SoylentNews is people
SoylentNews
Elon Musk admits he only bought Twitter because he thought he'd be forced to:
Elon Musk gave a rare interview to an actual reporter late on Tuesday, speaking to BBC reporter James Clayton on Twitter Spaces. During the interview, Clayton pressed Musk on whether his purchase of Twitter was, in the end, something he went through with willingly, or whether it was something he did because the active court case at the time in which Twitter was trying to force him to go through with the sale was going badly.
The answer (which we all suspected anyway) was that Musk did indeed only do the deal because he believed legally, he was going to be forced to do so anyway. Here's the relevant transcript from the Twitter Spaces audio:
Clayton: So then you change your mind again, and decided to buy it – did you do that? Did you do that?
Musk: Well, I kind of had to.
Clayton: Right. Did you do that, because you thought that a court would make you do that?
Musk: Yes.
Clayton: Right.
Musk: Yes, that is the reason.
Clayton: So you were still trying to get out of it. And then you just were advised by lawyers, "Look, you're going to buy this?"
Musk: Yes.
In case you don't recall (it was all the way back in September/October last year which is basically an eternity ago in current Twitter time), Twitter took Musk to trial to force him to honor his signed obligation to acquire the company for the agreed-upon price of $44 billion, or $54.20 per share. Musk was contending that his obligation was void because Twitter had, he claimed, inflated its real user numbers and understated the number of bots on the platform.
Musk then notified the SEC that he intended to buy the company after all at the price he originally set with the company, a move most agreed at the time was made because his legal case was weak and the trial was clearly not going his way.
(Score: 5, Insightful) by RedGreen on Friday April 14, @09:32PM (1 child)
HAHAHAHAHA, christ I am going to bust a gut here. Hell of an expensive way to impress your Nazi buddies. Sorry about his luck for being "forced" to honor a legally signed binding contract. His genius knows no bounds, wait until his other house of cards comes crumbling down. Five price reductions in a year to try and inflate some sales, the bloom is off the car scam rose now too. Fucking corporate welfare bum. Now he tries to get in on the homeless scam subsides in his despised city of San Francisco as well. At least I would think this is why he wants to house some homeless at the headquarters another government tit to suck on he is so good at doing. It is certainly not from the kindness of his heart, which his actions have proved time and again he has no compassion for people or their problems. He goes out of his way to make sure people are having problems in their life because of his actions with that garbage he spreads and supports.
"I modded down, down, down, and the flames went higher." -- Sven Olsen
(Score: 0) by Anonymous Coward on Saturday April 15, @12:32AM
Keep watching for more chortles as he drives the value to $0.