4 ms·
Not well versed in any of this, but could this be Musk just toying around with Twitter and/or him bluffing to get a reaction? Does he have any legal obligation
by mym1990 5y ago
Not well versed in any of this, but could this be Musk just toying around with Twitter and/or him bluffing to get a reaction? Does he have any legal obligation to go through with the purchase if Twitter was open to it?
- friesfreeze 5y ago(1) yes, though would be an expensive troll and (2) no - offer was non-binding and very conditional (due diligence, financing, etc.)
- mym1990 5y agoThank you! Why would it be an expensive troll if no money is changing hands?
- friesfreeze 5y agoWell (1) you can be sure Musk is paying lawyers $$$ to make sure he doesn't deeply fuck up on any securities rules given his contentious relationship with the SEC [though fairly that might be de minimus to him] (2) there is an opportunity cost to putting money so much money in twitter just for laughs [he could be doing other things] and (3) there is risk that the twitter stock could fall out from under him. (3) is really only a cost relative to having the money in a diversified portfolio - but it is a real cost nonetheless.
- loeg 5y agoHe has put like $4 billion into Twitter stock, which is volatile.