3 ms·
Oh it's definitely not about a billion dollars. He'd pay that out in an instant if he could. The contract he signed and the law itself is not on his side, he ma
by dahdum 4y ago
Oh it's definitely not about a billion dollars. He'd pay that out in an instant if he could. The contract he signed and the law itself is not on his side, he may yet slither out of his commitments, but Twitter would never settle for a mere $1B when they've lost so much more in value due to him.
- spywaregorilla 4y agoTwitter hasn't lost anything due to him? Their share price would likely be lower if not for his dumb shenanigans. The contract is pretty clear that he can walk away for $1B, which is a lot of money.
- deleted 4y ago[deleted]
- dahdum 4y agoThat's not what the contract says. The $1B breakup was only if bank financing fell through, which it did and has not. The banks are still bound by their commitment letters to provide the required financing, and it doesn't look too plausible they could back out of those contracts. Levine covered it well here: https://www.bloomberg.com/opinion/articles/2022-07-09/elon-s-out https://www.bloomberg.com/opinion/articles/2022-07-09/elon-s...