Elon Musk terminates offer to buy Twitter…🤣

[ttown]

Elon Musk ends his deal to buy Twitter, according to a letter sent by a lawyer on his behalf to the company’s chief legal officer Friday. In the letter, disclosed in a Securities and Exchange Commission filing, Skadden Arps attorney Mike Ringler charged that “Twitter has not complied with its contractual obligations.”



Ringler claimed that Twitter did not provide Musk with relevant business information he requested, as Ringler said the contract would require. Musk has previously said he wanted to assess Twitter’s claims that about 5% of its monetizable daily active users (mDAUs) are spam accounts.



“Twitter has failed or refused to provide this information,” Ringler claimed. “Sometimes Twitter has ignored Mr. Musk’s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information.”

 

[SlugSlinger]

Adios twitter market cap!

 

[ifishok]

Just wait till Monday, nosedive.

 

[retrieverman]

They should’ve known better than to screw with him.

 

[THAT Gurl]

Lord -- the amount of money that man has is obscene. (And yes ... I'm a little jelly ... )

 

[Shadowrider]

The litigation will start soon. It’ll go both ways and he may end up owning it yet at fire sale pricing. Time will tell…

 

[Snattlerake]

Elon Musk ends his deal to buy Twitter, according to a letter sent by a lawyer on his behalf to the company’s chief legal officer Friday. In the letter, disclosed in a Securities and Exchange Commission filing, Skadden Arps attorney Mike Ringler charged that “Twitter has not complied with its contractual obligations.”



Ringler claimed that Twitter did not provide Musk with relevant business information he requested, as Ringler said the contract would require. Musk has previously said he wanted to assess Twitter’s claims that about 5% of its monetizable daily active users (mDAUs) are spam accounts.



“Twitter has failed or refused to provide this information,” Ringler claimed. “Sometimes Twitter has ignored Mr. Musk’s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information.”

Typical reaction from liberals in trouble. Slow walk the information slower than a snail's behind so the contract or statute of limitations in Killary's case, runs out.

 

[Rez Exelon]

Personally I don't think he ever wanted to buy it. I think he wanted a media storm which he got.

 

[HarryBear]

Hahahahahah!
Couldn't prove bot accountts existed!
Dumb Twitter.

 

[garytx]

First they fight the purchase, now they will sue him to buy the company. It's a joke. Less than 35% of the nation uses Twitter. Twitter admitted they close 1 million robot accounts daily.