[American Number 181269513]

Musk initially waived his right to review Twitter's finances before buying the company. However, the billionaire's purchase agreement does hold that if he can prove that Twitter misled him, he can walk away from the deal.

Twitter released a statement on Monday which said: "Twitter has and will continue to cooperatively share information with Mr. Musk to consummate the transaction in accordance with the terms of the merger agreement."

Musk already knew the finances as twitter is a public company. What he doesn’t know is the fake bot account total and he shrewdly set up the purchase agreement to make sure he gets that information. I believe he knows the estimated numbers but wants confirmation hence, the walk away clause. That data should be very interesting.

[Parley Baer]

Bwahahahaha. Twitter must be getting a lot of bad feedback.

[billorites]

Huh. The plot thickens.

I'm enjoying this drama almost as much as I did the Amber & Johnny trial.

[Honorary Serb]

.....” firehose” of internal data.....

This sounds like MIT talk!!!!

https://mitadmissions.org/help/faq/drinking-from-a-firehose/

[airborne]

Score

Musk - 1

Twitter liberals - 😭

[DaxtonBrown]

Anyone who has done business deals knows this is the normal process.
My rule of thumb is all deals break up at least 6 times before completion. We are only at about Number 2.

[BobL]

“I believe he knows the estimated numbers but wants confirmation hence, the walk away clause.”

Exactly. He almost certainly was tipped off by people on the inside - now he wants it official. Otherwise they can deny it.

Similar to other legal proceedings. For example, with bankruptcy, you are required to disclose your assets, so the judge can distribute them as required. So if you try to get cute and don’t disclose something, you better hope the judge (actually trustee) doesn’t find it. Because if it is found, your civil case (bankruptcy) has turned into a criminal case (contempt). At least that’s my understanding.

[Steely Tom]

Business Insider seems less than enthusiastic about more information becoming available.

[absalom01]

It’s a lead pipe cinch that Twitter management has been misleading investors, and the SEC for years now about the actual user count, which directly affects the value of the company.

Just a few short years ago, the honchos in the C suite would be sweating. Of course, in today’s America, people with the right politics are immune from the rules that apply to the rest of us. They’ll get away with it, and be enriched in the process.

[Delta 21]

I wonder what the Twitter big whigs think of having the real world invade their utopia?