4 ms·
"Forced into buying it" is really not an accurate way to think about it. It makes it sound like he never wanted to buy Twitter, when in fact he did want to buy
by wyclif 4y ago
"Forced into buying it" is really not an accurate way to think about it. It makes it sound like he never wanted to buy Twitter, when in fact he did want to buy it for less money because he knew the valuation was too high (because of bot farms, managerial bloat, &c.)
- saghm 4y ago> he knew the valuation was too high (because of bot farms, managerial bloat, &c.) "He knew the valuation was too high" is really not an accurate way to think about it. It makes it sound like he successfully proved those claims, when in fact he failed to present compelling enough evidence in court when he tried to use legal action to back out.
- wyclif 4y agoOops! Turns out Wachtell & Turner and the previous Twitter board hid evidence of fraudulent metrics. This could easily turn into legal popcorn time: https://twitter.com/elonmusk/status/1586885887341645824 https://twitter.com/elonmusk/status/1586885887341645824
- riffraff 4y agoHe set the price, than backpedaled not because he discovered new information, which he did not, but because the market slumped. We know this because he decided not to go to court to prove that Twitter had hidden information.
- pjc50 4y agoHe said he'd buy it at $54.20 and they held him to that. If he didn't mean it he shouldn't have said it (a constant Elon problem)