Considering he said this was a big reason for his purchase, you'd think the world's smartest man would have had his team do this due diligence?
Instead, he mad an offer on a whim and put the deal together in a couple days. Brilliant.
I guess that would be a function of how much Twitter had told everyone their percentage was. Improving Twitter’s 5% bot problem is different than improving it with 30% bots.
But, since we consider him the smartest man, he might actually be playing a game. He knew they would lie, or were for years, and put a clause in the contract about it and they fell into a trap.
Not sure who gets to pay the contract breakup $1B fee? It may be Twitter. That would be embarrassing. But then, they shouldn’t have been telling lies, if it turns out to be the case.
What a genius ... oh shit, there isnt a secret bot trap in the contract.
https://www.sec.gov/Archives/edgar/data/0001418091/000119312...
> Section 4.7 Information Supplied. None of the information supplied or to be supplied by or on behalf of the Company or any of its Subsidiaries expressly for inclusion or incorporation by reference in the proxy statement relating to the matters to be submitted to the Company’s stockholders at the Company Stockholders’ Meeting (such proxy statement and any amendments or supplements thereto, the “Proxy Statement”) shall, at the time the Proxy Statement is first mailed to the Company’s stockholders and at the time of the Company Stockholders’ Meeting to be held in connection with the Merger, contain any untrue statement of material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading at such applicable time, except that no representation or warranty is made by the Company with respect to statements made therein based on information supplied, or required to be supplied, by Parent or its Representatives in writing expressly for inclusion therein. The Proxy Statement will comply as to form in all material respects with the provisions of the Securities Act and the Exchange Act, and the rules and regulations promulgated thereunder.
Do people really think this was all a game to snag a $1B fee, publicly cause havoc and possibly precipitate the sinking of Twitter? Is that really what the world's richest man wants to drop everything to work on?
Seems like A LOT to go through for someone who has several very absorbing day jobs: Tesla + SpaceX + the micronauts rocket-tube thing + neuralink + ???
Is this mania?
He also had the bad luck to do this at the same time the bottom fell out of tech and people started questioning whether buying TSLA shares at $1000 was the best marginal use of their money.
Also interest rates going up significantly, making financing much more expensive.
Twitter being wrong about the number, or using a methodology Elon doesn’t like, isn’t enough.
How would he get access to that data beforehand?
Did you mean the richest? Or do you actually think he's the smartest?
What makes you think he didn't? So his team has a number, their team has a number.
The numbers diverge wildly.
Do you think smart people don't make decisions quickly?
That is interesting.
