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He’s rich enough to drag this through the court for long enough to bankrupt Twitter, though.
by planarhobbit 4y ago
He’s rich enough to drag this through the court for long enough to bankrupt Twitter, though.
- nocoiner 4y agoHe’s really not. This case will be tried in the most efficient corporate law court in the country. They make a particular effort to render speedy decisions.
- bandyaboot 4y agoFirst, the notion that Twitter would have difficulty funding extended litigation is just ridiculous. Second, Musk won’t be able to make this a long drawn out process. This court moves quickly and appeals go straight to the State Supreme Court.
- lovich 4y agoIf that’s true, why does anyone run a business? Deals don’t matter and you might as well hire some guys willing to break your competitors kneecaps rather than engage in due diligence when selling. Elon getting away with walking off this deal unscathed financially is in no one’s best interested but Elon’s
- Ekaros 4y agoThere is no way this will bankrupt a multi-billion dollar company. And that there isn't someone ready to fund it to keep it running in off-chance of making billions when Musk has to do good for his word.
- anonymousab 4y agoThe trick is that if Twitter succeeds, then their legal fees become Musk's legal fees by virtue of him owning the company. They are heavily incentivized to go at this as hard and long as possible if they are to go at it at all.