{"id":474872,"date":"2022-07-17T05:57:11","date_gmt":"2022-07-17T02:57:11","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/elons-musk-see-fight-for-twitter\/"},"modified":"2022-07-17T05:57:11","modified_gmt":"2022-07-17T02:57:11","slug":"elons-musk-see-fight-for-twitter","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/elons-musk-see-fight-for-twitter\/","title":{"rendered":"#Elon&#8217;s Musk-see fight for Twitter"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2917e2e199e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2917e2e199e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/elons-musk-see-fight-for-twitter\/#%E2%80%9CElons_Musk-see_fight_for_Twitter%E2%80%9D\" >&#8220;Elon&#8217;s Musk-see fight for Twitter&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/elons-musk-see-fight-for-twitter\/#%E2%80%98Best_and_final_offer\" >\u2018Best and final offer\u2019<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/elons-musk-see-fight-for-twitter\/#%E2%80%98Model_of_hypocrisy\" >\u2018Model of hypocrisy\u2019<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CElons_Musk-see_fight_for_Twitter%E2%80%9D\"><\/span>&#8220;Elon&#8217;s Musk-see fight for Twitter&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<div class=\"inline-module inline-module--columnist inline-module--author\">\n<div class=\"inline-module--author__img\">\n            <img decoding=\"async\" width=\"76\" height=\"69\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=76&amp;h=69&amp;crop=1\" class=\"attachment-nyp_columnist size-nyp_columnist\" alt=\"Charles Gasparino\" loading=\"lazy\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=152 152w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=114 114w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=76 76w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png?w=38 38w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/Gasparino_Charles_headshot.png 706w\" sizes=\"auto, (max-width: 76px) 100vw, 76px\"\/>      <\/div>\n<\/div>\n<\/aside>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>As opposed to most corporate lawsuits, Twitter\u2019s rundown of Elon Musk reneging on his deal to buy the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> giant is interesting reading. It\u2019s more dime-store novel than mind-numbing legalese, which helped convince many journalists that Twitter has an airtight case on a somewhat complicated legal doctrine called \u201cspecific performance.\u201d<\/p>\n<p>Musk is the world\u2019s richest man, also someone who thinks he can get away with anything. Crazy Elon relishes in defying securities regulators on settlements and brazenly attacking anyone who gets in his way (often on Twitter) without recourse.<\/p>\n<p>Finally, he would be held accountable! He\u2019ll have to go through with the his initial $44\u2009billion purchase.<\/p>\n<p>But after looking past the adjectives, and digesting the sometimes nasty details of Musk\u2019s Twitter dance, I\u2019m not so sure how this will end up other than providing a huge payday for all the lawyers involved.<\/p>\n<p>First, there are no real good guys here.<\/p>\n<p>Twitter is very popular, but controversy has surrounded the company since it went public in 2013. Its \u201cwoke\u201d programmers relish stifling speech. For all its relevance, Twitter has long shafted shareholders. It often still loses money. Management has refused to make meaningful changes to its business model.<\/p>\n<p>Enter Musk, corporate America\u2019s best-known disruptor for making his electric vehicle company Tesla both profitable and a cultural icon.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"633\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1240649087.jpg?w=1024\" alt=\"Many legal experts point toward Twitter as the eventual victor.\" class=\"wp-image-23086586\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1240649087.jpg?quality=75&amp;strip=all&amp;w=2048 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1240649087.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1240649087.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1240649087.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Twitter is suing Musk for backing out of his $44 billion buyout of Twitter. <\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>As even Twitter\u2019s own lawsuit points out, Elon came to the company with an offer it couldn\u2019t refuse: a roadmap to make Twitter fair and financially successful (cutting expenses, getting rid of bots and making the platform more ad friendly). Plus he had a ton of cash no one else would put up.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%98Best_and_final_offer\"><\/span>\u2018Best and final offer\u2019<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Twitter\u2019s lawsuit is on strongest ground when it shows just how erratic Musk can be. He\u2019s no ordinary CEO surrounded by lawyers and advisers monitoring his every move. The lawsuit points out how he began by secretly and maybe illegally accumulating a significant stake in the company without giving the proper disclosures to the Securities and Exchange Commission.<\/p>\n<p>When he initially spoke to the board about his investment, he acted like a friend looking to help current management as a board member. But that quickly changed. Unexpectedly, he hit them with demands to accept his \u201cbest and final offer\u201d of $44 billion, waved due diligence, and threatened to go to war unless Twitter relented, the lawsuit shows.<\/p>\n<p>Now, before you get all teary-eyed for Twitter, consider that management had no choice to play Musk\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"753\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1234732042.jpg?w=1024\" alt=\"His newest target has been Twitter, often using the platform to mock it.\" class=\"wp-image-23086585\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1234732042.jpg?quality=75&amp;strip=all&amp;w=2048 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1234732042.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1234732042.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/GettyImages-1234732042.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Musk has been known to use social media to mock those he is fighting. <\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Bots might account for no more than 5% of all users, but they\u2019re a huge and annoying problem. The cancel culture of its algorithms stifles thought and user growth.<\/p>\n<p>Musk of course, got so rich via his stake in Tesla, which for years kept going up in price until Jerome Powell recently put the brakes on the speculative bubble he created. When Tesla shares started to reflect reality \u2014 for all its popularity and increasing profitability, its stock remains way overvalued by traditional metrics \u2014 the stock cratered along with Musk\u2019s net worth by about $50 billion (he\u2019s worth a mere $230 billion as this goes to press).<\/p>\n<p>It then dawned on Musk that not only is Twitter a basket case, but his own cash was rapidly evaporating. Suddenly deal talks turned sour, the lawsuit shows in all its gory details, with Crazy Elon tweeting Twitter poop emojis about the company and accusations it was hiding stuff like the real number of fake accounts.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%98Model_of_hypocrisy\"><\/span>\u2018Model of hypocrisy\u2019<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On its face, such a claim <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears outlandish and would amount to the corporate crime of the century since Twitter has for years publicly stated bots reflect a small percentage of all users.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>No matter. A nasty letter to Twitter a week ago from Musk\u2019s attorneys stated that he wanted out of the deal because Twitter was negotiating in bad faith over the fake accounts. Twitter\u2019s lawyers characterized Musk\u2019s charges as a \u201cmodel of hypocrisy\u201d since getting rid of the fake stuff was how he said he was going to make Twitter profitable.<br \/>Now this sordid spectacle is heading to the Delaware Chancery Court, the go-to venue to settle high-profile corporate claims.<\/p>\n<p>Late Friday, Musk responded to Twitter, saying he was on firm ground to terminate the deal because the company\u2019s bot disclosures could be false, thus violating the merger agreement. He said the court should deny Twitter\u2019s bid to expedite the trial because proving this takes time.<\/p>\n<p>\u201cGiven the players involved, you reporters will be having lots of fun,\u201d one lawyer in the case told me. Think Johnny vs. Amber of business disputes \u2014 also with plenty of poop references.<\/p>\n<p>Lawsuits are always difficult to predict but the Chancery Court tends not to take kindly to erratic, nonconformists like Musk. Twitter\u2019s stock price has fallen amid the back-and-forth so shareholders appear to have suffered.<\/p>\n<p>Or maybe not. All Musk really did during his nasty tweeting was expose the flaws in the company\u2019s business \u2014 he might be exaggerating the number of fake accounts, but even Twitter would acknowledge they\u2019re a problem. If anything, he provided a roadmap on how to save Twitter: Get rid of the fake accounts, stop stifling free speech that pisses off half of the country and control expenses.<\/p>\n<p>Crazy Elon might just win again.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/07\/16\/elons-musk-see-fight-for-twitter\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Elon&#8217;s Musk-see fight for Twitter&#8221; As opposed to most corporate lawsuits, Twitter\u2019s rundown of Elon Musk reneging on his deal to buy the social media giant is interesting reading. It\u2019s more dime-store novel than mind-numbing legalese, which helped convince many journalists that Twitter has an airtight case on a somewhat complicated legal doctrine called \u201cspecific&#8230;<\/p>\n","protected":false},"author":1,"featured_media":474873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/elon-musk-vs-parag-agrawal-1.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[131438,39394,70446,72976,10401],"class_list":["post-474872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-7-16-22","tag-elon-musk","tag-lawsuits","tag-securities-and-exchange-commission","tag-twitter"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=474872"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/474873"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=474872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=474872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=474872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}