zlacker

As best I’ve been able to discern it, Musk said he was going to buy Twitter for a way overvalued sum ($44bn) as a troll? But ended up getting in so deep that he found himself with a legal obligation to buy the thing for an absurd price.

It’s the explanation that makes the most sense to me: obscenely rich man is very used to doing whatever the hell he wants with no repercussions, particularly when shitposting on Twitter (see: SEC) and there was no-one around to tell him to stop.

>>afavou+(OP)
What kinds of fines would he have been facing for pulling the ejection lever? How much has he lost on this deal by taking it?

>>hinkle+4b
he would have been sued by twitter for the full price, and would have had to pay.

>>johnny+sc
So what you're saying is that he's been treating his lawyers the same way he's now treating Twitter.

I doubt very much anyone let him walk into a trap that bad. He had to have been kicking and screaming the entire way.

>>johnny+sc
And even worse than that, he would have had to have been deposed before paying for it. A bunch of his conversations about the deal were already released in discovery. Twitter lawyers were salivating about catching Elon in a lie at the deposition. It’s notable Musk was willing to deal juuust before the deposition was finally going to happen.