BREAKING: Judge Allows Twitter To Expedite Lawsuit Against Musk $TSLA $TWTR
— Benzinga (@Benzinga) July 19, 2022
Judge Allows Twitter To Expedite Lawsuit Against Musk
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Imagine if Elon being forced to buy Twitter is the catalyst for Great Depression II. Good for dramacoin I guess
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Wouldn't he just pay the $1 billion fine? I seriously doubt that would be worse than the financial loss of acquiring twitter.
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From what I’ve read that $1b breakup fee doesn’t actually apply in most cases/this case. A judge could decide that he has to actually buy it at the agreed price.
The breakup fee would apply if the judge rules Musk doesn’t have to buy Twitter as the breakup fee is guaranteed no matter what.
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That was only if he couldn’t get financing in very specific circumstances.
Basically the situation is if you bought a car without test driving it, not looking under the hood, and naming your own price well over MSRP, signed all of the paperwork, then drove it around for a week, slamming it into walls and telling everyone how much the car sucks - then went back to the dealership and said you didn’t want it and aren’t going to make the payments.
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From what I understand, no. It would certainly be more. Twitter seeks the full amount so we’ll see what the court determines. I can see this more being his Waterloo moment. Tesla is valued so highly based on his performance and promises
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No he'll be forced to complete the full transaction which he agreed to contractually. The billion dollar thing is if they agree to back out which they aren't.
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They're trying to get him to buy at the agreed price which is whats better 4 shareholders
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Twitter sucks. I like a lot of the people I subscribe to but then I'll see the same Tweets I saw yesterday (probably because market research indicates people's attention spans gnat level,) but then you have 0 cowtools to change your feed cuz they're so cool and minimalist and Steve Jobs.
TLDR: If you read Twitter feed more than 10 minutes a day, it's kinda objectively shit.
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I hope he turns it into a free-for-all after being forced to overpay by a ton
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I hate like 80% of the smug midwits on Twitter,
so that would be amazing.
Turn on the chud spigot.
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