Elon Musk’s buyers remorse on Twitter is the funniest fucking thing
[However, as stock prices have plunged in an overall market downturn, Musk has suffered from apparent buyer’s remorse and is saying that the deal is “on hold.”
One problem with that move is that it doesn’t exist.
“There is no procedural step in the closing of a company that is called ‘deal on hold,’ there is ‘no deal on hold’ built into the agreement,”]
@swiff One of the explanations for this about face could be that he actually lacks the funds to fall through with deal. Most of his wealth are shares, most of which are already pledge as collateral against personal debt.
Another possibility is Musk being simply a bullhorn for the Saudi sovereign fund, whom have been trying to acquire #Twitter for a while. The Saudis got cold feet and left Musk out in the open.
@swiff In whichever case, this seems the deepest legal quagmire Musk has ever drove himself into.
However, as many previous cases have shown, Musk is out of reach of US law. He does as he pleases, judiciary and regulators bend over backwards to acquisce.
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