Twitter hires law firm as it prepares to sue Elon Musk

11 July 2022
The social network wants Musk to follow through with the binding agreement to acquire the company at $54.20. 

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Duck of death, 14 Jul 2022They haven't provided him false data. There is endless... morePerfect, then he has nothing to worry about here.

    xocomaox, 14 Jul 2022I get that. But they cannot provide him false data. Well I ... moreThey haven't provided him false data. There is endless posts on _ON TWITTER_ posted by Elon, the brainiac himself, proving he is a pathological liar and abuses social media to illegally manipulate stock prices. Those are both facts. Elon is effed. He most likely can't afford buying Twitter any longer without giving op control of at least one of his companies and he is doing the dumb and greedy thing, trying to ditch on the bill.

      Duck of death, 13 Jul 2022I repeat, this is extremely important, Twitter ONLY has to ... moreI get that. But they cannot provide him false data. Well I guess they can (and might have!), but it won't work out well for them if they want this deal to go through.

        xocomaox, 13 Jul 2022It's kind of hard to make the argument that the Twitte... moreIs it? When Elon has already been warned by the SEC for manipulating stock with Twitter t s? I'd say, Elon has already delivered all the evidence against himself. He's the corporate version of Dingus Con. Too dumb for his own good. Just lucky with money. For the time being.

          xocomaox, 13 Jul 2022Yes, as long as Twitter can prove that the data they provid... moreI repeat, this is extremely important, Twitter ONLY has to prove they provided the data Elon asked for. Everything else is confidential data Elon doesn't have a flying f 's entitlement to get access to. If he wants something else, he will have to pay the 44 billion dollars.

            Duck of death, 11 Jul 2022Twitter provided the data before they got an offer. They on... moreIt's kind of hard to make the argument that the Twitter stock price is "down" because of Musk.... Looking at the data, prior to his negotiations and announcement of buying Twitter, the stock price was 39USD/share. For the past month, the stock price has been hovering between 32.65USD (low) and 39.51USD (high).

            So, it's relatively UNCHANGED since prior to this whole saga. That won't hold up well in court, lol. Maybe they can provide some kind of data showing a drop in active users on the platform since Musk's announcements. But I doubt that. It's likely that the user count has gone up since then.

              Duck of death, 11 Jul 2022Twitter provided the data before they got an offer. They on... moreYes, as long as Twitter can prove that the data they provided Elon is accurate and sound they can continue the litigation against him. If it is not accurate, Twitter already agreed to his departure from the agreement to buy the company.

                And so the fall of the blue birds begins...

                  Anonymous, 13 Jul 2022Of course it isn't. Musk doesn't need to present ... moreThere is plenty of evidence on Musk being what they claim he is. He's been to court before. He's been forced to step down as chair from his own company. He's been fined tens of million dollars and been warned on multiple occasions for his lies, defamation and fraudulent behaviour.

                  That is real evidence. Written by real judges in real American courts, not by some whiny influencer buddy on Twitter.

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                    • Anonymous
                    • IbG
                    • 13 Jul 2022

                    Anonymous, 13 Jul 2022Of course it isn't. Musk doesn't need to present ... moreAnd does the US courts side with Twitter which banned Trump and helped thus the current US government or with Musk which only wants to be the richest man on Earth with more dollars than the stars in galaxy? Do the US judges buy his Tesla stock worth one billion to waive his one billion break fee paid to Twitter?

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                      • Anonymous
                      • IbG
                      • 13 Jul 2022

                      Anonymous, 13 Jul 2022Of course it isn't. Musk doesn't need to present ... moreAnd does the US courts side with Twitter which banned Trump and helped thus the current US government or with Musk which only wants to be the richest man on Earth with more dollars than the stars in galaxy? Do the US judges buy his Tesla stock worth one billion to waive his one billion break fee paid to Twitter?

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                        • Anonymous
                        • I@H
                        • 13 Jul 2022

                        Duck of death, 12 Jul 2022If this is the "evidence" Musk will use in court,... moreOf course it isn't. Musk doesn't need to present any. It will be twitter who will be forced to present the details lmao.

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                          • Anonymous
                          • IbG
                          • 13 Jul 2022

                          Anonymous, 12 Jul 2022No.Not all company acquisitions are like online purchases on Amazon to cancel an order. Twitter gets harmed financially if the contract gets canceled by Musk (which is not up to him now) and Twitter will get compensated. In fact most US sellers have a restocking fee if they agree with the return of the product, yet up to them whether the seller agrees for a return. The drama is Musk lacks cash and he try find a way to sell his stock without implications for Tesla share immediate depreciations once the word gets out that he sells his stock.

                            Anonymous, 12 Jul 2022No need to look for proofs. Here's one who lost 50k fo... moreIf this is the "evidence" Musk will use in court, he won't own a company when the trial is over.

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                              • Anonymous
                              • 70d
                              • 12 Jul 2022

                              Anonymous, 12 Jul 2022Yes, after you sign the buy the purchaser is obliged to pay.No.

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                                • Anonymous
                                • IbG
                                • 12 Jul 2022

                                Anonymous, 12 Jul 2022I've never heard a company sue another company to buy ... moreYes, after you sign the buy the purchaser is obliged to pay.

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                                  • Anonymous
                                  • 70d
                                  • 12 Jul 2022

                                  I've never heard a company sue another company to buy it. Twitter is so desperate, and I'm sure that nobody will buy it in the future.

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                                    • Anonymous
                                    • sUS
                                    • 12 Jul 2022

                                    Duck of death, 12 Jul 2022If they had been fake numbers and he had proof of that, in ... moreNo need to look for proofs. Here's one who lost 50k followers following a mass ban.

                                    https://br.ifunny.co/picture/neonrevolt-neonrevolt-you-retwoeted-lost-around-50-000-followers-since-ymSCv4LX9

                                    And you must be unaware how human-like bots have become these past years. Just look at youtube cryptobots with their "realistic" conversations.

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                                      • Anonymous
                                      • 4Y4
                                      • 12 Jul 2022

                                      Twitter is the end for Musk, 1 billion fine or 44 billion to purchase it is the same, a deadly pill to Musk, one or 44 make no difference, he does not have such large sum of money outside his stock which cannot sell and he cannot find investors to finace Twitter's acquisition after bad mouthing it.

                                        Bebochekov, 12 Jul 2022Musk just wanted the real numbers, not the fake, made up nu... moreIf they had been fake numbers and he had proof of that, in a 44 billion dollar trade, do you not think the reaction would have been a bit more severe than a T#### Junior-like tantrum on social media?

                                        Musk is in huge trouble and he knows it. This is a t##ll that'll cost him billions in real money.