July 09, 2022

Musk Wants Out of Twitter Deal

Maurizi Morabitu

Musk says he doesn't want to buy Twitter anymore. I can only imagine the colossal nonsense that will be written about it by Corriere, Open and all Italian newspapers.

There are only 3 important things in this story:

1. Leaving the negotiation is normal in a negotiation. He got discounts for over ten thousand years

2. Twitter wants to take Musk to court to force him into the purchase. In other words, the current management wants to get rid of Twitter, they have no plans to develop the platform, they don’t think others will buy it at the same price or higher, and they don’t expect the stock quotation to rise in the short or medium end

3. The lawsuit in court will concern the number of fake Twitter accounts. The pervert management is less than 5%. Musk says he got no evidence in that regard. The lawsuit would lead the firm to disclose the evidence in public, a senseless action if they don’t want to disclose it privately.

So this is a circus of smoke and mirrors and this story isn't over, actually.

Translated from the Italian


Tim adds:

Musk has exposed Twitter for the Potemkin Village it is. And of course, after the Left had a meltdown about his purchase, the company itself now is desperate for the deal to go through, which means they tried to sucker him. I hope he does leave it and the whole rotten thing collapses.

Stocks are droppng faster than Bill Clinton's trousers on Epstein's island.

Posted by: Timothy Birdnow at 09:45 AM | Comments (4) | Add Comment
Post contains 262 words, total size 2 kb.

1 This is interesting to watch. Musk didn't acquire a gazillion dollars by being stupid, especially about corporations.

Posted by: Dana Mathewson at July 09, 2022 05:07 PM (z7Oco)

2 Right Dana; Musk knows what he is doing, is suspect. It will be interesting to watch this play out.

Posted by: Timothy Birdnow at July 10, 2022 09:24 AM (+aLls)

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Posted by: Kanpur Matka at September 21, 2022 04:41 AM (zm4ix)

4  I can only imagine the colossal nonsense that will be written about it by Corriere, Open and all Italian newspapers.

Posted by: Fake Watches at June 27, 2023 06:16 AM (RJHzi)

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