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Fri Jul 8, 2022, 11:18 PM

Anybody else get back on twitter now that the rich man-baby is exiting stage -- good riddance?

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Reply Anybody else get back on twitter now that the rich man-baby is exiting stage -- good riddance? (Original post)
Comfortably_Numb Jul 2022 OP
Ocelot II Jul 2022 #1
Comfortably_Numb Jul 2022 #2
Blue Owl Jul 2022 #3
sprinkleeninow Jul 2022 #18
Ms. Toad Jul 2022 #7
Ocelot II Jul 2022 #19
Ms. Toad Jul 2022 #22
Ocelot II Jul 2022 #23
Ms. Toad Jul 2022 #24
JI7 Jul 2022 #8
area51 Jul 2022 #14
moonshinegnomie Jul 2022 #17
wnylib Jul 2022 #16
FoxNewsSucks Jul 2022 #4
msongs Jul 2022 #5
womanofthehills Jul 2022 #12
TDale313 Jul 2022 #6
womanofthehills Jul 2022 #15
Dr. Shepper Jul 2022 #9
moonshinegnomie Jul 2022 #10
Cha Jul 2022 #11
edbermac Jul 2022 #13
Dave says Jul 2022 #20
Pete Ross Junior Jul 2022 #21

Response to Comfortably_Numb (Original post)

Fri Jul 8, 2022, 11:21 PM

1. It's not over. Twitter is suing Musk for breach of contract,

and the remedy could be specific performance - that is, the court enforces the contract and orders Musk to buy Twitter as agreed.

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Response to Ocelot II (Reply #1)

Fri Jul 8, 2022, 11:25 PM

2. Good point, and spot on. I'll bail again if he ends up owning it.

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Response to Comfortably_Numb (Reply #2)

Fri Jul 8, 2022, 11:31 PM

3. Fatfuck von ToiletTweeter is lurking in the shadows

Biding his turdly timeÖ.

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Response to Blue Owl (Reply #3)

Sat Jul 9, 2022, 03:55 AM

18. you have a way with...

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Response to Ocelot II (Reply #1)

Sat Jul 9, 2022, 12:09 AM

7. Generally, if you can provide an appropriate remedy by throwing money at it,

the non-breaching party is not entitled to specific performance.

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Response to Ms. Toad (Reply #7)

Sat Jul 9, 2022, 09:36 AM

19. Generally, yes, but this contract has a specific performance clause.

So Musk might find himself on the hook to buy the company at the agreed-upon price, even though it isn't worth as much as it was when they made the deal - in part because of Musk's own fuckery. That's why Twitter will want to enforce the contract.

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Response to Ocelot II (Reply #19)

Sat Jul 9, 2022, 01:02 PM

22. I know why they want to enforce it

But liquidated damages clauses are generally monetary, not an obligation to perform what the contract required them to do in the first place. To be enforceable, the remedy has to be a reasonable estimate, at the time the parties entered into the contract for the damages (difficult to ascertain at the time of contracting). Specific performance isn't an estimate of the damages.

The decision about specific performance iwill be left to the curt as an equitable remedy if no amount of money would be adequate to compensate the injured party. Seems to me that it is relatively easy to calculate Twitter's loss from the agreed upon price compared to the current price. Twitter keeps its company at a lower value; Musk pays a hefty price for breaching the contract.

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Response to Ms. Toad (Reply #22)

Sat Jul 9, 2022, 04:28 PM

23. I don't want him to buy it; I hope he has to pay through the nose

to get out of the contract, and thatís probably what will happen.

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Response to Ocelot II (Reply #23)

Sat Jul 9, 2022, 04:50 PM

24. Agreed as to what will probalby happen. n/t

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Response to Ocelot II (Reply #1)

Sat Jul 9, 2022, 12:09 AM

8. Can't he just pay the billion or whatever that was to get out of it ?

Wasn't that part of the "deal" ? That if he backed out he would pay a billion .

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Response to JI7 (Reply #8)

Sat Jul 9, 2022, 01:32 AM

14. That's what I heard. n/t

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Response to JI7 (Reply #8)

Sat Jul 9, 2022, 01:58 AM

17. no

the 1B is if a 3rd party were to block the deal
the contract has a specific performance clause that can force must to buy them comany even if he doesnt want to any more

https://www.sec.gov/Archives/edgar/data/1418091/000119312522120474/d310843ddefa14a.htm

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Response to Ocelot II (Reply #1)

Sat Jul 9, 2022, 01:46 AM

16. Could it be that Musk is complaining about

the number of fake accounts as a means of bringing down the price? He claims that Twitter did not live up to its part of the bargain so he does not have to live up to his original offer?


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Response to Comfortably_Numb (Original post)

Fri Jul 8, 2022, 11:41 PM

4. Never used it,

never will.

Regardless of owner.

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Response to Comfortably_Numb (Original post)

Fri Jul 8, 2022, 11:50 PM

5. twitter is swamped with trump propaganda even tho he is technically banned nt

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Response to msongs (Reply #5)

Sat Jul 9, 2022, 01:29 AM

12. Disagree - Twitter is about who you choose to follow

You can design Twitter to your liking.

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Response to Comfortably_Numb (Original post)

Sat Jul 9, 2022, 12:05 AM

6. I didn't leave.

I would have if it became clear the deal was actually going to go through. But it started feeling unlikely within a couple days. I am glad it fell through. He should not own Twitter.

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Response to TDale313 (Reply #6)

Sat Jul 9, 2022, 01:33 AM

15. But should a Saudi prince own part of Twitter?

Saudi prince, who is major Twitter shareholder, rejects Elon Musk offer to buy company

https://finance.yahoo.com/news/saudi-prince-major-twitter-shareholder-171929382.html

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Response to Comfortably_Numb (Original post)

Sat Jul 9, 2022, 12:57 AM

9. I blocked him a few weeks back and forgot he even

Existed. Bliss.

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Response to Comfortably_Numb (Original post)

Sat Jul 9, 2022, 01:05 AM

10. the contract he signed includes a specific performance clause

it basically says Twitter can force musk to buy them. there is precedence for this in the past in other mergers.

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Response to Comfortably_Numb (Original post)

Sat Jul 9, 2022, 01:11 AM

11. This Shareholder feels like we do..



I never left... I stayed to fight like George Takei.

Please Fight to Save Our Democracy💙 in 2022 & 2024!

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Response to Comfortably_Numb (Original post)

Sat Jul 9, 2022, 01:29 AM

13. Not yet. I got booted for calling Jason Aldean a dumb redneck

I guess thatís the Twitter equivalent of the N-word

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Response to Comfortably_Numb (Original post)

Sat Jul 9, 2022, 10:13 AM

20. My Twitter timeline has, just this morning,

Turned in to a MAGA cesspool. Normally itís populated with art and left-wing politics. Now itís ĎBiden is dirtí and stories about women claiming they should have the right to claim a zygote on their taxes (given the absurdity of the SCOTUS Roe decision, they should).

Something is newly amiss over there.

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Response to Comfortably_Numb (Original post)

Sat Jul 9, 2022, 10:16 AM

21. Never was on Twitter in the first place.

I speculate the rich man baby is quietly shorting Twitter using an intermediary.

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