3 ms·

That’s not how any of this works. E.g. the contract he signed already has the price he agreed to buy Twitter for.

by Pulcinella 4y ago

henry_bone 4y ago
Could it be (& I am asking) that he can invalidate the current contract on the grounds that daily active users aren't what twitter said. Then could they draft a new contract, complete with a new price and daily active users estimates? I don't know anything, so I'm asking. If someone out there is a M&A lawyer and can shed light, that would be great.
- svachalek 4y ago
  The first line is what he is trying to do right now. The answer seems to be "maybe", it's going to court because there's a chance that he can but Twitter also thinks there's a chance he cannot. The second, maybe. I doubt that Twitter would be interested. -- not an M&A lawyer
- nemothekid 4y ago
  He could but 1.) Twitter would need to be egregiously wrong. If Musk found that 7% of mDAU were bots, he would likely still be forced to purchase 2.) I feel like the inverse; that Twitter, it’s board, manager and employees were all in on a massive conspiracy to understate the bot problem for almost a decade. The number they presented wasn’t something they just gave musk, it was a number that they have been reporting to the SEC and investors for several years. It would be a massive fraud for Twitter to have committed. In my opinion the whole thing is a massive distraction so Elon could pull out. The amount of people who only read (but never post) likely dwarfs the number of bots elon suspects there is (if the 90-9-1 rule is anything to go by). The mDAU number is a different, much larger, number than actual tweeters
- Redoubts 4y ago
  You can find the thoughts of an M&A Lawyer here: https://www.bloomberg.com/opinion/articles/2022-07-09/elon-s-out https://www.bloomberg.com/opinion/articles/2022-07-09/elon-s...

3 ms·

That’s not how any of this works. E.g. the contract he signed already has the price he agreed to buy Twitter for.

by Pulcinella 4y ago

That’s not how any of this works. E.g. the contract he signed already has the price he agreed to buy Twitter for.

henry_bone 4y ago
Could it be (& I am asking) that he can invalidate the current contract on the grounds that daily active users aren't what twitter said. Then could they draft a new contract, complete with a new price and daily active users estimates? I don't know anything, so I'm asking. If someone out there is a M&A lawyer and can shed light, that would be great.
- svachalek 4y ago
  The first line is what he is trying to do right now. The answer seems to be "maybe", it's going to court because there's a chance that he can but Twitter also thinks there's a chance he cannot. The second, maybe. I doubt that Twitter would be interested. -- not an M&A lawyer
- nemothekid 4y ago
  He could but 1.) Twitter would need to be egregiously wrong. If Musk found that 7% of mDAU were bots, he would likely still be forced to purchase 2.) I feel like the inverse; that Twitter, it’s board, manager and employees were all in on a massive conspiracy to understate the bot problem for almost a decade. The number they presented wasn’t something they just gave musk, it was a number that they have been reporting to the SEC and investors for several years. It would be a massive fraud for Twitter to have committed. In my opinion the whole thing is a massive distraction so Elon could pull out. The amount of people who only read (but never post) likely dwarfs the number of bots elon suspects there is (if the 90-9-1 rule is anything to go by). The mDAU number is a different, much larger, number than actual tweeters
- Redoubts 4y ago
  You can find the thoughts of an M&A Lawyer here: https://www.bloomberg.com/opinion/articles/2022-07-09/elon-s-out https://www.bloomberg.com/opinion/articles/2022-07-09/elon-s...