• Elon Musk says he is terminating $44bn Twitter deal

    From a a@21:1/5 to All on Fri Jul 8 15:54:33 2022
    Elon Musk says he is terminating $44bn Twitter deal Musk’s lawyers say Twitter failed or refused to respond to multiple requests for information on fake or spam accounts. The Twitter board unanimously agreed to sell the social media platform to Tesla
    CEO Elon Musk in April [File: Mike Blake/Reuters]

    Elon Musk says he is terminating $44bn Twitter deal

    www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twitter-deal

    www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twitt…



    Will Twitter Sue Elon Musk to complete the merger?
    Will Twitter hold Elon Musk to his original terms?
    What happened to Twitter and Tesla on Friday?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From a a@21:1/5 to a a on Fri Jul 8 15:58:51 2022
    On Saturday, 9 July 2022 at 00:54:36 UTC+2, a a wrote:
    Elon Musk says he is terminating $44bn Twitter deal Musk’s lawyers say Twitter failed or refused to respond to multiple requests for information on fake or spam accounts. The Twitter board unanimously agreed to sell the social media platform to Tesla
    CEO Elon Musk in April [File: Mike Blake/Reuters]

    Elon Musk says he is terminating $44bn Twitter deal

    www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twitter-deal

    www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twitt…



    Will Twitter Sue Elon Musk to complete the merger?
    Will Twitter hold Elon Musk to his original terms?
    What happened to Twitter and Tesla on Friday?












    Elon Musk Withdraws Bid for Twitter. Get Ready for a Court Battle.
    Last Updated: July 8, 2022 at 6:47 p.m. ET
    First Published: July 8, 2022 at 6:06 p.m. ET
    By Ben Levisohn and
    Eric J. Savitz
    comments

    Referenced Symbols

    TWTR
    -5.10%
    TSLA
    +2.54%

    Tesla CEO Elon Musk. Patrick Pleul/POOL/AFP via Getty Images

    Twitter stock was falling Friday night after Elon Musk said he is terminating his deal to buy the social media company, saying that the company breached the terms of the agreement by refusing to provide detailed information about fake accounts on the
    site.

    In a Friday filing that came after the stock market had closed, Musk reported that a letter had been sent to Twitter (ticker: TWTR) terminating the merger agreement. In the text of the letter, Musk said that Twitter had “not complied with its
    contractual obligation,” and that he was therefore ending the deal.

    The original deal required a $1 billion breakup fee, but it remains to be seen whether Musk will fight paying it. Twitter said shortly after the news emerged that it will fight to enforce the merger agreement.
    See Also

    Tesla Stock Stands to Gain if Musk Succeeds in Ending Twitter Deal
    Musk Could Save $400 Million in Taxes by Walking Away
    At Twitter’s Staff Meeting, Musk Downplayed Layoffs and Pushed Free Speech for Users
    Opinion: The Ancient Origins of Twitter’s Power

    The letter to Twitter, signed by Skadden, Arps, Slate Meagher & Flom attorney Mike Ringler, Musk’s outside counsel for the deal, focused specifically on Musk’s longstanding assertion that Twitter has a larger number of “false or spam accounts.”

    In the letter, Ringler said that for nearly two months, Musk has been seeking data to make an independent assessment of the prevalence of spam accounts on the platform, information “fundamental to Twitter’s business and financial performance.” And
    he alleged that “Twitter has failed or refused to provide this information. 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.”

    The letter goes on to claim that Twitter’s SEC filings contain false information on the same issue. “Mr. Musk has reason to believe that the true number of false or spam accounts on Twitter’s platform is substantially higher than the amount of less
    than 5% represented by Twitter in its SEC filings,” he wrote.

    The letter doesn’t address the question of the $1 billion breakup fee in the original merger agreement.

    Twitter intends to force Musk to proceed with the deal. “The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement,” Twitter Chairman
    Bret Taylor said in a tweet. “We are confident we will prevail in the Delaware Court of Chancery.”

    Wedbush analyst Dan Ives said in a research note Friday afternoon that Musk’s move is a “disaster scenario for Twitter,” which will now face “an elongated court battle” to either restore the deal or get paid the breakup fee. He predicted that
    Twitter stock is likely to drop to the $25 to $30 range when it opens for trading on Monday.

    Twitter stock was down 6.25% at $34.53 in after-hours trading Friday, while Tesla stock, which was used to back a loan for Musk’s purchase, was up 1.4%.

    Write to Ben Levisohn at ben.levisohn@barrons.com and Eric J. Savitz at eric.savitz@barrons.com
    Advertisement
    Most Popular
    Read full story
    Digital World stock surges after Elon Musk terminates Twitter purchase
    Read full story
    Elon Musk terminates deal to buy Twitter, and Twitter’s chairman promises a legal fight
    Read full story
    Tesla stock heads higher in after hours after Musk ends Twitter deal
    Read full story
    3 sectors to watch that are favored by high-net-worth investors

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  • From Edward Hernandez@21:1/5 to All on Sat Jul 9 02:56:31 2022
    XPost: free.spam

    In message-id <t6nt3e$7bp$3@dont-email.me> (http://al.howardknight.net/?ID=165357273000) posted Thu, 26 May 2022
    12:50:54 -0000 (UTC) John Doe stated:

    Always Wrong, the utterly foulmouthed group idiot, adding absolutely
    NOTHING but insults to this thread, as usual...

    Yet, since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Doe's post ratio to
    USENET (**) has been 69.1% of its posts contributing "nothing except
    insults" to USENET.

    ** Since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Doe has posted at
    least 2752 articles to USENET. Of which 176 have been pure insults and
    1725 have been John Doe "troll format" postings.

    The John Doe troll stated the following in message-id <sdhn7c$pkp$4@dont-email.me>:

    The troll doesn't even know how to format a USENET post...

    And the John Doe troll stated the following in message-id <sg3kr7$qt5$1@dont-email.me>:

    The reason Bozo cannot figure out how to get Google to keep from
    breaking its lines in inappropriate places is because Bozo is
    CLUELESS...

    And yet, the clueless John Doe troll has continued to post incorrectly formatted USENET articles that are devoid of content (latest example on
    Sat, 09 Jul 2022 02:44:32 GMT in message-id <kY5yK.415766$cEE9.306211@usenetxs.com>).

    NOBODY likes the John Doe troll's contentless spam.

    This posting is a public service announcement for any google groups
    readers who happen by to point out that Troll Doe does not even follow
    the rules it uses to troll other posters.

    3WwRas5sd73C

    --- SoupGate-Win32 v1.05
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  • From Edward Hernandez@21:1/5 to All on Sat Jul 9 02:56:23 2022
    XPost: free.spam

    In message-id <t6nt3e$7bp$3@dont-email.me> (http://al.howardknight.net/?ID=165357273000) posted Thu, 26 May 2022
    12:50:54 -0000 (UTC) John Doe stated:

    Always Wrong, the utterly foulmouthed group idiot, adding absolutely
    NOTHING but insults to this thread, as usual...

    Yet, since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Doe's post ratio to
    USENET (**) has been 69.1% of its posts contributing "nothing except
    insults" to USENET.

    ** Since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Doe has posted at
    least 2752 articles to USENET. Of which 176 have been pure insults and
    1725 have been John Doe "troll format" postings.

    The Troll Doe stated the following in message-id
    <sdhn7c$pkp$4@dont-email.me>:

    The troll doesn't even know how to format a USENET post...

    And the Troll Doe stated the following in message-id <sg3kr7$qt5$1@dont-email.me>:

    The reason Bozo cannot figure out how to get Google to keep from
    breaking its lines in inappropriate places is because Bozo is
    CLUELESS...

    And yet, the clueless Troll Doe has continued to post incorrectly
    formatted USENET articles that are devoid of content (latest example on
    Sat, 09 Jul 2022 02:45:14 GMT in message-id <_Y5yK.390543$Aqw9.115341@usenetxs.com>).

    NOBODY likes the John Doe troll's contentless spam.

    This posting is a public service announcement for any google groups
    readers who happen by to point out that Troll Doe does not even follow
    the rules it uses to troll other posters.

    mLkmHSv1DRuy

    --- SoupGate-Win32 v1.05
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  • From John Doe@21:1/5 to a a on Sat Jul 9 02:44:32 2022
    XPost: free.spam

    Google Groups idiot...

    --
    a a <manta103g@gmail.com> wrote:

    X-Received: by 2002:ac8:4e46:0:b0:31e:a9f3:f246 with SMTP id e6-20020ac84e46000000b0031ea9f3f246mr1900460qtw.635.1657320874240;
    Fri, 08 Jul 2022 15:54:34 -0700 (PDT)
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    Jul 2022 15:54:33 -0700 (PDT)
    Path: not-for-mail
    Newsgroups: sci.electronics.design
    Date: Fri, 8 Jul 2022 15:54:33 -0700 (PDT)
    Injection-Info: google-groups.googlegroups.com; posting-host=46.134.13.100; posting-account=XS5sXwoAAABKU0kHcsk_nashWaidAu0Q
    NNTP-Posting-Host: 46.134.13.100
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    Subject: Elon Musk says he is terminating $44bn Twitter deal
    From: a a <manta103g@gmail.com>
    Injection-Date: Fri, 08 Jul 2022 22:54:34 +0000
    Content-Type: text/plain; charset="UTF-8"
    Content-Transfer-Encoding: quoted-printable
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    Elon Musk says he is terminating $44bn Twitter deal Musk=E2=80=99s lawyers = say Twitter failed or refused to respond to multiple requests for informati= on on fake or spam accounts. The Twitter board unanimously agreed to sell t= he social media platform to Tesla CEO Elon Musk in April [File: Mike Blake/= Reuters]

    Elon Musk says he is terminating $44bn Twitter deal

    www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twitt= er-deal

    www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twitt= =E2=80=A6



    Will Twitter Sue Elon Musk to complete the merger?
    Will Twitter hold Elon Musk to his original terms?
    What happened to Twitter and Tesla on Friday?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From John Doe@21:1/5 to a a on Sat Jul 9 02:45:14 2022
    XPost: free.spam

    Google Groups spam...

    --
    a a <manta103g@gmail.com> wrote:

    X-Received: by 2002:a05:620a:1517:b0:6b5:7180:9313 with SMTP id i23-20020a05620a151700b006b571809313mr394688qkk.717.1657321131509;
    Fri, 08 Jul 2022 15:58:51 -0700 (PDT)
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    Subject: Re: Elon Musk says he is terminating $44bn Twitter deal
    From: a a <manta103g@gmail.com>
    Injection-Date: Fri, 08 Jul 2022 22:58:51 +0000
    Content-Type: text/plain; charset="UTF-8"
    Content-Transfer-Encoding: quoted-printable
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    On Saturday, 9 July 2022 at 00:54:36 UTC+2, a a wrote:
    Elon Musk says he is terminating $44bn Twitter deal Musk=E2=80=99s lawyer=
    s say Twitter failed or refused to respond to multiple requests for informa= tion on fake or spam accounts. The Twitter board unanimously agreed to sell=
    the social media platform to Tesla CEO Elon Musk in April [File: Mike Blak= e/Reuters]=20
    =20
    Elon Musk says he is terminating $44bn Twitter deal=20
    =20
    www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twi=
    tter-deal=20
    =20
    www.aljazeera.com/news/2022/7/8/elon-musk-says-he-is-terminating-44bn-twi=
    tt=E2=80=A6=20
    =20
    =20
    =20
    Will Twitter Sue Elon Musk to complete the merger?=20
    Will Twitter hold Elon Musk to his original terms?=20
    What happened to Twitter and Tesla on Friday?

    =20
    =20
    =20

    =20

    =20

    =20

    =20
    Elon Musk Withdraws Bid for Twitter. Get Ready for a Court Battle.
    Last Updated: July 8, 2022 at 6:47 p.m. ET
    First Published: July 8, 2022 at 6:06 p.m. ET
    By Ben Levisohn and
    Eric J. Savitz
    comments

    Referenced Symbols

    TWTR
    -5.10%
    TSLA
    +2.54%

    Tesla CEO Elon Musk. Patrick Pleul/POOL/AFP via Getty Images

    Twitter stock was falling Friday night after Elon Musk said he is terminati= ng his deal to buy the social media company, saying that the company breach= ed the terms of the agreement by refusing to provide detailed information a= bout fake accounts on the site.

    In a Friday filing that came after the stock market had closed, Musk report= ed that a letter had been sent to Twitter (ticker: TWTR) terminating the me= rger agreement. In the text of the letter, Musk said that Twitter had =E2= =80=9Cnot complied with its contractual obligation,=E2=80=9D and that he wa= s therefore ending the deal.

    The original deal required a $1 billion breakup fee, but it remains to be s= een whether Musk will fight paying it. Twitter said shortly after the news = emerged that it will fight to enforce the merger agreement.
    See Also

    Tesla Stock Stands to Gain if Musk Succeeds in Ending Twitter Deal
    Musk Could Save $400 Million in Taxes by Walking Away=20
    At Twitter=E2=80=99s Staff Meeting, Musk Downplayed Layoffs and Pushed = Free Speech for Users
    Opinion: The Ancient Origins of Twitter=E2=80=99s Power

    The letter to Twitter, signed by Skadden, Arps, Slate Meagher & Flom attorn= ey Mike Ringler, Musk=E2=80=99s outside counsel for the deal, focused speci= fically on Musk=E2=80=99s longstanding assertion that Twitter has a larger = number of =E2=80=9Cfalse or spam accounts.=E2=80=9D

    In the letter, Ringler said that for nearly two months, Musk has been seeki= ng data to make an independent assessment of the prevalence of spam account= s on the platform, information =E2=80=9Cfundamental to Twitter=E2=80=99s bu= siness and financial performance.=E2=80=9D And he alleged that =E2=80=9CTwi= tter has failed or refused to provide this information. Sometimes Twitter h= as ignored Mr. Musk=E2=80=99s requests, sometimes it has rejected them for = reasons that appear to be unjustified, and sometimes it has claimed to comp= ly while giving Mr. Musk incomplete or unusable information.=E2=80=9D

    The letter goes on to claim that Twitter=E2=80=99s SEC filings contain fals= e information on the same issue. =E2=80=9CMr. Musk has reason to believe th= at the true number of false or spam accounts on Twitter=E2=80=99s platform = is substantially higher than the amount of less than 5% represented by Twit= ter in its SEC filings,=E2=80=9D he wrote.

    The letter doesn=E2=80=99t address the question of the $1 billion breakup f= ee in the original merger agreement.

    Twitter intends to force Musk to proceed with the deal. =E2=80=9CThe Twitte= r Board is committed to closing the transaction on the price and terms agre= ed upon with Mr. Musk and plans to pursue legal action to enforce the merge= r agreement,=E2=80=9D Twitter Chairman Bret Taylor said in a tweet. =E2=80= =9CWe are confident we will prevail in the Delaware Court of Chancery.=E2= =80=9D

    Wedbush analyst Dan Ives said in a research note Friday afternoon that Musk= =E2=80=99s move is a =E2=80=9Cdisaster scenario for Twitter,=E2=80=9D which=
    will now face =E2=80=9Can elongated court battle=E2=80=9D to either restor= e the deal or get paid the breakup fee. He predicted that Twitter stock is = likely to drop to the $25 to $30 range when it opens for trading on Monday.

    Twitter stock was down 6.25% at $34.53 in after-hours trading Friday, while=
    Tesla stock, which was used to back a loan for Musk=E2=80=99s purchase, wa= s up 1.4%.

    Write to Ben Levisohn at ben.levisohn@barrons.com and Eric J. Savitz at eri= c.savitz@barrons.com
    Advertisement
    Most Popular
    Read full story
    Digital World stock surges after Elon Musk terminates Twitter purchase
    Read full story
    Elon Musk terminates deal to buy Twitter, and Twitter=E2=80=99s chairman pr= omises a legal fight
    Read full story
    Tesla stock heads higher in after hours after Musk ends Twitter deal
    Read full story
    3 sectors to watch that are favored by high-net-worth investors

    --- SoupGate-Win32 v1.05
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  • From Edward Hernandez@21:1/5 to All on Sat Jul 9 05:56:52 2022
    XPost: free.spam, free.spam

    In message-id <t6nt3e$7bp$3@dont-email.me> (http://al.howardknight.net/?ID=165357273000) posted Thu, 26 May 2022
    12:50:54 -0000 (UTC) John Dope stated:

    Always Wrong, the utterly foulmouthed group idiot, adding absolutely
    NOTHING but insults to this thread, as usual...

    Yet, since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Dope's post ratio
    to USENET (**) has been 69.3% of its posts contributing "nothing except insults" to USENET.

    ** Since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Dope has posted at
    least 2771 articles to USENET. Of which 176 have been pure insults and
    1744 have been John Dope "troll format" postings.

    The Troll Doe stated the following in message-id
    <sdhn7c$pkp$4@dont-email.me>:

    The troll doesn't even know how to format a USENET post...

    And the Troll Doe stated the following in message-id <sg3kr7$qt5$1@dont-email.me>:

    The reason Bozo cannot figure out how to get Google to keep from
    breaking its lines in inappropriate places is because Bozo is
    CLUELESS...

    And yet, the clueless Troll Doe has itself posted yet another
    incorrectly formatted USENET posting on Sat, 9 Jul 2022 05:56:19 -0000
    (UTC) in message-id <tab5a2$vh0l$13@dont-email.me>.

    17y0e2A6qACO

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From a a@21:1/5 to Edward Hernandez on Sat Jul 9 06:11:11 2022
    On Saturday, 9 July 2022 at 07:56:58 UTC+2, Edward Hernandez wrote:
    In message-id <t6nt3e$7bp$3...@dont-email.me> (http://al.howardknight.net/?ID=165357273000) posted Thu, 26 May 2022 12:50:54 -0000 (UTC) John Dope stated:

    Always Wrong, the utterly foulmouthed group idiot, adding absolutely NOTHING but insults to this thread, as usual...

    Yet, since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Dope's post ratio
    to USENET (**) has been 69.3% of its posts contributing "nothing except insults" to USENET.

    ** Since Wed, 5 Jan 2022 04:10:38 -0000 (UTC) John Dope has posted at
    least 2771 articles to USENET. Of which 176 have been pure insults and
    1744 have been John Dope "troll format" postings.
    The Troll Doe stated the following in message-id <sdhn7c$pkp$4...@dont-email.me>:

    The troll doesn't even know how to format a USENET post...
    And the Troll Doe stated the following in message-id <sg3kr7$qt5$1...@dont-email.me>:

    The reason Bozo cannot figure out how to get Google to keep from
    breaking its lines in inappropriate places is because Bozo is
    CLUELESS...
    And yet, the clueless Troll Doe has itself posted yet another
    incorrectly formatted USENET posting on Sat, 9 Jul 2022 05:56:19 -0000
    (UTC) in message-id <tab5a2$vh0l$1...@dont-email.me>.


    John Doe
    Google Groups idiot...
    unread,
    04:44 (10 hours ago)

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)