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He currently owes twitter 44B, but actual damages would be 44B minus the FMV, so closer to like 10-20.
by deelowe 4y ago
He currently owes twitter 44B, but actual damages would be 44B minus the FMV, so closer to like 10-20.
- roflyear 4y agoWhere are you guys getting this number from? Similar cases have settled for almost the full original amount. Like 95%+. Not half or less than half. Are you just making stuff up?
- dylan604 4y agoIt's the internet. Just say it with enough conviction, and others will buy it. Continue to say it, and everyone will buy it. Er, not just the internet now
- deleted 4y ago[deleted]
- cookingrobot 4y agoThey’re saying that if everyone just did what they agreed to do: - Musk would give Twitter shareholders $44B in cash, - Twitter shareholders would give Musk ownership of the company. Note that today, Twitter is worth $28B. So the agreed deal essentially gives the shareholders $16B in profit. So a judge might tell Musk he can’t back out and has to buy Twitter for $44B like he said he would. Or it might let him just give the shareholders $16B and not get the company.
- roflyear 4y agoWhen has the second instance ever happened and what's the mechanism for that? Every shareholder gets a check?
- 988747 4y agoTypically, if you want to distribute money to each and every shareholder you pay them dividend. Must would only need to wire money to Twitter corporate account first.
- tsimionescu 4y agoI won't speculate on what the damages might be in a trial, but yes, he owes them $44B but they owe him the whole company after he pays.