The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site.
I’m not a musk defender, but I kinda don’t see musk in the wrong on this. He didn’t even want to buy it. He said it publically as a joke, then got roped into being obligated to buy. All of this was very public. It’ll be hard to argue that it wasn’t known he had bought it.
He wasn’t joking. He signed a binding agreement offering to buy it, and even waived due diligence clause that could have given him an out. It was only after he release it wasn’t worth nearly what he stupidly offered that he wanted to back out, but by then was legally committed.
You don’t sign official offer documents worth $44 billion as “just a joke”. Stop defending his stupidity
Sorry, but if you’re capable of signing a $44 billion contract and the other party has a reasonable expectation that you’ll be able to produce that $44 billion, you’re capable of doing the same steps as someone who wasn’t “joking”. There is no “lol jk” exceptions in contracts.
And honestly, with everything he’s doing now with Xitter and influencing public policy, I believe he knew exactly what he was doing and the “joke” and “uh oh I didn’t mean it!” was part of that
I’m not a musk defender, but I kinda don’t see musk in the wrong on this. He didn’t even want to buy it. He said it publically as a joke, then got roped into being obligated to buy. All of this was very public. It’ll be hard to argue that it wasn’t known he had bought it.
If by roped in you mean signed a contract? Not a musk defender indeed
Usually, you have to tell the SEC first. Before going public. So I’m pretty sure you’ve got things, like, 100% backwards here, buddy.
He wasn’t joking. He signed a binding agreement offering to buy it, and even waived due diligence clause that could have given him an out. It was only after he release it wasn’t worth nearly what he stupidly offered that he wanted to back out, but by then was legally committed.
You don’t sign official offer documents worth $44 billion as “just a joke”. Stop defending his stupidity
You just said all the things I said, except you’re using an arguementitive tone.
Yeah, he signed a 44 billion dollar deal as a joke, then he tried to get out of it when he said he didn’t mean it.
Then he got fined another 2 million dollars for sending the judges his dick pics after the judges wouldn’t let him back out.
Then after the sale went through, he did that photo op where he brought a kitchen sink and a toilet to the twitter building.
How is stating what happened defending him? Everybody including SEC saw all of this happen in real time.
Sorry, but if you’re capable of signing a $44 billion contract and the other party has a reasonable expectation that you’ll be able to produce that $44 billion, you’re capable of doing the same steps as someone who wasn’t “joking”. There is no “lol jk” exceptions in contracts.
And honestly, with everything he’s doing now with Xitter and influencing public policy, I believe he knew exactly what he was doing and the “joke” and “uh oh I didn’t mean it!” was part of that