Elon Musk pulls out of $44 billion Twitter deal, social network plans to pursue legal action

09 July 2022
Musk is obligated to pay $1 billion break-up fee to Twitter as a part of the contract.

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  • ?
  • Anonymous
  • Tuc
  • 12 Jul 2022

even, 11 Jul 2022Why should i buy something you don't tell me all about... moreThis was planned by Musk. No doubt.

    • e
    • even
    • LaB
    • 11 Jul 2022

    MihaiRo, 09 Jul 2022This Musk tried to destroy the market to get a better price... moreSo you will buy something that is not like I told you?

      • e
      • even
      • LaB
      • 11 Jul 2022

      Why should i buy something you don't tell me all about? And also cost 44bn

        • ?
        • Anonymous
        • Sc$
        • 11 Jul 2022

        Anonymous, 10 Jul 2022You obviously don't know what an acquisition is and ho... moreyes, musk has never broken rules. And that rules can't be used to manipulate things.

          • ?
          • Anonymous
          • KAS
          • 11 Jul 2022

          Mobilemaster, 10 Jul 2022So you think they will make him poor? :)))))Not, it's called sticking to the rules.lf you break the rules you pay for it.

          Remember he manipulates stock all the time, this is not new.

            Ultra Globalist, 10 Jul 20221 billion USD is the base fine 😂😂😂 We will add Billions ... moreSo you think they will make him poor? :)))))

              This dude can buy whatever he wants and whenever he likes

                • M
                • Mmmma
                • N6B
                • 10 Jul 2022

                I never liked Twitter but they might get 1 billion dollars for musk

                  • ?
                  • Anonymous
                  • 0cJ
                  • 10 Jul 2022

                  Anonymous, 10 Jul 2022It exposed Elons willingness to sneak sell on the heads of ... moreYou obviously don't know what an acquisition is and how it's done. The purchaser gets to review a lot of non-public information during due diligence, and if anything major is not disclosed the seller can later be sued, and there is also the possibility for criminal charges if they hid it. Musk is not making the decisions himself, but with the advice of an army of bankers and lawyers, who also cost a lot.

                    • U
                    • Ultra Globalist
                    • U@@
                    • 10 Jul 2022

                    Mobilemaster, 10 Jul 2022It is still better to lose 1 billion than 40+ billion for a... more1 billion USD is the base fine 😂😂😂

                    We will add Billions of fines in topping like a meat sandwich 🤣🤣🤣

                      • ?
                      • Anonymous
                      • 70d
                      • 10 Jul 2022

                      trois , 10 Jul 2022what? where did you get that? its not valid until it's... moreSale contracts can be terminated any time before the payments are made. This is common knowledge. Only after the payments are made that you cannot terminate them. Not everything you write in a contract is legally enforceable. You can have a sale contract saying that a specific buyer will buy your product on a specific date. However, if the buyer changes his mind, he can cancel the contract, and you can't do anything about it.

                        It is still better to lose 1 billion than 40+ billion for a site which is full of bots.

                          • ?
                          • Anonymous
                          • 6jr
                          • 10 Jul 2022

                          Anonymous, 10 Jul 2022The whole episode has helped elon to expose and call out th... moreIt exposed Elons willingness to sneak sell on the heads of the naive.

                          There is no way he did not know about the bot problem from beforehand, as much as there was no way he did not know of how bitcoin is created (thru mining) before announcing that he would accept it.

                          Guy pumps and dumps and plays you like a fiddle. He feels that his ... Martian goals, are worthwhile of scammy means (the scams he runs day and night, say the $400 per share privatization of Tesla, or the Bitcoin scam he ran, or -lately- the Twitter scam which allowed him to go on a selling spree without affecting Teslas stock price as much)

                          Guy is a classic con artist with high Falutin goals as a cover. And by cover I mean n *actual* cover, I do think that he cares more about his Martian dream than merely being the richest ever... and in the end if he achieves it we would prolly forgive his jackassery, if not ... well, let's just say that history won't be too kind of him. Scam artist is written all over his face, lol...

                            • ?
                            • Anonymous
                            • M9x
                            • 10 Jul 2022

                            The whole episode has helped elon to expose and call out the biased board of directors and its censor department. Even if elon had purchased twitter, these people would use that money to make another social media platform to run their agenda. A very important point has been made. Tesla and space X is already a lot to manage, to manage something like Twitter is too much of a burden.

                              • r
                              • randomguy
                              • DRp
                              • 10 Jul 2022

                              Supus, 09 Jul 2022Why twitter don't filter/ban the adult content?How much do you pay to use twitter

                                • t
                                • trois
                                • 3mu
                                • 10 Jul 2022

                                Anonymous, 09 Jul 2022This Bret guy is so stupid. You cannot force anyone to buy ... morewhat? where did you get that? its not valid until it's not yet paid? a contract can contain just about anything, including a legal obligation to pay

                                  • U
                                  • Ultra Globalist
                                  • U@@
                                  • 10 Jul 2022

                                  Full Support for associated Bankers and Twitter

                                  We will Win 💪💪💪

                                    • U
                                    • Ultra Globalist
                                    • U@@
                                    • 10 Jul 2022

                                    Zuzuz, 10 Jul 2022Because is has a woke agenda. Peterson is banned while tons... moreI like Soros and Woke Agenda

                                      • b
                                      • blue
                                      • 0CN
                                      • 10 Jul 2022

                                      [deleted post]Oh no, not the dumb Olympos baby again. The whole discussion can be closed, he always ruins it.

                                        RealLifePhones, 10 Jul 2022because people like and want it 🤷‍♂️They don't want to end up like Tumblr. It was once valued at $1.1B and has dropped to as low as $3M. OF saw the writing on the wall too when they got strong reactions and reversed their new policy before it even implemented. IDK if you remember Vine but they also disappeared off the face of the earth when they removed NSFW content. NSFW isn't required to be successful, but these companies can't use it to grow their user base and not expect a backlash when they remove it.