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Elon Musk Tells Twitter He Is “Terminating” His Acquisition of the Company
The Hollywood Reporter ^ | July 8, 2022 | Alex Weprin

Posted on 07/08/2022 2:33:26 PM PDT by fluorescence

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To: Husker24

> I knew it, he was never going to buy it.

Yeah, but it was fun watching the drama from the peanut gallery.


21 posted on 07/08/2022 2:58:09 PM PDT by glorgau
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To: Marxmarvelous

I expect he knew twitter lied and spent a billion to flush them out. For all we know, he did it to help Trust Social gain users.


22 posted on 07/08/2022 2:58:56 PM PDT by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: MinorityRepublican

Maybe E&Y.


23 posted on 07/08/2022 3:00:16 PM PDT by Reno89519 (FJB. Respect America, Embrace America, Buy American, Hire American.)
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To: janetjanet998
TWTR stock down today 5.1% during market hours. Post market Musk news has reduced stock price another 6.25% at this writing. Ouch.
24 posted on 07/08/2022 3:02:21 PM PDT by NautiNurse (Who will portray Alec Baldwin in the SNL skit? )
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To: joma89

Oh, my sweet Summer child…


25 posted on 07/08/2022 3:12:22 PM PDT by Marxmarvelous (Nothing to fear but fear itself.)
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To: MinorityRepublican

Sydney Powell’s book, “Licensed to Lie”, shined the light of truth on the Arthur Anderson destruction, which was destruction of an honorable firm by the fascist Andrew Weissmann.


26 posted on 07/08/2022 3:13:01 PM PDT by Montana_Sam (Truth lives.)
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To: chickenlips
I’m not sure why so many people saw him as some kind of savior.

Because he had the cojones to expose twitter.
27 posted on 07/08/2022 3:16:19 PM PDT by 100%FEDUP (I'm seeing RED!)
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To: RummyChick

new stuff coming out about Hunter and the way he was out of control and insulting Jill

Wonder if Twitter will now suspend anyone reporting on Hunter

https://www.dailymail.co.uk/news/article-10939577/Hunter-Biden-insulted-stepmom-Jill-Biden-pushed-return-rehab.html


28 posted on 07/08/2022 3:18:38 PM PDT by RummyChick
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To: Montana_Sam

Yep.


29 posted on 07/08/2022 3:19:38 PM PDT by Flaming Conservative ((Pray without ceasing))
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To: fluorescence

Everything has a price. The simple fact of the matter is that Elon’s offer was far in excess of what Twitter was worth. Elon’s offer was $44 a share. Stock is trading at $36 buoyed by Elon’s offer. If the stock crashes to $25 after this news release and disclosure of all its fake bots and overstated traffic, that’s what it’s worth because that is what the marketplace will pay for it. The question is whether, if Elon is still interested, which I doubt, he will amend his offer to the much lower price.


30 posted on 07/08/2022 3:24:00 PM PDT by chuckee
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To: JonPreston

Agreed, if the only consideration is market value. Twitter’s value politically, in the marketplace of ideas, is incalculable


31 posted on 07/08/2022 3:24:31 PM PDT by STJPII ( )
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To: MinorityRepublican; Reno89519

PricewaterhouseCoopers LLP since 2009.


32 posted on 07/08/2022 3:24:45 PM PDT by NautiNurse (Who will portray Alec Baldwin in the SNL skit? )
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To: RummyChick

LOL, never txt or post anything anywhere with your real info unless it’s extremely nice/basic.


33 posted on 07/08/2022 3:24:50 PM PDT by Houserino
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To: fluorescence

Twitter has been cooking the books.

Let’s see if the SEC ignores it.


34 posted on 07/08/2022 3:25:41 PM PDT by UnwashedPeasant (The pandemic we suffer from is not COVID. It is Marxist Democrat Leftism.)
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To: chickenlips
He knew he wasn’t going to go through with the deal from the get go. He had many conservatives salivating that he was going to set things right and he got massive publicity, which was the real goal all along. I’m not sure why so many people saw him as some kind of savior.

This. Exactly.

Funny how so many self-described "conservatives" allow themselves to get conned by those who may talk a good game but who themselves are anything but conservative.

35 posted on 07/08/2022 3:25:48 PM PDT by DSH
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To: chickenlips

“He knew he wasn’t going to go through with the deal from the get go.”

I disagree, he saw a company wasting its potential, thought he could do it better. He likes challenges like this, but the numbers don’t add up. Twitter is a financial house of cards. Fake data was used to drive up advertising revenue. Which is a material breach of the contract with Musk. The senior officers and board will face lawsuits from stockholders now holding the bag at a minimum. If there is evidence of fraud, then maybe they face criminal charges, and things get interesting.


36 posted on 07/08/2022 3:26:05 PM PDT by drop 50 and fire for effect ("Work relentlessly, accomplish much, remain in the background, and be more than you seem.")
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To: fluorescence

They just ignored him and waited him out.

A very effective liberal tactic.

To think about all the people doing cartwheels thinking he was going to save the world.


37 posted on 07/08/2022 3:34:52 PM PDT by qaz123
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To: fluorescence

Musk will purchase twitter, after the Board of Directors are sued by the shareholders for ballooning fake accounts and after advertisers sue for twitter fraudulently stating fake accounts where less than 5% of total accounts when fake accounts are prob 30-60%.
The stock price will plummet tomorrow when the markets open and it’s nose dive will end at prob 10 cents on the dollar by the time Musk steps in to offer $4 Billion.


38 posted on 07/08/2022 3:35:00 PM PDT by fastrock ( )
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To: drop 50 and fire for effect

Unlikely. He’s on the hook for 1 bil. He’s squirting ink to help later litigation. Twitter will be the same.

I fail to understand the hero worship.


39 posted on 07/08/2022 3:38:15 PM PDT by Marxmarvelous (Nothing to fear but fear itself.)
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To: fluorescence

Be sure to get a second opinion before making a big purchase.

https://youtu.be/Cc_V2SeDh6c


40 posted on 07/08/2022 3:44:15 PM PDT by Justa (If where you came from is so great then why aren't Floridians moving there?)
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