Elon Musk Ends Twitter Takeover Attempt

08 Jul 2022 16:13 #1 by FredHayek
Costs him a billion dollars to terminate the deal. (I think he can afford it.) Will he make an attempt later? The deal he had sought priced Twitter at much too much. Maybe if he tries again in 2023?

Thomas Sowell: There are no solutions, just trade-offs.

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08 Jul 2022 17:17 #2 by ramage
even if he should lose the $1 billion . He can buy Titter stock at a 25% discount in his offer, garnering him roughly $10 billion.

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09 Jul 2022 06:34 #3 by homeagain
THE REASON STATED WAS no verification OF ACTUALLY NUMBER OF SPAMBOTS...important that transparency is present....but then, of course the Twitter titans CAN FORCE him to court....I see a battle
brewing.

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09 Jul 2022 11:28 #4 by FredHayek
:camper: :4thjulymirz Turns out the real reason Elon Musk is no longer buying Twitter? He wants to spend more time with his families! (Kidding!)

Thomas Sowell: There are no solutions, just trade-offs.
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09 Jul 2022 13:24 #5 by Rick

homeagain wrote: THE REASON STATED WAS no verification OF ACTUALLY NUMBER OF SPAMBOTS...important that transparency is present....but then, of course the Twitter titans CAN FORCE him to court....I see a battle
brewing.

. Twitter is just another arm of the Democrat party that censors out narrative breakers and dishonestly counts actual users. It’s a fraud, just like Biden. Musk has nothing to worry about, but Twitter should be very worried.

It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies and nosers−out of unorthodoxy

George Orwell

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09 Jul 2022 14:46 #6 by ramage
Twitter is very worried. Their CEO, Parag Agrawal, fought as hard as he could to prevent Musk from buying Twitter, realizing that the stockholders were for the sale, he reluctantly supported it. Now he is talking about suing Musk for not completing the sale. He is aware that the shareholders are very upset with the tanking of the stock price under his leadership.

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09 Jul 2022 15:04 #7 by homeagain
www.yahoo.com/finance/news/musk-moves-ab...itter-120844798.html

setting a stage for a legal battle. Meanwhile, the company maintains it has complied with all of the terms of its agreement and has turned over its "firehose," a massive stream of data comprising more than 500 million tweets posted everyday. Legal experts say Musk's case doesn't meet a threshold to allow him to walk away from the deal.

OOPS, "out the door"....not

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09 Jul 2022 17:14 #8 by Rick
Ah yes, the legal "experts". LOL

Are these the same experts that tell you Trump will be convicted of something?

It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies and nosers−out of unorthodoxy

George Orwell
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09 Jul 2022 17:28 #9 by FredHayek

ramage wrote: even if he should lose the $1 billion . He can buy Titter stock at a 25% discount in his offer, garnering him roughly $10 billion.

Great point.

Thomas Sowell: There are no solutions, just trade-offs.

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09 Jul 2022 17:29 #10 by FredHayek

ramage wrote: Twitter is very worried. Their CEO, Parag Agrawal, fought as hard as he could to prevent Musk from buying Twitter, realizing that the stockholders were for the sale, he reluctantly supported it. Now he is talking about suing Musk for not completing the sale. He is aware that the shareholders are very upset with the tanking of the stock price under his leadership.

Funny to see the Left now demanding that Musk finish his hostile takeover of Twitter.

Thomas Sowell: There are no solutions, just trade-offs.

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