BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant

The people who think twitter is worth anything at all, only believe so because the user numbers are fictional multiples of the true user base. Folks forget about how quick AOL and MySpace or Nortel or SUN disappeared...and all those huge entities (that don't or barely even exist anymore) actually had some sort of underlying business. It won't take years for something as big as twitter to disappear like a fart in a fan factory. Once everyone knows that the entire platform is mostly bots arguing or agreeing with themselves, people will disengage from it out of embarrassment that they ever participated at all.

have you no clue? He's doing exactly what is in his beas interests, buying twitter for a penny on the dollar and insuring his buyout with contractual obligation legal devices twitter can't escape without market shareholder disapproval and market stock price collapse. He's gonna make a killing once he takes it private and owns >80 percent.

how does one make a killing on twitter which makes no profit?

"Why Twitter is Still a Lousy Investment

Real Money's Jim Collins ponders a barely profitable company with a $43 billion market cap."

[link to www.thestreet.com (secure)]

"10 years later, Twitter still isn't close to making money"

[link to money.cnn.com (secure)]

It's called customer base/ customer profitability which there is plenty of.

It's called customer base/ customer profitability which there is plenty of.

I suspect that Elon Musk is falling into a trap set by the current Twitter board. They don't want the takeover and are making the company so unpalatable that Musk will simply take his offer and walk away.

From my point of view, it would be a tragedy if Mr. Musk abandons this purchase and leaves Twitter to continue in their old ways.

Does Twitter own any Dominion data?

Who is playing whom? Twitter board does not want the takeover. I believe they are creating a poison pill that will cause Elon Musk to walk away and leave them to censor whosoever they please.

Twitter’s value, to the globalist totalitarians, is much greater than even the inflated market valuation.

Perhaps. It depends if Elon can sue for substantial damages for breach of contract.

Face it, the reason Twitter even agreed to sell is because they were vulnerable to the charge of fucking Twitter shareholders by reject Elon's above market price offer to buy Twitter.

I'd say Twitter management are still vulnerable to that charge by sandbagging the deal and hiding the real worth of Twitter from its shareholders.

If I invested in Twitter, I'd want an honest account of what Twitter is worth, and the law demands an transparent and honest account.

It's the other way around, Musk forced these criminals to expose the fact they have LIED to the SEC in filings and LIED to their clients and illegally over-charged them.

2 States are already suing and filing criminal charges against Twitter, FB, Google and Youtube for using ILLEGAL numbers in clicks and bot farms to over-charge.

My daughter is an analyst for a Tech company that checks for bots to make advertisers are not getting screwed. She told me that about 50% of celeb accounts are bots/bot farms, no one questions celebs sub numbers, not to mention fake clicks created by the same bot farms.

This. In fact, I read an article which said the deep state considers twitter their platform for pushing their narratives.

I was wondering about him suing them. Would that be the next step? I would guess they have legal obligations in the sale agreement for which they can be held liable.

nope

"How in the world is Twitter still not making any money?"

"Despite having millions of active users around the world — and being one of President Donald Trump’s favorite platforms — Twitter has yet to make a profit."

[link to www.marketplace.org (secure)]

BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant



Elon Musk has threatened to pull out of his deal to purchase Twitter as he accuses the social media giant of “resisting and thwarting” his right to information about spam and fake accounts on the platform.

In a letter to Twitter on Monday, Musk’s attorney argued that Musk’s purchase agreement mandates the platform to provide the requested data in full.

He has alleged that Twitter is in a “clear material breach” of its obligations and “reserves all rights” to terminate the merger agreement.

The letter further refutes the company’s claim that it is only required to provide information for closing the deal’s “limited purpose. ”



“Musk is entitled to seek, and Twitter is obligated to provide, information and data for, inter alia, any reasonable business purpose related to the consummation of the transaction,” the letter states.

“Musk believes Twitter is transparently refusing to comply with its obligations under the merger agreement, which is causing further suspicion that the company is withholding the requested data due to concern for what Musk’s own analysis of that data will uncover,” it continues.

In March, Musk stated he would put the deal “temporarily on hold” while he waited for the company to provide data on the proportion of its fake accounts.

Musk successfully won a bid to purchase the company in April.

According to a press release, “Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company.”

Board Chairman Bret Taylor said, “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”


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He trolled the crap out of those stupid liberals.

i suspect musk stupidly bought twitter with no plan but just did it off the cuff

some article came out recently saying he does not plan he just does shit based on his gut

I suspect he has buyer's remorse and realizes twitter is a blackhole for cash and does not make profit

maybe he should stick to flamethrowers and tequila and drive in diners

Your a fucking retard.

He's going to back out of the deal, duh.

Twitter will NEVER admit to having more than 5% of its active user base as bots.

NEVER.

Did he not know? Oh of course he knew. So is it all a ploy to devalue Twitter's share price for a far cheaper takeover? Nah, it is probably like others suggested a very convenient cover for Musk to liquidate something like 40 billion of his Tesla shares. Now, in a worst case scenario, Space X and Tesla going bankrupt, Musk would still have 40 billion in either liquid assets or diversified assets.

Musk knew well in advance what is going on. Interesting to watch how it plays out.