that high gas, food, and housing prices were sticking around and they started tightening their belts. Musk is far too rich to even notice this or even know anyone even slightly affected.
Posted by: Shiggz at July 08, 2022 07:40 PM (0SrVS)
265
Twitter committed fraud.
No penalty to Musk.
No penalty to Musk.
Posted by: torabora at July 08, 2022 08:47 PM (Y274z)
266
Musk had no intention of buying Twitter, because Twitter isn't subsidized by a government (SpaceX, Tesla exist only because of government subsidies and credits). He only wanted a quick hit of dopamine for his Messiah Complex.
Posted by: MikeY at July 08, 2022 08:51 PM (MOTel)
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