Twitter’s stock price has dropped considerably. If the board accepted a lower sale price, I suspect stockholders would sue.
I’d sue. As it stands, Musk will likely be sued for manipulating the stock market or possibly some sort of fraud. He’s lost a lot of money for a lot of people, and it feels as if he has done so deliberately. There’s a crime there somewhere, or at least a civil lawsuit. I’d sue. On Fri, Jul 8, 2022 at 9:00 PM PGage <[email protected]> wrote: > Surprising exactly no one, Musk tries to use the spam account red herring > as an excuse to back out of the deal. This is almost certainly a losing > argument, but may be an attempt to bully Twitter down on the price. > > “In a regulatory filing > <https://www.sec.gov/Archives/edgar/data/1418091/000110465922078413/tm2220599d1_ex99-p.htm> > prepared > by his lawyers, Mr. Musk said he was terminating the Twitter deal because > of a continuing disagreement over the number of spam accounts on the > platform. He claimed that Twitter had not provided information necessary to > calculate the number of those accounts — which the company has said is > lower than 5 percent — and that it had appeared to make inaccurate > statements. > > “Twitter is in material breach of multiple provisions” of the deal > agreement, Mr. Musk’s lawyers said in the filing, and the company “appears > to have made false and misleading representations.” > > > https://www.nytimes.com/2022/07/08/technology/elon-musk-twitter.html?referringSource=articleShare > > https://www.nytimes.com/2022/07/08/technology/elon-musk-twitter.html?smid=nytcore-ios-share > > > On Wed, 8 Jun 2022 at 4:03 PM Kevin M. <[email protected]> wrote: > >> Nothing has held up the sale, and to claim otherwise is to bolster Elon >> Musk, who does not need bolstering. I doubt the existence of internal >> evidence on spambots and fake accounts beyond what is already shared, for >> the very reason that Twitter would never want to be in a position to have >> to disclose it to anyone. Of course their count of active users is >> inaccurate, just as the counts of Facebook and Snapchat and every other >> social network are inaccurate. But that inaccuracy does not give Musk the >> right to back out of the sale, at least not without forking over a >> billion dollars first. >> >> On Wed, Jun 8, 2022 at 3:54 PM 'Bob Jersey' via TVorNotTV < >> [email protected]> wrote: >> >>> The thing that's held up the acquisition, Musk's ability to study >>> internal data on spambots and fake accounts, was finally granted today >>> (June 8th) after John Solak, who holds five shares of TWTR, sued in >>> Delaware to get the info released... >>> >>> >>> https://www.hollywoodreporter.com/business/business-news/twitter-to-comply-with-elon-musks-demand-for-data-on-fake-accounts-1235161453/ >>> (link, >>> tho the WaPo broke the story) B >>> >>> M-D November, to Kevin M and Doug Eastick, April 14th: >>> >>>> And now, of course, this is happening. >>>> >>>> https://deadline.com/2022/04/elon-musk-offers-41-4bn-to-buy-twitter-1235002295/ >>>> >>>>> -- >>> You received this message because you are subscribed to the Google >>> Groups "TVorNotTV" group. >>> To unsubscribe from this group and stop receiving emails from it, send >>> an email to [email protected]. >>> To view this discussion on the web visit >>> https://groups.google.com/d/msgid/tvornottv/ec0bfa4a-b93e-4fb9-8ad6-35cc59c6f4f3n%40googlegroups.com >>> <https://groups.google.com/d/msgid/tvornottv/ec0bfa4a-b93e-4fb9-8ad6-35cc59c6f4f3n%40googlegroups.com?utm_medium=email&utm_source=footer> >>> . >>> >> -- >> Kevin M. (RPCV) >> >> -- >> You received this message because you are subscribed to the Google Groups >> "TVorNotTV" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to [email protected]. >> > To view this discussion on the web visit >> https://groups.google.com/d/msgid/tvornottv/CAKgmY4D044bwD_DaSUcWTqRNWDN%3DKVjeGRF%2B9q0zTTL55QAU0Q%40mail.gmail.com >> <https://groups.google.com/d/msgid/tvornottv/CAKgmY4D044bwD_DaSUcWTqRNWDN%3DKVjeGRF%2B9q0zTTL55QAU0Q%40mail.gmail.com?utm_medium=email&utm_source=footer> >> . >> > -- > Sent from Gmail Mobile > > -- > You received this message because you are subscribed to the Google Groups > "TVorNotTV" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/tvornottv/CAKGtkYJgp5qQT83nPoz%3DcpqSa-7qFbOWZsfY5q5TUU%3D5m3Smyg%40mail.gmail.com > <https://groups.google.com/d/msgid/tvornottv/CAKGtkYJgp5qQT83nPoz%3DcpqSa-7qFbOWZsfY5q5TUU%3D5m3Smyg%40mail.gmail.com?utm_medium=email&utm_source=footer> > . > -- Kevin M. (RPCV) -- You received this message because you are subscribed to the Google Groups "TVorNotTV" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/tvornottv/CAKgmY4AqObQFetvwiv-JatBbcD%2BrnAgbCOPuYr1nE0_3TSHK6g%40mail.gmail.com.
