This is becoming absurd. Just buy the company Musk. Then you can do what you want. I don’t understand why it’s on hold and why he then said he is committed to buying.
It is run by the the CIA, as was Facebook at the time Obama used it to win an election.
I think he is worried that Twitter could face serious liability from advertisers who were defrauded because Twitter cooked the books with fake accounts.
Would you pay for that?
Do you dislike Musk that much? He should exit stage right. The company is a cesspool and is misrepresenting it’s assets. Musk is throwing away his $ buying a pig in a poke.
If Musk blindly buys the company, he can be exposed to massive lawsuits from corporations wanting their advertising money back when it becomes discovered that many of the users they were paying Twitter money to advertise to were fake accounts.
I don’t understand why it’s on hold and why he then said he is committed to buying.
I suspect he intends on buying Twitter. He is just negotiating the fair market value of the company.
A man approaches a beautiful woman in a bar, and without any small talk, asks her “If I give you a dollar will you sleep with me?” The woman is instantly angry and tells the man “Absolutely not!” Before she can get away from the man he asks her a second question. “Will you sleep with me for a million dollars?” Now the woman pauses and after some thought says “Yes, I will.” The man responds “How about for twenty dollars?” Again the woman looks indignant and says “Of course not. What kind of a woman do you think I am?” The man replies “I thought we just settled that. I was just negotiating the price.” Ba Da Boom!
The question really isn’t buy or not buy, it’s got more to do with the price. If Musk can discount the purchase price to factor in the cost of lawsuits and rebates to advertisers, it is in his best interest to do so. The only problem is that the current shareholder absorbs the discount, not the employee who pulled off the bad behavior. But, hey, who expects bad behavior from employees?
Because he may be able to get it for 1/2 of what he offered. I read a really good article about Elon being in the driver’s seat on this deal. If he backs out, Twitter stock will bottom out and the likelihood of him paying the $1B penalty is slim to none.