Elon makes all-cash offer to take Twitter private

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FrioAg 00
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5:56p, 7/8/22
AG
Their employees hate capitalism, but they stayed viable (temporarily) by systemic lying and using it to sell advertising airtime when it was 90% bots

The real lawsuits should come from all the companies that were defrauded of their marketing spend.

Regardless, their incredibly trash business won't survive another 6 months. Hating capitalism does not exempt you from it.
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YouBet
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5:57p, 7/8/22
AG
This legal battle is going to be our bread and circuses equivalent to the Romans.
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aggiehawg
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In reply to FrioAg 00 • 6:08p, 7/8/22
AG
FrioAg 00 said:
Their employees hate capitalism, but they stayed viable (temporarily) by systemic lying and using it to sell advertising airtime when it was 90% bots

The real lawsuits should come from all the companies that were defrauded of their marketing spend.

Regardless, their incredibly trash business won't survive another 6 months. Hating capitalism does not exempt you from it.
I wouldn't put the percentage as high as 90%. America has a lot of very stupid bluechecks that are actually stupid people with twitter accounts. Then the algos kick in and retweet tsunami starts. Bots get it going and keep it going.

Why did "trending on twitter" ever become a metric of whatever in the first place?
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Deluxe
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6:12p, 7/8/22
AG
Feel like this is just formalized posturing and they'll eventually agree to a lower price
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aggiehawg
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In reply to Deluxe • 6:23p, 7/8/22
AG
Deluxe said:
Feel like this is just formalized posturing and they'll eventually agree to a lower price
This isn't the 80s anymore. (Fun time, BTW if you were into securities law and had the money to play with. I did not to be clear, just had clients who did. Tangentially involved.)

Musk can agree to a lower price but why would he? Platform is irreparably damaged. Shareholder and advertiser lawsuits survive a change in ownership.
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jh0400
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In reply to aggiehawg • 7:33p, 7/8/22
AG
aggiehawg said:
baron_von_awesome said:
DeLaHonta said:
Whoever could have predicted that Musk would weasel his way out of the terrible deal he got himself into??? Off to the courts we go…
Can't wait for the shareholders to sue Twitter, going to be glorious
Just heard on FNC that Twitter has stated they will sue Musk for specific performance.

To say that is very risky for them is an understatement.


I can't see how how Musk's counterclaim to walk under the Material Adverse Effect provision doesn't prevail here.
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Stat Monitor Repairman
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9:05a, 7/9/22
Now they raging because Elon won't buy Twitter?

Did Elon troll and expose Twitter and now they mad?

Elon just exposed and wrecked their business model.

Dude went in dry on all existing shareholders.

The got to be mad.
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Deluxe
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In reply to aggiehawg • 1:23p, 7/9/22
AG
aggiehawg said:
Deluxe said:
Feel like this is just formalized posturing and they'll eventually agree to a lower price
This isn't the 80s anymore. (Fun time, BTW if you were into securities law and had the money to play with. I did not to be clear, just had clients who did. Tangentially involved.)

Musk can agree to a lower price but why would he? Platform is irreparably damaged. Shareholder and advertiser lawsuits survive a change in ownership.
Maybe.

It's possible that he found the fake user/bot problem to be much worse than he expected and wants out because of it, but I'm not so sure. I think this is just a logical maneuver for him to knock a few billy off the price. He knew what was up. He's a damn smart guy with spectacular tech intuitions, he's got Jack telling him everything he needs to know behind the scenes, and he has an obvious plan to clean up the problem once he's in charge.

Elon/Twitter formalized their deal on 4/25. In mid-May, NASDAQ took a dive and Twitter stock followed. On 5/16, Elon first expressed his bot/fake user skepticisms. I think he did so knowing he'd eventually be able to terminate the deal... knowing that Twitter board has to stay engaged and eventually settle or they'll be hit with shareholder lawsuits.

I despise Twitter management just much as the next guy. Their culture is disgusting and their inability to fix the bot/fake user problem up until now is either gross incompetence or nefarious corruption. I just don't really buy that Elon didn't know that going in. I think he's just using it as an excuse to get a discount on his purchase price.

Could be wrong though.
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Daddy-O5
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11:08p, 7/10/22
AG
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will25u
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11:18p, 7/10/22
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will25u
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8:55a, 7/11/22
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Showertime at the Bidens
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In reply to aggiehawg • 9:07a, 7/11/22
aggiehawg said:
Deluxe said:
Feel like this is just formalized posturing and they'll eventually agree to a lower price
This isn't the 80s anymore. (Fun time, BTW if you were into securities law and had the money to play with. I did not to be clear, just had clients who did. Tangentially involved.)

Musk can agree to a lower price but why would he? Platform is irreparably damaged. Shareholder and advertiser lawsuits survive a change in ownership.


I don't agree that the platform is damaged. It's still the global source for news and updates.
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aggieforester05
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In reply to Showertime at the Bidens • 11:04a, 7/11/22
AG
Zarathustra said:
aggiehawg said:
Deluxe said:
Feel like this is just formalized posturing and they'll eventually agree to a lower price
This isn't the 80s anymore. (Fun time, BTW if you were into securities law and had the money to play with. I did not to be clear, just had clients who did. Tangentially involved.)

Musk can agree to a lower price but why would he? Platform is irreparably damaged. Shareholder and advertiser lawsuits survive a change in ownership.


I don't agree that the platform is damaged. It's still the global source for news and updates.
It's a propaganda aggregator. They take news media which is already DNC propaganda and use algorithms to push those propaganda sources above other legitimate sources or opposition propaganda. Twitter has the power to mold public perception of current and past events, which is an unprecedented propaganda tool. It's incredibly powerful and being weaponized by evil communists with an anti American agenda. Half wit liberals have absolutely gone insane using it, because it is an endless source of confirmation bias for them.
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Showertime at the Bidens
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In reply to aggieforester05 • 11:06a, 7/11/22

Agree, but it's still the global source for propaganda. Personally, I think Twitter itself may have a large percentage of bots to control what trends at the top.
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will25u
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11:06a, 7/11/22
TWTR down 10% today.
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aggiehawg
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In reply to aggieforester05 • 11:09a, 7/11/22
AG
aggieforester05 said:
Zarathustra said:
aggiehawg said:
Deluxe said:
Feel like this is just formalized posturing and they'll eventually agree to a lower price
This isn't the 80s anymore. (Fun time, BTW if you were into securities law and had the money to play with. I did not to be clear, just had clients who did. Tangentially involved.)

Musk can agree to a lower price but why would he? Platform is irreparably damaged. Shareholder and advertiser lawsuits survive a change in ownership.


I don't agree that the platform is damaged. It's still the global source for news and updates.
It's a propaganda aggregator. They take news media which is already DNC propaganda and use algorithms to push those propaganda sources above other legitimate sources or opposition propaganda. Twitter has the power to mold public perception of current and past events, which is an unprecedented propaganda tool. It's incredibly powerful and being weaponized by evil communists with an anti American agenda. Half wit liberals have absolutely gone insane using it, because it is an endless source of confirmation bias for them.
One other thing that could come out in discovery. How twitter censored and altered news affecting the 2020 election, including the Dem primaries.
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aggieforester05
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In reply to Showertime at the Bidens • 11:09a, 7/11/22
AG
Zarathustra said:

Agree, but it's still the global source for propaganda. Personally, I think Twitter itself may have a large percentage of bots to control what trends at the top.
That very well may be the case and the least transparent or easiest way for them to control the narratives. Doing it via changes in the algorithm may be too difficult due to the complexity of deciphering the hundreds of millions of tweets per day and pushing the one's that promote their agenda.
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BD88
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11:17a, 7/11/22
AG
Love watching this giant liberal run turd of a company sink.
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techno-ag
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In reply to BD88 • 1:46p, 7/11/22
AG
If only they hadn't banned Trump they might still be viable.
Trump will fix it.
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will25u
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3:50p, 7/11/22
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In reply to will25u • 3:54p, 7/11/22
AG
will25u said:
Oooh! A letter. Not even strongly worded one at that!
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Slicer97
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In reply to BD88 • 3:56p, 7/11/22
AG
BD88 said:
Love watching this giant liberal run turd of a company sink.

Amusing how leftists eff up every single thing they touch...
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aggieforester05
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In reply to Slicer97 • 4:50p, 7/11/22
AG
Slicer97 said:
BD88 said:
Love watching this giant liberal run turd of a company sink.

Amusing how leftists eff up every single thing they touch...
They're incredibly good at lying, creating/distributing propaganda, buying votes, creating racial tensions, and election fraud, but not much else. Evil people have been using unethical and illegal means to get what they want since the beginning of time. Even if some of their followers are well intentioned, they are extremely gullible people that have fallen prey to their lies with zero critical thinking applied.
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Ag with kids
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In reply to aggiehawg • 5:01p, 7/11/22
AG
aggiehawg said:
will25u said:
Oooh! A letter. Not even strongly worded one at that!


We are very, very angry with you. And we wrote you a letter to tell you how angry we are.
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aggieforester05
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5:07p, 7/11/22
AG
Probably all bark, they've likely been advised that legal action will not go well for them.
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will25u
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5:52p, 7/12/22

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aggiehawg
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In reply to will25u • 6:01p, 7/12/22
AG
will25u said:

Okay. Love Elon's snark but when he's in this high stakes litigation, time to moderate the tweets. Don't have to go radio silent, although that would be his lawyers' preference but tone it down.

Or as Mary Matalin would bark at Carville, "Ratchet it down!"
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No Spin Ag
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In reply to aggiehawg • 6:05p, 7/12/22
aggiehawg said:
will25u said:

Okay. Love Elon's snark but when he's in this high stakes litigation, time to moderate the tweets. Don't have to go radio silent, although that would be his lawyers' preference but tone it down.

Or as Mary Matalin would bark at Carville, "Ratchet it down!"


So his lawyers saw the tweet and sighted heavily, huh?
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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aggiehawg
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In reply to No Spin Ag • 6:30p, 7/12/22
AG
Maybe. Maybe they were consulted and said that was innocuous enough to send out? He's not my client, since I'm retired.

Old school trial lawyers preferred to try cases in the courtroom not the media. But then there were lawyers who have taken the opposite approach. Like OJ trial for instance. Johnny Cochran was in a win-win situation for him. He could play the race card all day long. OJ is convicted? "See? Told you a Black man can't get a fair trial!" OJ is acquitted, "Hire me! I can get you off the charges, brothers and sisters!"

He had predecessors though. F. Lee Bailey. Racehorse Haines, Joe Jamail come to mind.
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outofstateaggie
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In reply to aggiehawg • 6:52p, 7/12/22
AG
Was Bailey on the defense team with him for that case?
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Decay
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6:54p, 7/12/22
AG
They've gone from throwing the book at Elon to stop it to suing him to make sure it happens?

This MF been reading Art Of The Deal
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FrioAg 00
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7:12p, 7/12/22
AG
Everything is a game to Elon

If he lost 99% of his wealth, he'd still have way more than he'll ever spend on his own lifestyle.

Even $44b on the line doesn't really phase him
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aggiehawg
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In reply to outofstateaggie • 7:15p, 7/12/22
AG
outofstateaggie said:
Was Bailey on the defense team with him for that case?
OJ? Yes. It was Bailey who noticed the prosecution had left the bloodied gloves on the stand during a recess. He went up and measured his hand against the glove.

Bailey knew OJ had severe arthritis and if he did not take his medication, his hands, more importantly, his knuckles would swell. Bailey goes to Cochran, a kind of mentor to Chris Darden on the prosecution and he agrees to goad Darden into having OJ try on the gloves in front of the jury. Darden tells Marcia Clark who tells him, "Oh hell NO! Don't do that!"

But OJ was off his arthritis drugs for three days at that point. Wasn't a jury play as OJ came shuffling into the room because his knees were also locked but played well on TV. With those knees, how could he jump over a fence to dump a glove behind Kato's room?

Cochran used a recess to again goad Darden and he did it. We all know what happened after that.

"Gloves don't fit? You must acquit!" In closing.

I watched about 75% of that trial because that MF lasted 9 months but I taped a lot and watched it at night.

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Who?mikejones!
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In reply to Decay • 8:11p, 7/12/22
Decay said:
They've gone from throwing the book at Elon to stop it to suing him to make sure it happens?

This MF been reading Art Of The Deal


Well, twitter is much less valuable today than when Elon first offered. The board stands to lose quite a bit now if the deal doesn't go through or the price is negotiated down.
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Decay
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In reply to Who?mikejones! • 8:12p, 7/12/22
AG
Agthatbuilds said:
Decay said:
They've gone from throwing the book at Elon to stop it to suing him to make sure it happens?

This MF been reading Art Of The Deal


Well, twitter is much less valuable today than when Elon first offered. The board stands to lose quite a bit now if the deal doesn't go through or the price is negotiated down.
Right, but Musk either gets the deal at his original price, or something happens and either the price lowers or twitter blows up.

He's basically playing with house money now.
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