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So "X" - nothing to see here. Elon's in control - Part XXX Threadbans in OP

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#872 09-07-2022 8:39am
pjohnson

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This is a hard time for the gullible Musk-ians. The educated shouldn't gloat at the poor souls.

https://www.boards.ie/discussion/comment/119311798#Comment_119311798

They would happily buy invisible magic beans if Elon told them too.

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#873 09-07-2022 9:00am
Boggles

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But but but, what about owning the libs?

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#874 09-07-2022 9:05am
Beasty

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https://www.boards.ie/discussion/comment/119311543#Comment_119311543

Sorted

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#875 09-07-2022 9:32am
Cordell

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https://www.boards.ie/discussion/comment/119312196#Comment_119312196

It was never about them, but it was nice to see them squirm. Again. It would have been beautiful to see them do it even more and every day, but we should be happy with what we got. And they are doing a great job owning themselves anyway.

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#876 09-07-2022 9:39am
Boggles

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https://www.boards.ie/discussion/comment/119312393#Comment_119312393

Does "squirm" mean gut laugh uncontrollably?
Elonomics.

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#877 09-07-2022 9:58am
Quantum Erasure

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https://www.boards.ie/discussion/comment/119312430#Comment_119312430

There was a bit of a hissy fit thrown to be fair though...

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#878 09-07-2022 11:06am
Boggles

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https://www.boards.ie/discussion/comment/119312545#Comment_119312545

Sure you'll have that. Isn't that Twitters business model?
The current €44 billion hissy fit will be decided by the courts.
A man potentially forced to by a company that he never wanted at a price probably 60% above current value.
2022. Elonomics.
Personally I think they should definitely suspend his account until he pays the money he owes, that's epic welching.

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#879 09-07-2022 12:02pm
Cordell

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he pays the money he owes
He owes what to whom?

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#880 09-07-2022 12:19pm
sameoldname

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https://www.boards.ie/discussion/comment/119313035#Comment_119313035

The $54.20 per share he agreed to pay to the shareholders of Twitter.
I have a feeling this thread will now become "Contract Law for Slow-Learners."

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#881 09-07-2022 12:30pm
Penn

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https://www.boards.ie/discussion/comment/119313035#Comment_119313035

He agreed to the deal. The deal was agreed and accepted by Twitter. It's only after the deal was made that he raised his issues about bots etc (he neglected to do so during the negotiations before the deal was made, and therefore he agreed to buy Twitter as it was). As such, he owes the sale price of 44bn or whatever to Twitter, as his failure to do due diligence does not negate the deal that was made.
At the very least he's likely to have to pay out 1bn to break out of the deal, but Twitter appear to be choosing to sue to force Musk to complete the deal he agreed to, especially considering the effect not completing the deal will have on the value of their shares.
So yes, currently, he appears to owe 44bn to complete the purchase of Twitter he agreed to because he's a f*cking numpty who did it for attention and didn't think Twitter would actually agree to sell to him.

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#882 09-07-2022 12:40pm
Donald Trump

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https://www.boards.ie/discussion/comment/119311636#Comment_119311636

I told him to never go full Trump

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#883 09-07-2022 12:46pm
Bass Reeves

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Musk problem is he bid for the company at the wrong time. The tech share prices have tanked and it highly probable at this stage he cannot finance the deal. Orginally he made a low ball bid that became very attractive.

Slava Ukrainii

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#884 09-07-2022 1:23pm
Oafley Jones

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https://www.boards.ie/discussion/comment/119313163#Comment_119313163

Any time would be a bad time to buy twitter, unless you’re paying pennies on the dollar. Everyone else who has looked at twitter as an acquisition has quickly realised it just a bag of issues with no easy solution, full of arseholes and bots, limited utility and reach with the normals and has no real way of being monitized.

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#885 09-07-2022 1:36pm
Shoog

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More dirty dealing from the little **** Musk.

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#886 09-07-2022 2:08pm
brokenangel

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Twitter is a cess pool, at this stage it’s probably at least 100 - 1 in terms of bots v actual people
In terms of Musk, he is playing the markets for years to make himself richer, the whole Bitcoin was a joke, said you could buy a Tesla with Bitcoin, price went up, then he said you couldn’t and price went down. Did he make money out of that? Of course
Because he is based in US and they love him he gets away with it, if it was an overseas person then the US would be trying to throw them in jail

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#887 09-07-2022 4:26pm
Cordell

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https://www.boards.ie/discussion/comment/119313091#Comment_119313091

Or maybe the know it all insufferable types may learn to use the proper terms.

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#888 09-07-2022 6:01pm
sameoldname

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https://www.boards.ie/discussion/comment/119313826#Comment_119313826

What was improper about the phrase "pays what he owes" in a thread about Elon Musk agreeing to purchase Twitter, that you had a problem understanding? Or were you being obtuse?

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#889 09-07-2022 7:41pm
_Kaiser_

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It all seems pretty simple to me. It was all a stock play by Musk
All the rest - fixing Twitter, restoring balance, whatever - was just window dressing to inflate the price and profit. All a con.
The whole cult around the guy is baffling. He's basically Gordon Gekko with better PR.

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#890 09-07-2022 9:38pm
kowloon

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Do lawyers accept bitcoin?

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#891 10-07-2022 1:55am
rob316

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It was all a cleverly concocted plan to liquidate 8.5bn of Tesla stock.
Like who would actually buy twitter let alone pay the best of 50bn for it?

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#892 10-07-2022 2:32am
Snake Plisken

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Why would anyone overpay for a business who's stock tanked? Also it seems the answers (or lack of) from the Twitter board gave about the amount of Bot accounts seems to have given him and his lawyers a way out, He might still buy it but at a big discount.

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#893 10-07-2022 2:44am
kowloon

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https://www.boards.ie/discussion/comment/119315742#Comment_119315742

That depends on whether he started asking questions before or after the deal was agreed. It'll be decided in court.

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#894 10-07-2022 4:36am
riclad

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Of course he wants to drop out of the deal, he offered way too much per share, the tech stock market has dropped as soon as he made the offer, he's trying to make up excuses about theres many bots, he's behaving like a spoiled child,, tesla shares fell, he'd have to sell alot of tesla shares to buy twitter, of course he, ll likely have to pay a penalty fee, to get out of this,
Maybe off topic, but his behaviour around women is very strange, it's come out that he has had 2 children with an employee slightly before he made grimes pregnant.
He go, s on about free speech.
I doubt if he wants his workers or union organisers the right to talk to each other or talk about working conditions at tesla
Twitter is a vital service for media Politicans journalists government, ordinary people to talk to other people a great venue for free speech and is avaidable in many country's where tiktok is blocked
Of course its tiny in comparison to YouTube or tik tok
I'm not sure how you can value twitter versus say YouTube where you can look at costs versus ad revenue
Tesla cars are nice the self driving mode is a disaster there's videos on YouTube where its shown trying to crash into walls or other parked cars before the driver takes control
His wealth is based on tesla shares value but in reality he can only sell off a small amount of shares

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#895 10-07-2022 9:46am
Cordell

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https://www.boards.ie/discussion/comment/119314124#Comment_119314124

When you agree to buy something you don't owe any money right away. You owe money only after the other party has delivered that something to you. At this point in this deal neither party hasn't delivered anything yet so no one owes anything.

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#896 10-07-2022 10:01am
[Deleted User]
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https://www.boards.ie/discussion/comment/119315742#Comment_119315742

The thing is, since day one people have questioned if he ever wanted to buy it. Within a week of him announcing the deal, it rapidly became apparent that he did not. Also it's on him if he didn't do due diligence prior to making the deal.

Anyway, the apparent saviour he was gonna be for Trump and the right to say whatever they want on Twitter is dead in the water. 😂

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#897 10-07-2022 10:06am
is_that_so

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You do get the impression that he wanted out of it from Day 1 and just bid because he could. It will be interesting to see how things unfold for him into the future. SpaceX is a winner but the likes of Tesla may end up as a money pit as the traditional manufacturers get their acts together very fast on production rollout.

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#898 10-07-2022 10:46am
Snake Plisken

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No I think once he got proper access to the data he needed he could see what a mess it was in and it was over valued.
Anyways lets see what happens next

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#899 10-07-2022 11:12am
AMKC

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Ms

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https://www.boards.ie/discussion/comment/119316098#Comment_119316098

Anyway, the apparent saviour he was gonna be for Trump and the right to say whatever they want on Twitter is dead in the water. 😂
Thank fu-ck for that. We are all saved from more of the Orange Clown.

Live long and Prosper
Peace and long life.

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#900 10-07-2022 11:26am
[Deleted User]
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https://www.boards.ie/discussion/comment/119316055#Comment_119316055

Do you get stuff from any online retailer C. O. D?
Even trying to get money back on non delivered items can be a battle.
https://www.boards.ie/discussion/comment/119316301#Comment_119316301

https://twitter.com/ZTPetrizzo/status/1545950135989026816?s=20&t=cOFxO-i8qLCbimI7fpn8qQ
Didn't take long for this, and other headcases who were cheering him on as a way to own the libs to get the knives out or making excuses.

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#901 10-07-2022 11:51am
nigeldaniel

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Would I be correct to think Musk realised at the last minute he cant really afford to buy Twitter? Like he tried to buy his own company a few years back and have it de-listed [from the stock market] and that did not work out to well either. Just a musing on my part.

Dan.

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