Posted on 07/14/2022 11:44:50 AM PDT by algore
Twitter's legal complaint accusing Elon Musk of violating his $44 billion takeover agreement includes an unusual exhibit
The lawsuit filed on Tuesday in Delaware cites Musk's May 16 tweet, among others, as evidence that he publicly disparaged Twitter, in violation of the merger agreement, before he backed out of the deal entirely.
Musk's tweet with the smiling poop emoji came in response to Twitter CEO Parag Agrawal, who had sent several tweets explaining the company's procedures to combat spam and fake accounts, a battle Agrawal described as 'dynamic.'
Last week, Musk said he was terminating the buyout deal over concerns about bots and fake accounts, and he responded to the lawsuit with a tweet explaining that his use of the colorful emoji was shorthand for 'BS', a common abbreviation for 'bulls**t.'
Now Twitter is seeking a court judgement to force Musk to buy the company at $54.20 per share, as he agreed in the April 25 merger deal -- and many legal and financial experts believe the social media platform has a strong case.
Twitter's lawsuit cites numerous tweets from Musk as evidence that he violated the merger agreement by disparaging the company and revealing non-public information.
In one May 17 tweet, Musk appeared to encourage the SEC to investigate the accuracy of Twitter’s public disclosures.
The company argues that these tweets violate the merger agreement, which states in part that Musk is allowed to tweet about the buyout 'so long as such Tweets do not disparage the Company or any of its Representatives.'
While Musk's tweets are presented as evidence he has been pursuing the takeover in 'bad faith' -- but the crux of Twitter's argument is that the world's richest man is bound by the deal to buy the company he signed on April 25.
(Excerpt) Read more at dailymail.co.uk ...
Worst case for Elon is he is out a billion for a company worth much much less than the $44B he was offering.
He may still go through with it, but at half the price.
‘Twitter’ is going to take $44 billion from Musk and it will still be controlled by the deep state. Musk will control Twitter about the same way that Trump was in control of his government.
Someone needs to make Parag go pick out his own switch!
Duh.
Why would twitter allow “disparaging emojis” on its platform if it has policies against harassing other users???
deeescovereee
its on baby!
Wait…they’re suing because he posted a poop emoji?
What are these people, 5 year olds?
leftist wet dream
business is a little different than govt
Any other predictions, o wise one?
On the surface, I agree but actually, Musk has had great success running other companies, so there's literally no reason he can't straighten out Twitter fast. He can just dump all the nefarious far-lefties in the company, move it to Texas and then hire tech people who actually know what they're doing. Twitter is not rocket science, although SpaceX is.
As for Trump, he's a Republican businessman trying to straighten out the U.S. government. But Trump faced dual threats - Democrats & RINOs ... a smelly, deadly, corrupt one-two punch. President Trump knew Washington was totally full of snakes. He knew it many decades ago. Even so, he thought he could accomplish a lot, and he did. But as an outsider, it was too much to expect him to totally control and fully reform the U.S. government. He still ended up with a bunch of back-stabbing snakes in his own Administration. Hard to weed them out. Snakes are extremely sneaky when they get into the weeds.
Worst case for Elon is he is out a billion for a company worth much much less than the $44B he was offering.
He may still go through with it, but at half the price.
And fire all of its management.
I wonder
If Elon has to pay the $1 billion breakup fee but then turns around and buys twitter fro $20 a share would be come out ahead.
Also if he then bought twitter could he refund himself the $1 billion?
Exactly! If Twats-R-Us allows the routine use of said emoji then they approve of its use.
There is "no there there".
Musk has mastered twitter wars
Trump is best to not get in the mud
Those Silicon Valley libtards have a poop fetish.
This a pathetically easy suit for to win
Even the guys on la law or suits could do it.
To the members of the jury, have you ever had a friend or co worker call BS on something?
Did you think they were diss’n you or that they were calling BS.
A co-worker told me chocolate milk came from brown cows and I called BS. This is a normal reation to fake facts
Yes, it’s certainly a silly argument that an emoji is “disparaging”. Emojis are not words; they don’t have a set meaning, so they are open to interpretation. In that sense, they are art. And unless art is explicitly explained by the artist, one can’t make much of a legal argument that art is disparaging. To do so only speaks to your own interpretation of the art, and not the artist’s intent.
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