For some reason this meme came to mind
9 Likes
It looks like Elonās favorite regulator is sending him letters again:
Is the deal still āon holdā?
2 Likes
I guess weāre no closer to knowing any more than we did yesterdayā¦
2 Likes
Iām not an M&A expert so my question is why would banks be willing to finance a deal where the stock price in the contract is now $14.00 higher than the stockās current market price? Is sufficient cash flow to service the debt the primary consideration?
Often acquiring companies pay a premium to the current market price, but its been a while since the PA was signed, and by now the market probably thinks the deal wonāt happen.
And as long as Musk uses his other companies for security, then his lenders might not care as much about cash flow to service the debt. The lenders would ultimately probably prefer getting equity in his other companies anyway.
1 Like
Iām pretty sure Twitter scrubbed that data. Bot accounts are easy to spot, and Iām very sure itās above the 20% markā¦and WAY above the 5% Twitter said.
1 Like
Youāre āaccusingā Twitter of erasing data in order to support false data claimed and provided to their investors in SEC filings?
Youāre pretty sure huh? 
6 Likes
Very very sure
1 Like
Twitterās position regarding the bot calculation is kind of bizarre. If the 5% is accurate they should be able to explain how they calculated it. The fact that their first response was to stall or deflect in providing that information is odd. And now their second response is to āfirehoseā the data and require musk to plow through all of it to figure out whether the 5% number is accurateā¦doesnāt seem to be good faith behavior.
If this is a figure/percentage the company has included in public SEC filings for years why are they being evasive as to how itās calculated? It doesnāt need to be a public explanation but it seems perfectly reasonable that a purchaser and their lender deserve the information.
1 Like
In your opinion. Which without data is simply your guess.
Regardless, move on from debating percentages.
3 Likes
No one was stepping up to buy Twitter, but Musk. Itās not like there was some kind of bidding war that broke out for the company, so why in the world would the buyer waive their right to perform due diligence?
And now Twitter is giving him information, while Musk is literally tweeting 
and thatās considered bad faith behavior on the sellerās part? Only in America. 
6 Likes
Itās bad faith if the amount of data provided is designed to make it difficult to determine or obscure the bot figure. The question is how is that percentage calculated. How hard is it to provide an explanation? If Iām the SEC Iām thinking I might want to know now too.
On the flip side, the longer it takes to figure it outā¦ā¦ā¦the longer the deal is delayed.
How is tweeting a poo emoji bad faith? Immature? Absolutely. But Twitter is catnip for the immature and narcissistic 
.
2 Likes
If? Does anyone know this to be true or are āweā making an assumption? If weāre talking about breaking rules, letās not forget Musk waited something like 21 days to disclose his 9.6% position in Twitter. Yep, Musk is the angel here. 
First, Mr. Hyperloop should be able to find some MIT or Cal Tech PhD (or anyone) to sift through the Twitter data. I canāt believe thereās no one available to search data and āfigure it out.ā BUT, he waived his right to do due diligence.
Second, the whole bot issue, if there even is one, has been debated long before Musk made his unsolicited offer. If he was suspicious, then why did he waive his right to perform due diligence? So this point should be moot. Period. He waived due diligence.
My using the emoji is two fold and I added this at the end too. First, he actually tweeted the emoji, but heās also tweeted a few other items about the Twitter deal that are considered IMO too. Oh and there was that whole violating SEC rules thing too.
From my view from the cheap seats, heās a person with no honor. Just a āhuckster.ā
Or call him a āgrifterā:
3 Likes
My āsuggestionā to move on applies to the two posters above, as well.
Is this an example of how the self-proclaimed āfree speech absolutistā is going to protect āfree speechā on Twitter?
Oh, is the deal still āon holdā? 
1 Like
Bravo Elon! A handful of activist employees can make a workplace toxic. Other companies (Google) are trimming similarly.
3 Likes
NDAs as part of lawsuit settlements, NDAs for employees, and firing employees who speak up are all positive things consistent with being a free speech absolutist?
To be clear, I think those are all pretty normal. But deeply hypocritical and ironic from someone who claims to be a proponent of unfettered free speech.
https://www.washingtonpost.com/technology/2021/03/25/tesla-nlrb-ruling/
5 Likes