Musk Acquires Twitter

[tnt]

@zantax

And if the shoe store in it’s public filings overestimated the number of customers?

Some information in public filings is regulated. Some is not.

ie: we estimate 90% of the people passing by our store are shoe buyers — not regulated.

[tnt]

@zantax

That doesn’t indemnify them from fraud.

Knowing exactly how many users are real or not isn’t fraud.

[tnt]

@zantax

Musk if twitter lied about it’s number of users since that is the key to the companies valuation.

That’s not fraud.

Unless it was said under oath or under the prevue of a regulated agency.

[tnt]

@zantax

Dealer is still going to be in trouble if he rolled back that odometer. Or told him the brakes do work knowing they didn’t.

Nope.

100% no.

1. the odometer has nothing to do with the brakes.

2. the brakes worked when he drove it.

I don’t think you really know what due diligence means.

here is a hint - people lie.

[tnt]

@zantax

ludicrous to assert number of actual users doesn’t matter

they matter.

But ‘best and final offer’ trumps any need for the seller to prove anything.

[tnt]

@Jezcoe

Maybe since his offer was made on Apr 14th when Twitter was trading at $45.08 and he had to make a 420 joke so he went up to $54.20 he might have made the most expensive pot smoking joke ever.

Guys… I am starting to think that his business acumen might not be on the level.

what was his 420 joke?

[Jezcoe]

@tnt

@Jezcoe

Maybe since his offer was made on Apr 14th when Twitter was trading at $45.08 and he had to make a 420 joke so he went up to $54.20 he might have made the most expensive pot smoking joke ever.

Guys… I am starting to think that his business acumen might not be on the level.

what was his 420 joke?

The price. $54.20.

I am sure that he would have liked to make that joke at a lower price … but the stock at the time was trading above $44.20.

[zantax]

@Nemesis

There is no doubt that Musk is a genius when it comes to creating and delivering on a vision. He is the very archetype of an entrepreneur but that does not mean he is some-kind of 3D financial chess player.

Musk is a disruptor and iterator by nature and he saw an opportunity to disrupt and iterate Twitter for financial gain. Nothing wrong with that.

Whether or not he had any intention of buying Twitter is irrelevant becsuse he now finds himself floundering a bit because he is struggling to bootstrap the purchase and so now is looking for ways to remove himself from having to purchase Twitter.

He made some fundamental mistakes with the contract he signed but that is on him. No one forced him to do a hostile tskeover. If Musk was so concerned with bots why did he offer such a massive amount for the company? Where was his due diligence prior to making the offer?

The “bot” issue only became a thing when his method of financing started to fall apart.

If he walks away he will owe $1 billion, Twitter will go after him, settle out of court and still rake in a massive amount from him.

Just because he is a world class entrepreneur does not mean he is a canny businessman. The two are very different skills.

Musk isn’t doing this on his own, he is working with one of the top financial firms in the country. Morgan Stanley.

[zantax]

@tnt

@zantax

Dealer is still going to be in trouble if he rolled back that odometer. Or told him the brakes do work knowing they didn’t.

Nope.

100% no.

1. the odometer has nothing to do with the brakes.

2. the brakes worked when he drove it.

I don’t think you really know what due diligence means.

here is a hint - people lie.

Yeah and when they lie commercially they get into trouble for fraud.

[party-free]

You’d think the “top financial firms in the country” would encourage Musk to…read the fine print, or maybe…advise him to do his due diligence and collect all relevant info BEFORE signing on the dotted line. Or maybe they did and he just ignored it.

[tnt]

@zantax

Yeah and when they lie commercially they get into trouble for fraud.

You’re really trying hard to excuse musk.

[zantax]

@tnt

@zantax

Yeah and when they lie commercially they get into trouble for fraud.

You’re really trying hard to excuse musk.

What is there to excuse?

[FreeAndClear]

@zantax

@tnt

@zantax

Yeah and when they lie commercially they get into trouble for fraud.

You’re really trying hard to excuse musk.

What is there to excuse?

Due diligence

[zantax]

@FreeAndClear

@zantax

@tnt

@zantax

Yeah and when they lie commercially they get into trouble for fraud.

You’re really trying hard to excuse musk.

What is there to excuse?

Due diligence

His money.

[party-free]

Musk says the words at make them (copyright) feel tingly and special, so any and every excuse will be made for him, and everyone else (ie-Twitter) clearly lied and wasn’t honest during contract negotiations.

It’s like Amber Heard during her testimony. Everyone else is lying. Everyone else is evil. Everyone else is dastardly. Only Amber is telling the truth. She turned over EVERYTHING she had to her attorneys so if it’s not being presented, it’s not her fault.

[FreeAndClear]

@zantax

@FreeAndClear

@zantax

@tnt

@zantax

Yeah and when they lie commercially they get into trouble for fraud.

You’re really trying hard to excuse musk.

What is there to excuse?

Due diligence

His money.

So what you are still excusing his lack of due diligence by blaming Twitter

[zantax]

@FreeAndClear

@zantax

@FreeAndClear

@zantax

@tnt

@zantax

Yeah and when they lie commercially they get into trouble for fraud.

You’re really trying hard to excuse musk.

What is there to excuse?

Due diligence

His money.

So what you are still excusing his lack of due diligence by blaming Twitter

Blaming the guy who bought the used car with a rolled back odometer.

[Zander]

It would be a true challenge to construct a worse analogy than this.

[FreeAndClear]

@zantax

@FreeAndClear

@zantax

@FreeAndClear

@zantax

@tnt

@zantax

Yeah and when they lie commercially they get into trouble for fraud.

You’re really trying hard to excuse musk.

What is there to excuse?

Due diligence

His money.

So what you are still excusing his lack of due diligence by blaming Twitter

Blaming the guy who bought the used car with a rolled back odometer.

Rolled back odometer can’t be assessed. Number of fake users can be.

That’s the excuse you are making it seem like it’s rolled back odometer and not the absense of wheels.

[tnt]

The fact that he made an offer without doing due diligence.