Well I wouldn’t want to pay 30-40% more per share for a company that doesn’t make money haha
I think his reason for not wanting it is valid. How many of those accounts aren’t bots and are actually real.
At my old job we would buy companies and when looking at their financials we would pull out.
Either sketchy shit happening (like fake accounts) or items seemed inflated (revenue or in this case users)
LOL i m sorry but you seem to not understand what a binding legal contract is....
I m not sure at what kind of a shit show you worked but M&A does not work like this you dont sign binding legal contracts with no out and then back out of the contract. The dude waved his right to due diligence. My guess would be that your company used to back out during the due dilligence process or if the takeover target had some fraudulent accounting... But thats not what happened here elon signed a binding contract to buy Twtr at a fixed price with which he also waved any right to further due diligence.
Also the fake accounts is such a phony fucken out he chooses remember he initially claimed he buys twitter to get rid of the bots so to then claim he s not buying it cause to much bots wtf?
Also please read TWTRs filings where they explain how they get to the amount of bots they have it s very straight forward...... Also whats the solution for that problem you bann the bot one day he s back the next?....
He agreed on the price in a binding document the reason for not wanting it is cause he never fucken wanted it in the first place he just wanted to sell a huge chunk of his tesla shares and needed a justification. The implications of letting elon walk on this would be huge anybody could fake a fucken buyout and just toy around with companies. Like board members and high ranking employees resigned because of this shit show but somehow it s okay cause the law does not apply to mighty Elon? Gimme a fucken break.... Dude got away to many times already.
Also i really dont understand how any body in our industry could think yes elon has a point here.....
Nobody else would stand a chance to get away with this and i hope neither does elon.
Like why have i known that he ll try to bail on this deal since the fucken day he announced it? Even before he started to pull out and make the bot claims?
Simple cause it never was about the bots or free speech it s about elon getting even richer.