From a private site reprinting SEC data:
Twitter’s reply:
https://sec.report/Document/0001193125-22-233469/
Interesting … Seems like an out of court settlement might actually happen. Wonder what haircut will Twitter have to accept for that to go through.
Next stop Rumble?
https://www.thestreet.com/technology/elon-musk-hints-at-taking-on-youtube-head-on?puc=yahoo&cm_ven=YAHOO
Delaware not have protective orders?
And the fake SpaceX videos, using their logo, continue on YouTube to this day. I see them every few days, promoted to my home page. They’re almost always running a cryptocurrency scam of some kind, rebroadcasting old SpaceX commentary in inset windows with the scam promotion in the border.
Amazing how Rumble apparently can remove blatant scams while leaving in political speech, etc.
Elon continues his Twitter persuit !!!
Musk has about 20 billion in cash after selling part of his Tesla stake in multiple transactions according to a Reuters calculation.
Even if all the financing stars align, Musk still needs as much as $3 billion.
1-week seems awfully fast to close the Musk purchase of TWTR. Will FBI employees of Twitter jump ship for Google or other Deep State Friendly platform?
Nah. Musk’s negotiation w/ Deep State is just beginning – expect stock/news to bounce around for weeks until a deal is cut.
This is getting into Beria-land.
National security review.
OK, that didn’t work. Try anti-trust.
OK, that didn’t work. Try the EPA.
OK, that didn’t work. Try the Labor Department…
Rumor has it National Archives and Post Office have objections too …
So it looks like what possibly started on a lark in early 2022 is now coming to an end where Musk will (may? could?) actually purchase the thing this week.
It’s fair to say Matt Levine - not a fan, as he would probably admit if asked - advanced a funny outcome in his latest email newsletter this morning:
- Having agreed to close the deal by 5 p.m. this Friday, Musk in fact closes the deal by 5 p.m. this Friday, paying $54.20 per share to all of Twitter’s shareholders and taking over the company.
- At 5:01, Joe Biden calls Musk and says “I am sorry, but we have decided that it is a national security risk for you to own Twitter, you will have to divest it immediately, this is an unreviewable and final order.”
- Musk has to sell the company by noon on Monday, which he does at a fire-sale price to … its previous public shareholders? His lenders? Jeff Bezos? Mark Zuckerberg? Kanye West? Jason Calacanis’s “randos”? Lots of good options here.
- He buys it for $54.20 per share this week and sells it for like $15 per share next week, losing tens of billions of dollars.
- Probably he has a really intense weekend of messing around with Twitter before letting it go? Again, many opportunities for antics.
Levine quickly admits this is not likely, and in fact the most probable result will be Musk becoming Twitter’s new owner this week on Friday. As John Gruber posted Friday (source) and based on Elon’s public statements, I guess massive layoffs could be expected very quickly?
To circle back to one of the early posts in this thread, if I were a Twitter employee, by now I would put the finishing touches on an edit button implementation that might - just might - keep my job safe for another month or so 