he knew all this...
I am sure there is a fire for cause clause in the contract that he should try to exercise. I am sure these three could be found grossly negligent or to have committed fraud.
“He should sue them to get the money back.”
I am sure their contracts are not airtight. He likely has a plan.
Absolutely, look into the by-laws and find any excuse to extract money from them. Sue them for knowing about fake accounts and damaging the brand by banning popular accounts.
Indians are the highest income earners in the US, making about 20-30% more than Whites.
Never fire them. Transfer them to building maintenance.
Should have kept them on and made them janitors.
How many Twitter shares do you think Elon bought when it was 20% lower? $200 million is literally a rounding error for this guy.
I’m not a lawyer, but I think the company has 30 days or so to pay out, those turkeys didn’t walk out the door with a big check Thursday
now, consider also that Musk is bringing in HIS tech guys to figure out exactly what was in all that Twitter code ... and if they do find that a deliberate, systematic effort was made to silence innocent Americans - i.e., suppress their right to free speech - a case could be made that these executives engaged in criminal behavior, and then the company wouldn’t have to pay out
just guessing, but that could explain why Elon’s software guys are so busy now, they have that time limit ...
not that Musk cares about the money, but he probably wants to send a strong message to those remaining
They will need it for legal defense.
Why would they want to sell their stock? They are going to make a sit pot full of money with Musk running the company!
Yeah, autistic Elon was totally surprised by this. /s
LOL, he has a plan.
This doesn’t mean Musk is “on the hook” to pay it.
It’s pretty normal.
None of these payouts will happen immediately. Presumably Elon’s people will find definitive proof of bot activity on Twitter and that will trigger a lawsuit where Musk will be the plaintiff and these named individuals will be defendants.
Sunk costs.
It would have cost him more to have kept them as they would have undermined everything he is trying to accomplish.
Texas A&M has to pay their coach $90 million if they fired him. So, they’re keeping him for 10 years.
Which means they’ll win 5, 6, maybe 7 games a year, go to the “Famous Idaho Potato” bowl, lose their fan base, and annually compete with Vanderbilt for the title of “worst team in the SEC”.
But hey, at least they saved the money.
Pay Hildabeast 25 million to “do her Arkansas thing”
Two thoughts: $200M is couch change compared to $44B.
Read that he locked down Twitter code and is bringing in SpaceX SW engineers. If half the Twitterverse is bots, and Twitter coded them in, fraud accusations will be pursued.
I’m sure Musk factored this into his cost analysis.