Twitter now owned by xAI - company founded by Elon Musk

[the-pi-guy]

As anticipated, Twitter sues.

"Musk apparently believes that he  — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away." pic.twitter.com/BlpkynA2TZ

— Adam Klasfeld (@KlasfeldReports) July 12, 2022

Act I: Elon takes Twitter out for dinner
Act II: Elon proposes
Act III: Twitter accepts
Act IV: Elon has second thoughts.
Act V: Elon backs out of wedding, leaving Twitter at altar.
Act IV: Twitter sues Elon.

[Legend]

As anticipated, Twitter sues.

"Musk apparently believes that he  — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away." pic.twitter.com/BlpkynA2TZ

— Adam Klasfeld (@KlasfeldReports) July 12, 2022

Act I: Elon takes Twitter out for dinner
Act II: Elon proposes
Act III: Twitter accepts
Act IV: Elon has second thoughts.
Act V: Elon backs out of wedding, leaving Twitter at altar.
Act IV: Twitter sues Elon.

It's a fun read if you have the time. Not dry like the merger agreement or previous letters.

Twitter is defending against Musk's allegations while simultaneously arguing Musk breached the agreement. They argue that if both parties breached then the agreement cannot be terminated.

[the-pi-guy]

Spoiler for Hidden:

Ooof don&#39;t agree with that Tesla slight, but still watching.<br><br>

[kitler53]

video said everything i've read.   musk ought to be screwed here.   ...and i hope he is.

[Legend]

DocumentCloud

Next part.

[Legend]

Spoiler for Hidden:

Ooof don't agree with that Tesla slight, but still watching.

I've only ever watched his Apple vs Epic video but he had odd takes on the game elements of that one too.

Also the "Elon pulls out" joke is exactly like South Park's fish sticks joke lol. It exploded in popularity and I even saw Jimmy Kimmel make it on his show.


Anyway it seems the first battle will be the trail's date. Twitter requests mid September while Musk requests mid February. Get your popcorn ready cause this might go fast!

[Legend]

DocumentCloud

Next part.

[Legend]

Twitter gets first win. October trial, 5 days long.

[kitler53]

Twitter gets first win. October trial, 5 days long.

just came to post that.  looking good for the lesser of two evils.  xD

[the-pi-guy]

Twitter shares surge on report that Musk plans to go through with deal at $54.20 a share

[kitler53]

i can't remember,.. what was the original offer?

[the-pi-guy]

i can't remember,.. what was the original offer?

$43 billion
$54.20 per share

[kitler53]

okay, so he didn't try to negotiate a lower price.  i figured he was trying to get a better price.

[Legend]

Well that's anticlimactic if that's the end of that.

[kitler53]

i guess elon figured out he can't get out of the contract.   he'll boast some lie to make it look like he won rather than viewed as losing the lawsuit.

my hottake at least.