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July 08, 2022
Elon Musk Formally Notifies Twitter of His Intent to Cancel His Purchase of the CompanyWe just got a warning of this yesterday: Elon Musk may soon walk away from his $44 billion agreement to buy Twitter because he believes he does not have enough information to determine the level of fake accounts, according to published reports Thursday. Musk has made it clear he believes the economy is tanking. He's trimming his own revenue-producing businesses. An article I linked some weeks ago made a persuasive case that all the tech companies that don't make any money have been kept alive only by constant re-infusions of capital -- new loans, basically -- and the cost of loans is becoming too expensive to keep doing this. So many of these companies are going to "disintegrate," as that article said. A company like twitter will probably survive, but its value might be cut in half, or worse. And Musk came in and offered more than its market value, pre-recession. Pre-disintegration. I think all of his squawking about bots is his way of trying to connive some kind of legal justification to get out of a bad deal, or at least pressure Twitter's board into giving him a steep discount on this loser company's price. I don't think this will work, though. Billionaire Elon Musk wants to end his deal to buy Twitter, according to a letter sent by a lawyer on his behalf to the company's chief legal officer Friday. If Musk walks away without some kind of legal justification he can blame on Twitter, he'll owe one billion dollars in a walk-away penalty. Does Musk really think he can get left-leaning judges to agree with him? Musk gave the leftwing another nervous breakdown by threatening their stranglehold on speech and threatening to delete their power of censorship. They will be out to teach him a lesson. And to make an example for anyone else who considers challenging the Ruling Class. Here's the thing: I think he'd rather a billion dollars that than be saddled with the full $44 billion cost of Twitter. Plus the yearly costs to maintain an unprofitable moneysuck. It's too bad that we won't have free speech in this country, and we'll continue to have Conservative, Inc. fighting against free speech on behalf of their tech monopolist paymasters. I had hoped... that maybe Twitter would just walk away -- they wanted to keep their leftwing censorship machine in leftwing hands, anyway -- but now they do have some shareholders to consider: Bret Taylor @btaylor | Recent Comments
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DONALD JOHN TRUMP, THE 45th AND 47TH PRESIDENT OF THE UNITED STATES, TO BE INAUGURATED AT NOON; "CONVICTED FELON" TRIUMPHS OVER CORRUPT MEDIA AND CRIMINAL DEEP STATE
Biden Pardons: Fauci, Cheney, Milley et al Cannot Refuse to Testify About their Illegal Actions Now that They Have Immunity Due to Their Pardons Mid-Morning Art Thread The Morning Report — 1/20/25 Daily Tech News 20 January 2025 Sunday Overnight Open Thread - January 19, 2025 [Doof] Gun Thread: T-Minus 17 Hours Edition! Food Thread: "Unidentified Slime," My favorite Ingredient! First-World Problems... Senile Octogenarian Molestation Suspect Begins New Career As Constitutional Scholar Search
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