Musk Pulls Out

The Twitter Fail Whale

No, this is not a dick joke about all of Musk’s secret babies in his attempt to change genetic history, but rather his desperate attempt to pull out of his Twitter take-over:

Elon Musk announced Friday that he will abandon his tumultuous $44 billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts. Twitter immediately fired back, saying it would sue the Tesla CEO to uphold the deal.

The likely unraveling of the acquisition was just the latest twist in a saga between the world’s richest man and one of the most influential social media platforms, and it may portend a titanic legal battle ahead.

Twitter could have pushed for a $1 billion breakup fee that Musk agreed to pay under these circumstances. Instead, it looks ready to fight to complete the purchase, which the company’s board has approved and CEO Parag Agrawal has insisted he wants to consummate.

When he signed the deal, Musk famously declined due diligence, so we’re not sure he has a leg to stand on.

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5 Responses to Musk Pulls Out

  1. Jimmy T says:

    Found a t-shirt for the occasion…

    Liked by 2 people

  2. roket says:

    Corporate abortions aren’t cheap.

    Liked by 3 people

  3. Richard Portman says:

    Elon Musk. Just a few years ago i was asking who is that. I would like to see him fall.
    There is no chance of recovering our resources and quatloos, but maybe we can send him off to some island that he has already depopulated.

    Liked by 2 people

  4. Doesn’t have the money, doesn’t have the market cap. His cars are shit, auto driving is a pipe dream, all he can send to spec is a car with a mannequin. His mass transit idea is a bus in a tunnel, he wants to throw 30,000 satellites in the sky for no reason. He has never accomplished anything on his own. Why do we care?

    Liked by 1 person

    • Musk himself is a third-rate Lex Luthor wannabee cosplaying as Tony Stark.

      His mass transit idea is a car in a tunnel…a bus in a tunnel is almost a subway. It’s a prime example of one of the things he’s come up with that he thinks is a brilliant idea. It’s not. it’s an amusement park ride, not a serious effort at mass transit.

      SpaceX is actually launching things and people into space The last few Space Station crews have bee taken up by Dragon capsules and several resupply missions have been done with unmanned Dragons. It’s by far the most successful space launch business around; and we need it becuase we as a nation have decided that this kind of stuff is too hard.

      Tesla deserves a LOT of credit for really pioneering the EV industry, but his stubborn egocentricity is holding it back. There have been a LOT more Teslas sold than any other EV. Full autopilot, as he imagines it is not feasable because he keeps screwing it up (see cosplaying Tony Stark…)

      Starlink does have the potential to really change broadband access for a lot of the world.

      Like

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