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As best I’ve been able to discern it, Musk said he was going to buy Twitter for a way overvalued sum ($44bn) as a troll? But ended up getting in so deep that he
by afavour 4y ago
As best I’ve been able to discern it, Musk said he was going to buy Twitter for a way overvalued sum ($44bn) as a troll? But ended up getting in so deep that he found himself with a legal obligation to buy the thing for an absurd price.
It’s the explanation that makes the most sense to me: obscenely rich man is very used to doing whatever the hell he wants with no repercussions, particularly when shitposting on Twitter (see: SEC) and there was no-one around to tell him to stop.
- hinkley 4y agoWhat kinds of fines would he have been facing for pulling the ejection lever? How much has he lost on this deal by taking it?
- johnny22 4y agohe would have been sued by twitter for the full price, and would have had to pay.
- hinkley 4y agoSo what you're saying is that he's been treating his lawyers the same way he's now treating Twitter. I doubt very much anyone let him walk into a trap that bad. He had to have been kicking and screaming the entire way.
- generj 4y agoAnd even worse than that, he would have had to have been deposed before paying for it. A bunch of his conversations about the deal were already released in discovery. Twitter lawyers were salivating about catching Elon in a lie at the deposition. It’s notable Musk was willing to deal juuust before the deposition was finally going to happen.