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Would Elon make a move like this without knowing what the consequences are? It looks like Twitter is going after him out of spite

by emrah 4y ago

BeefWellington 4y ago
> Would Elon make a move like this without knowing what the consequences are? Yes? The man has built a number of successful businesses but he is by no means infallible when it comes to these kinds of moves. From being replaced at PayPal to calling someone a pedophile because his toy submarine was useless to rescuers in a flooded cave system, he's definitely shown he's capable of making poor calls and not considering the outcome. That was literally his defense at the libel trial related to the latter.
- fargle 4y ago
  > That was literally his defense at the libel trial related to the latter. That he won, btw. https://www.bbc.com/news/world-us-canada-50695593 https://www.bbc.com/news/world-us-canada-50695593 Of course, US rules for libel make it a lot harder for the plaintiff to prevail. But I think he knew pretty much what he could get away with and pushed it right to the line.
  - BeefWellington 4y ago
    I'm aware. However, if that were true he wouldn't have deleted his tweets, apologized, and walked back his statements as "just a joke".
weare138 4y ago
Spite? He signed a legal agreement to buy Twitter or pay $1B to cancel the deal or at least that's the amount I've read was in the contract. Elon was given the opportunity to investigate any concerns he had before he agreed to buy Twitter, just like with any corporate acquisition, but for some inexplicable reason waived due diligence and signed anyways. He had the opportunity but gave it up. Don't know why, seems incredibly reckless for a deal of this size but he did. Then after the fact he claimed he wasn't given data on the number of bot accounts even though he waived his right and could have requested all this data beforehand. Even still Twitter complied. Now Elon is claiming that still isn't enough data? The data is inaccurate? I'm not exactly sure what's he claiming, it all seems vague. But whatever the reason, Elon is claiming it's somehow in violation of the contract in order to walk away from the deal without having to pay the agreed fines. In what other situation could you do something like that? If you signed a contract to buy a house as-is after waiving your right to inspect it, well guess what? You just bought that house regardless of how you feel about it. If you agreed to pay fines that allowed you to back out of the contract after the fact then you owe that money. That's just the way contracts work. Why wouldn't Twitter sue?

Would Elon make a move like this without knowing what the consequences are? It looks like Twitter is going after him out of spite

by emrah 4y ago

Would Elon make a move like this without knowing what the consequences are? It looks like Twitter is going after him out of spite

BeefWellington 4y ago

> Would Elon make a move like this without knowing what the consequences are? Yes? The man has built a number of successful businesses but he is by no means infallible when it comes to these kinds of moves. From being replaced at PayPal to calling someone a pedophile because his toy submarine was useless to rescuers in a flooded cave system, he's definitely shown he's capable of making poor calls and not considering the outcome. That was literally his defense at the libel trial related to the latter.

fargle 4y ago
> That was literally his defense at the libel trial related to the latter. That he won, btw. https://www.bbc.com/news/world-us-canada-50695593 https://www.bbc.com/news/world-us-canada-50695593 Of course, US rules for libel make it a lot harder for the plaintiff to prevail. But I think he knew pretty much what he could get away with and pushed it right to the line.
- BeefWellington 4y ago
  I'm aware. However, if that were true he wouldn't have deleted his tweets, apologized, and walked back his statements as "just a joke".

weare138 4y ago

Spite? He signed a legal agreement to buy Twitter or pay $1B to cancel the deal or at least that's the amount I've read was in the contract. Elon was given the opportunity to investigate any concerns he had before he agreed to buy Twitter, just like with any corporate acquisition, but for some inexplicable reason waived due diligence and signed anyways. He had the opportunity but gave it up. Don't know why, seems incredibly reckless for a deal of this size but he did. Then after the fact he claimed he wasn't given data on the number of bot accounts even though he waived his right and could have requested all this data beforehand. Even still Twitter complied. Now Elon is claiming that still isn't enough data? The data is inaccurate? I'm not exactly sure what's he claiming, it all seems vague. But whatever the reason, Elon is claiming it's somehow in violation of the contract in order to walk away from the deal without having to pay the agreed fines. In what other situation could you do something like that? If you signed a contract to buy a house as-is after waiving your right to inspect it, well guess what? You just bought that house regardless of how you feel about it. If you agreed to pay fines that allowed you to back out of the contract after the fact then you owe that money. That's just the way contracts work. Why wouldn't Twitter sue?