Twitter vows legal fight after Musk pulls out of $44 billion deal

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    • #494633
      JonLP
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      • Total Posts: 3,646

      July 8 (Reuters) – Elon Musk, the chief executive officer of Tesla (TSLA.O) and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy Twitter (TWTR.N) because the social media company had breached multiple provisions of the merger agreement.

      Twitter’s chairman, Bret Taylor, said on the micro-blogging platform that the board planned to pursue legal action to enforce the merger agreement.

      “The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk…,” he wrote.

      In a filing, Musk’s lawyers said Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts on the platform, which is fundamental to the company’s business performance.

      https://www.reuters.com/technology/elon-musk-terminating-twitter-deal-2022-07-08/

      Let this radicalize you rather than lead you to despair - Mariame Kaba

      Like many public systems, GOP want to rip the battery out + say the whole car doesn’t work, so they can sell it for parts - AOC

    • #494661
      3fingerbrown
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      Greedy bastards going after greedy bastard.

      All governments lie to their citizen's, but only Americans believe theirs.

    • #494662
      Scott Crowder
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      • Total Posts: 973

      The extent that the deep state manipulates social media perceptions.

      "The possessions of the rich are stolen property." Pierre-Joseph Proudhon
      “The two greatest obstacles to democracy in the United States are, first, the widespread delusion among the poor that we have a democracy, and second, the chronic terror among the rich, lest we get it.” Edward Dowling
      "The poverty of our century is unlike that of any other. It is not, as poverty was before, the result of natural scarcity, but of a set of priorities imposed upon the rest of the world by the rich." John Berger

    • #494664
      mrdmk
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      • Total Posts: 4,517

      This could be years in court

      If you cannot dazzle them with brilliance, baffle them with bullshit WC Fields

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    • #494672
      Babel 17
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      • Total Posts: 6,963

      Twitter execs have the “we’re morons” defense, but they’re not elected officials or working in government, and the SEC has different standards than the FBI.

      Don't Kill the Whale
      Don't feed the trolls

    • #494674
      Snort McDork
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      • Total Posts: 5,675

      Twitter is pissed because Elon didn’t buy their internet’s service/platform?

      Perhaps they should change the nae to “Nit-Wits” so if someone posts a comment, they are posting a “nitty-witty” or something along those lines.

      It’s almost like someone getting pissed that a potential buyer decided not to buy an AMC Gremlin with oil leaks and bald tires.

       

      I'm Snort McDork and I approved this message.

      "I like Birdy Num-Nums"

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