-
Ever wanted an RSS feed of all your favorite gaming news sites? Go check out our new Gaming Headlines feed! Read more about it here.
Twitter sues Elon Musk
- Thread starter Shard Shinjuku
- Start date
- News
Pretty meh. Most likely Musk will end up paying the 1b break up fee, even though he liquidated 8.5b in Tesla stock without the share price tanking..
Fuck him.
Feel bad for whoever works there now. It's a lose/lose situation right now. And he needs to lose the most.
Feel bad for whoever works there now. It's a lose/lose situation right now. And he needs to lose the most.
Nah, they need to keep him on for now. He might give them more material to add to the lawsuit with his tweets. It's hilarious seeing his meme tweet in the actual filing.
Any good resources on how this is likely to actually play out? Preferably not just random Twitter speculation.
There is no 1Bn breakup fee unless Musk except maybe it Musk wins the lawsuit.
The outcomes are he wins and pays that and is done, he loses and pays 44Bn, or he settles with Twitter for some smaller amount.
Yep. Musk is trying to reneg on a deal he already signed and Twitter are suing to get him to actually stick to it.
Last edited:
Apparently this Court of Chancery doesn't play. Decisions are usually relatively quick and they exist for cases like these. Also no jury involved.
This scenario is not what the breakup fee is for. it's not a Musk is an irrational asshole fee it's a fee paid if the merger is blocked externally, not a fee Musk can pay because he got cold feet.
Lmaoooo the even got the tweet from less than a day ago. Damn.
Yeah let him stay just so he fucks his case over even more.
So what's the fee if he doesn't have to buy? $22 bill at least, right?
He's going to get crushed. Though even then he'll still have billions in personal wealth so...sigh.
He's going to get crushed. Though even then he'll still have billions in personal wealth so...sigh.
QUOTE="Dalek, post: 89898183, member: 2220"]
Explain it to layperson like me.
What are the potential outcomes here?
[/QUOTE]
chuck norris jokes weren't even funny in the 90s
in fact i maintain the only funny chuck Norris thing was the Walker Texas Ranger Lever from Conan, and only because it showed off just how fucking bad that show was
He's gonna pay $1billion in fine then walk away.
For rich people, punishable by fine is basically legal for a price.
For rich people, punishable by fine is basically legal for a price.
The break up fee is if something outside of either parties control happens, like the government says the purchase isn't allowed.
It's not a "take my ball and go home" fee.
This is great. My feeling is they're goingfor something in the purple zone
If Twitter can prove he is on the hook for the deal he's not getting way with a $1 billion break up fee/fine.
There is no breakup fee anymore. The only way he pays less than the $44 billion is if Musk wins the lawsuit or the parties settle.
EDIT: or the court could order Musk to pay damages, etc. Either way, we're past the point of the $1billion breakup fee now.
Last edited:
they want the blue zone. I really don't see a reason for them to settle. They want out and the big pay check.
1. Court orders Musk to pay damages to Twitter (in the neighborhood of $1-2 Billion) and Twitter stays public and independent of Musk
2. Court orders Musk to go through the deal, Twitter is sold to him for $44 Billion, and he's out tens of billions of dollars.
3. In an attempt to avoid the above two options, Twitter and Musk come to an agreement to either
3a. Sell Twitter to Musk for less than $44 Billion, or
3b. Let Musk abandon the deal but pay more than #1-2 billion
I hope he gets absolutely rekt, and to be honest, since he was clearly trying to manipulate the market with these shenanigans, investigated for crimes.
The Twitter board want the blue zone. This whole ordeal turned Twitter into a sinking ship of their own design and now they want to cash out of it without being saddled with the responsibility to course correct it.
The ideal option is the purple, because frankly neither party deserves the satisfaction after this shitshow. The damage is done.
Why the hell would they do that when that moron can't stop giving Twitters lawyers material to use against him?
I don't even understand the issue, didn't Twitter say they would hand over all of their data regarding bots(exactly what musk was asking for)? This is all on Musk if so, no way he wins
IDK, cash infusion plus keep the company seems like the best possible deal. They can sell it to other ppl after
He said so much contradictory shit that will 100% be brought up in court, like originally he said he wanted to buy Twitter BECAUSE there were too many bots. He also waved any due diligence which meant that Twitter basically owed him jack shit, but went along with it anyway.
Musk never actually intended to buy twitter for $44 billion. He tried to outsmart the room to drive up his own stock (probably taking a cue from Trump) and ended up tanking Tesla and tried to weasel his way out of it.