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Or, alternatively, Twitter is a shit show behind the scenes and Musk is seeing red flags in diligence.
by parkingrift 4y ago
Or, alternatively, Twitter is a shit show behind the scenes and Musk is seeing red flags in diligence.
- hooande 4y agoThere isn't formal due diligence, he's already made the offer. He doesn't (legally) have access to any information that he didn't have access to weeks ago.
- gsibble 4y agoOf course there is formal due diligence. He basically gave them a term sheet and now they've opened their books. That's why he can walk away and pay $1 billion if he doesn't like what he sees.
- josho 4y agoWhat due diligence occurs when buying a public company? We already have access to the company’s financial filings.
- outworlder 4y agoSo you are saying TWTR reported fraudulent financials?
- parkingrift 4y agoThat isn’t how acquisitions works. What Elon and Twitter have done is effectively sign an LOI. Now they do actual diligence to close the deal, or walk away and pay the breakup fee.
- avs733 4y agoSo what is the evidence in support of that hypothesis? The pattern of behavior by Elon seems pretty strong support for the alternative. The only support I see for this position is the assumption that musk is smarter than everyone else.
- parkingrift 4y agoIn support of what hypothesis? Musk is in diligence. To walk away without any cause he would have to pay $1,000,000,000. He doesn’t have to say why he’s decided to walk away, but he has a billion reasons not to walk without cause.
- scarface74 4y agoTwitter’s financials and business strategy are shit show in front of the scenes.