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Why would shareholders care if they are all selling it to him?
by heliophobicdude 4y ago
Why would shareholders care if they are all selling it to him?
- almog 4y agoWell, I could have been more clear: I imagine that Such headline could start mass exodus of Twitter employees looking for new jobs and leaving the company to avoid being fired by Musk if/when recession hits. If people start leaving to a degree that interfere with Twitter operations, all while the case is still in court (even though Musk offered to dismiss it and settle the deal while Twitter shareholders were wary of it being another trick), I imagine that Musk could try and argue that while he was trying to close the deal, the company has deteriorated and thus he's eligible to withdraw. This is just a hypothesis based on myself being cynical and obviously not quite familiar with what legal ground such ploy might have.
- jshzglr 4y agoYour last line is the only one that made any sense.
- almog 4y agoHow so?
- yonaguska 4y agoRecession is already here for one, not sure about the other parts. The question is if it becomes a depression.
- almog 4y agoSo you know that the US(?) economy is already in recession right now? While I suppose it's possible, you're saying it's confirmed, would you mind sharing what brought you to that conclusion?
- superchroma 4y agoElon constantly works on schemes. Taking him at his word is a fool's errand.
- ytpete 4y agoIt might be more a play to spook his co-investors into backing out of financing the deal, which then gives him an excuse not to go through with it (while also covering part of whatever penalty fee he can negotiate using whatever penalties his financiers would owe to him).