this post was submitted on 12 Feb 2024
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I think he was trying to get out of Twitter and wanted to do a real life version of his Dogecoin pump and dumps. You know, talk a big game, hype up how the stock is gonna go to the moon after he brings his genius to bare on the company, then dump the stock and pull out of the deal. However, during the hype phase he managed to say some legally binding things and suddenly found himself forced to honor what he thought was going to be empty hype.
He did more than say legally binding things. He signed a contract. That had a clause in it to prevent him from backing out, because the management at Twitter fully expected him to try it. I think he had made several gestures at buying before to try and get some kind of influence over how it was being run, so they drew up the contract to make him put up or shut up.
Makes you wonder what the og twitters guys are doing now besides drinking mai tais on the beach
I'm also convinced the entire purchase was an accident but I think he was doing the usual far-right "try and shame people for standing up to nazis".
I honestly thought this was common knowledge.
Pretty sure that's illegal
That's his entire business model. Just look at starship, hyper loop, solar roofs and Tesla semi. Overblown Tesla stock bubble too. All complete vaporware, but he profits greatly from the hype alone. He belongs in prison as he is a classic conman.
As much as I personally dislike Musk, Starship does not belong on that list. It is the largest and most powerful space vehicle humanity has ever launched successfully and landed! It is re-usable and can potentially carry up to 100 people or 300,000 lbs of cargo.
Nothing like that has ever been done before, and the advancements in science that will follow humanities expansion into space cannot be overstated.
100 people are, like, 19,000 lbs. Why the weight difference between 100 people and just cargo? Because of life support systems?
1 ton per person for living quarters, supplies, etc. I'm not sure if life support is part of that, and also not sure how exactly they settled on 1 ton.
https://wikipedia.org/wiki/SpaceX_Starship
So is racking up debt in shell companies and claiming bankruptcy on them but it didn't stop Trump either.
When has that stopped billionaire dummasses?
People who control the organs of communication usually end up writing the laws, even if it's at arm's length.
It's worse than that. The usual way of buying a company is a memorandum of understanding followed by due diligence, followed by signing a contract and then the actual completion. Elon went straight to signing the contract and then had big old shit fit when the Twitter board held him to the terms of the contract and the penalties for pulling out.