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Elon spent about $100M on Skadden Arps lawyering after wanting to buy Twitter, not wanting to honor the airtight deal he signed, in which he waived dd, and then
by Zigurd 2y ago
Elon spent about $100M on Skadden Arps lawyering after wanting to buy Twitter, not wanting to honor the airtight deal he signed, in which he waived dd, and then rage quitting a couple days before a trial was to begin. In that case Twitter spent a similar amount making Elon perform to the contract. That was all among consenting adults, and shareholders got what was promised. But it shows there is no constraint on what Elon will spend on a legal lost cause. There probably should be, like a federal anti-SLAPP law. Meanwhile I won't be on X and I won''t be driving a Tesla.