Elon Musk withdraws $44bn bid to buy Twitter(theguardian.com)
theguardian.com
Elon Musk withdraws $44bn bid to buy Twitter
https://www.theguardian.com/technology/2022/jul/08/elon-musk-buy-twitter-withdraw
12 comments
Most likely this will go to courts and the likely outcome will be that Musk pays $1 billion severance fee and that's it.
Kinda sick of Musk's shenanigans and I wanted to see this happen. Is it all a bunch of excuses, but ultimately due to TSLA stock getting rocked?
Musk is just so full of shit, everyone can see him for the grifter he is now. He'd do so much better if he just stopped running his mouth.
His ego has gotten him in a big mess. I doubt that he will be forced to go thru with it but he's going to have to pay big. He can take the hit but his reputation will be mud for years to come. He'll be known as the guy that backed out of purchasing Twitter for life. But worse than that he'll be known as they guy you can't trust. All because he couldn't control his inflated ego.
It's not the mafia - he'll be the person known for building a trillion dollar car company out of pure speculation, and damn near delivering on that speculation.
He could have been known for that. But his never ending rants are slowly deflating his reputation. He built his reputation up and he's slowly destroying it. He's in his 50's so he has a long time to go. Only the future will tell.
Maybe we see people in different ways. He can pull all of the stupid hire-to-fire bullshit and the imbecilic move about homeworking stuff, but he has made more people millionaires than I've had cheeseburgers.
His net impact is good, unlike my cheeseburgers.
His net impact is good, unlike my cheeseburgers.
The amount of envy people here have for Elon is crazy. The man is succeeding at making us a multi-planetary species, arguably the single most important achievement in the history of life itself, and your little damaged egos can't handle it. So sad.
I had heard that Musk has some seriously aggressive fanboys, and now I believe it.
The opposite is also true. I've met many people so stupid to claim things like "Elon is an idiot, he only is so rich because he was rich to begin with and he hired a bunch of specialists". I somewhat agree with a comment you reply to, as I think it's premature to judge Elon on the twitter deal. Let's be patient and see what happens in the next year or two; I know, most people have a hard time remembering about a war in Europe for more than a month, but if we're discussing maturity of fans or haters then I'd hope for an agreement on HN regarding that patience.
My point being, it's somewhat ridiculous to expect a $44 billion transaction to go like this:
- I'll buy this for 44 bn.
- Nah, or wait, alright.
- Alright, I'm buying.
That's big money and probably a lot of advisors are involved. It's still possible that Elon will eventually buy Twitter. If not, I will be inclined to think that it was either not well-thought out proposal or a trick to sell Tesla stock...
My point being, it's somewhat ridiculous to expect a $44 billion transaction to go like this:
- I'll buy this for 44 bn.
- Nah, or wait, alright.
- Alright, I'm buying.
That's big money and probably a lot of advisors are involved. It's still possible that Elon will eventually buy Twitter. If not, I will be inclined to think that it was either not well-thought out proposal or a trick to sell Tesla stock...
Honestly seems like he used the twitter deal to liquidate 8 billion of tesla stock without causing the price to collapse too much. One of the only things that'll change people's minds is if he repurchases some tesla stock