Let’s fucking go lads!
Oh. This one still has hope.
Knowing the sec, Elon will pay a small amount and not admit fault.
If there’s still an SEC in a few days. It might not fit his budget
There will. It’s there to pretend to enforce, and give plausible deniability. Also a slap on the wrist, and tiny fines.
100M is what I saw floating around.
Aka peanuts for him.
Didn’t the deal close in 2022?
Yes, and this lawsuit follows a whole series of other actions by the SEC. It may seem like a long time, but due process was followed.
My own post:
Next time you want to bitch about everything Trump taking legal years:
My case is about 5 years old now, I have been going through the legal process the whole time I’ve been working on this. I have finally been found guilty and sentenced, and I’m going away next month.
It took me a second to figure out what you were referring to, but yeah, that’s a case in point.
Hey cool, one more excuse to see a rich person get away with everything
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
