Comments by "Debany Doombringer" (@debanydoombringer1385) on "Twitter Prepares To SUE Elon Musk To FORCE Twitter Buyout, Elon Posts 4D Chess Meme MOCKING Twitter" video.

They had no choice. Now their stock is down and it's not worth as much. They most likely have advertisers asking questions because of the claims Elon has made. They've fired or relocated their HR department and have a hiring freeze. Things are about to get ugly for tech companies because of the economic downturn. A court has also found that you can lodge a lawsuit against the algorithms. They aren't protected by 230. Plus several pending lawsuits of them acting as agents of the government. It's about to get really interesting.
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Because it's a breach of contract. The 1 billion will play into it as well at some point. This isn't uncommon. Usually it results in a settlement of a lower price. Twitter will have to prove it provided accurate information on its bot count to the court. That's the sticking point. If they can't, then they'll owe Musk the 1 billion and their business will tank.
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X D He's never said anything about a "plan". WTF? Yeah nobody has ever lost electricity and run out of food except Texas and a large portion of the south 2 winters ago. So nobody ever needs that kind of stuff.
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@davidswanson5669 They didn't either at first. Now they need it to because it's going to be worthless soon.
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Twitter let go of most of its HR department. Tech companies are trimming the fat because of the incoming economic issues. The board wants out before they're product is worthless.
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@bromack3 That's the question that'll be answered in court. Elon is claiming they didn't give full disclosure, Twitter is claiming they did or at least enough to meet the demands of the deal. Elon added a poison pill to his $billion if it falls through. According to his lawyers, Twitter had to disclose information for Musk to secure funding. His investors want the full bot count before forking over the funds. Twitter has not provided that information in a satisfactory manner, thus Elon should be able to withdraw without a penalty. Twitter will have to prove they did provide the correct bot information to enforce either the deal (at a renegotiated lower price) or to collect the fee. Either way, Twitter is the one between a Rock and a hard place right now as their stock continues to drop. Edit: I'll stipulate they've been there since the offer was made honestly. They knew it and it's why they were begging for any other offer.
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This is Trump level art of deal moves. I mean it's been a sight to behold. The bot thing was 100% the intention all along. From the moment he purchased the 9%. There's a stipulation in the deal about Twitter having to give him the information he needs to secure funding. He already said his investors want the full bot information before they'll release funding. It was suspicious when the Saudi Twitter investor who said he'd never sell to Elon, joined in funding the purchase. The stock price has dropped so much, Twitter has no choice but to try to enforce the agreement legally. Now either a settlement for a lower price will be reached or Twitter will most likely go under from loss of confidence. Elon has used it to garner favorability from the right as the pendulum swings back. Smart. Very smart. I bet Theil helped a lot with him on this show.
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As Rusty stated, ultimately this is about the $1 billion if the deal fell through. This also isn't unusual and it's usually to renegotiate the price. There are about 1000 lawsuits against Musk at the moment from stockholders claiming he's been intentionally driving down the price of the stock as well. A lot is going on at once.
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@glennchartrand5411 Ding! Ding! Ding! We have a winner! Someone was paying attention to the all call meeting. There was a reason Musk kept talking about hardware. The employees were confused because they mostly deal with software. He wants to create a network using Starlink that's safe from the other tech companies and the government. That's why he wants to take it private. The rest was useful as the pendulum swings back to gain favor with the right. Edit: Not that I don't think he honestly feels that way. It's just convenient right now to be vocal about it. He's always been pretty against the woke stuff and censorship.
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This is pretty standard. It happens a lot. The normal outcome is a settlement for a lower purchase price. As one of the ones who called this from the moment it was reported he'd purchased 9% of the shares, either way we all win. Either Elon buys it and restores free speech or what comes out will destroy it and it will no longer be the driving force of politics and business. Elon also gets support from the right, as the pendulum swings back. Setting him up to remain favorable to those in power. 100% 4D chess on every level.
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Yes you can. It's pretty standard when someone tries to back out of a deal. It usually ends in a lower price.
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