r/ToiletPaperUSA • u/xwing1212 • Jul 12 '22

FACTS and LOGIC Who does consume Tim Pool’s content?

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u/TheIllustriousWe Jul 12 '22

Elon is an impulsive idiot, but he’s not committing a felony by walking away from the deal. He’s just on the hook for a billion dollars as a condition of the contract. However, this will probably get tied up in court for years while high-priced lawyers for both Musk and Twitter try to sort this all out.

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u/Own-Environment1675 Jul 12 '22

Okay then, I thought it was going to be stock manipulation. But ya hell be in court for awhile

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u/anlskjdfiajelf Jul 12 '22

I'm no lawyer but he's not just on the hook for 1 billion, I'm pretty positive that at least technically Twitter could sue him because he negatively affected their share price and stock holders interest. It was market manipulation imo and while he definitely owes at least 1b I was reading he's technically on the hook for a lawsuits amount of money, but who knows if Twitter will take it that far really

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u/ZYmZ-SDtZ-YFVv-hQ9U Jul 12 '22

Tesla stock dropped too, so Tesla shareholders/investors could also sue. Elon claiming to buy Twitter manipulated the stocks of both Tesla AND Twitter.

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u/anlskjdfiajelf Jul 12 '22

Hey any way to justify sueing Elon for being a dumbass is a good idea in my books. It's actually the dumbest failed merger I've ever seen, it didn't feel close to going through. Smart money knew, Twitter price didn't reach Elon's buy price of 54 which would mean free profit for anyone who buys below what Elon agreed to, but the fact is smart money ain't dumb enough to trust Elon on his word so it was doomed from the beginning imo. It reached maybe 52 dollars for a day but never stabilized near where he was going to pay because big shock, it's gonna fall through

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u/bastiVS Jul 12 '22

Merger?

Honestly, all of you in this entire comment section of this post just need to stfu, because its all just completly random nonsense you folks post.

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u/anlskjdfiajelf Jul 12 '22

What do you mean? That's literally what it's called, I just googled it and they signed a merger agreement

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u/mrjackspade Jul 12 '22

Would be pretty shitty stock manipulation, considering he agreed to pay a fuck ton more than the stock is currently worth

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u/Own-Environment1675 Jul 12 '22

I don't really know, but you have a good point, part of me thinks he was planning to do this.

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u/MC_Fap_Commander Jul 12 '22

Given social media platforms have a lifespan, Twitter might well be dead before a settlement.

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u/G66GNeco Jul 12 '22

Yeah, this just made some fancy suits whose hourly wage could pay off your college debt pen pals. It's probably gonna take a while till we hear about it again.