Elon Musk Pulls Out

[@LegalEagle]

⚖️ Do you think Elon will be forced to buy Twitter? ☕️ You'll get more/better Elon news from Morning Brew! legaleagle.link/morningbrew

[@kinositajona]

Prolly won't be forced to buy Twitter. He'll pay a fine or not. I doubt he'll buy it.

[@osmosisjones4912]

If a body can't handle a pregnancy it goes into early delivery . The earliest baby kept alive was 19 weeks

[@rajabuta]

Depends.

[@ryanedwards7487]

HAHAH....Before I started the video I saw the title and thought: This man has more children with more different women than one would think possible...I'm not sure he's ever "pulled out" of anything ever, until now.

[@eldenringer6466]

Great work...as always ! thanks Devin.

[@PepeCaseres]

Man as a transactional lawyer myself I couldn’t think of a good way to explain MAE clauses in KZbin. You are doing an amazing job 👍🏼

[@erich1380]

I'm jealous that's a hell of a career

[@krislove1167]

The most interesting thing I took out of this video was that it was called MAE across the pond! We have MAC (Material Adverse Change) clauses here instead.

[@cjanerhun8692]

I don't think he is accurate about the due diligence statement.... What is your opinion or position on this? Curious

[@cjanerhun8692]

@John Smith fill me in will you

[@MrEinfachso123]

I feel like he doesn't know much about M&A as he's not a transactional lawyer..

[@johnpotts8308]

"The Delaware courts are fast! This could get dealt with in months!" I love the way "fast" legally is still measured in weeks at best.

[@iglidor]

Well would you rather be in front of judge who would sentence you in matter of days? As in the oposite party will make motion and now you have 24 hours to notice that they made that notion, research that motion, research apropriate precedents that would support your response, then write your response and send it back?

[@andrewcady8827]

@@iglidor Most convicted defendants are sentenced immediately and without a trial (plea bargained), after around five court appearances totaling less than an hour of any judge's attention. But those five court appearances will still be spread over a couple months.

[@iglidor]

@@andrewcady8827 Are you talking about trafic ticket courts? Because yeah, those go down fast. Or are you talking about cases about violent acts (assault, murder etc.) where there is not absolute crapton of evidence (like multiple camera recordings, witnesses, fingerprints etc.), neither confession from defendant? Because those would suprise me if they were this quick. I can totaly see that if there is absolutely huge ammount of extremely convincing evidence and/or defendant confessed that things may go way quicker.

[@robertmoore6149]

"Average elapsed time from date of arrest to date of felony conviction was about 6 months (182 days). Jury cases took the longest time (over 9 months). Guilty plea cases took just under 6 months and bench trials took about 6 months." -Bureau of Justice Statistics

[@andrewcady8827]

@@iglidor I'm talking about criminal cases overall. The VAST majority of which are misdemeanors. More serious charges do take longer, and are slightly less likely to be settled by plea agreement, but even >95% of felonies are settled by plea.

[@CokeCheese]

Musk actually pulled out of something for once.

[@TheAnneGwish]

Unlike his dad 🤢

[@Hot-Dog-Racing]

Congratulations! You are the one millionth person to make this joke. Here’s your prize 🎁

[@SgAltima]

Damnit. I came here to say this.

[@robertorobato1748]

You beat me to it LOL 😂

[@KRDD-KMHR]

@@Hot-Dog-Racing ironically, you gotta be the billionth person to state that sentence.

[@brickowls7886]

I love hearing about this because I've never heard of a company being like "we are sueing you to buy us"

[@Shivian124]

When someone offers an insanely over priced per share you bet your ass you would try to enforce it. "Here's a signed contract saying I offer you $100 for that hotdog"... pay up buddy here have the hotdog...

[@dannyed42]

I do M&A for a living and the fact the he signed a Purchase agreement without doing effective Due diligence shows musk was trying to do this as a flex rather then actually having a true interest in twitter.

[@blackeyedsusan727]

Lawyer here too, and it blows my mind that his lawyers allowed him so sign anything without DD. This just shows what a tool he is.

[@dannyed42]

@Contact to a certain extent. Say even if it was 10%. That’s not complete misrepresentation. Twitter has reported that 5% of it user are bots since 2013. However Twitter has grown substantially since that year which in reason that number could still be accurate. Also the purpose of Due Diligence is to verify such data. Before any M&A team goes into a PA agreement there is a Data Dump. See what people fail to realize that it is a multi step process. There is often a LOI or IOI put in place before moving to the diligence process. This is non Legally binding however it basically is a document that has offer Price, terms of the agreement, and basically a summery to of the potential PA. So the agreement then starts the Diligence process that is normally around 90 days. In these 90 Days twitter is responsible for releasing any documents Elon may request. Elon asked for all information on there users. It is then his responsibility to Verify such users or data accounts. See the seller is only responsible to give you documentation you request. But here is where Elon is at fault. The Purchase agreement is a legally binding contract. Elon signed it which means he agreed with the terms of it plus agreed all the documents provided were sufficient. Also his lawyers also agreed since it goes to the lawyers first for review or in adjustments that need to be made to it. Elon has not said what the % of bots are which means he doesn’t know. He said 90% which would be completely inaccurate but he is trying to drive the court of public opinion. In my opinion the real reason he is backing out is because the valuation is too high and this will have a larger impact on Tesla. Elon never truly wanted to own twitter. But now he is almost forced to.

[@bane2201]

@Contact Did you even watch the video?

[@cjr1881]

@Contact wrong! Don't make false statements.

[@Revan058]

@Contact You have absolutely no idea what you're blathering about.

[@john_blues]

Can Elon get out of the deal? Can Musk pay $1billion dollars to cancel the contract? Can a judge force Musk to go through with this multi-billion dollar deal? If I've learned one thing from LegalEagle, it's that the answer to those questions is....it depends.

[@Ratman1029]

As a law school graduate, I can promise you that is the only answer to any question you are ever asked by a law professor.

[@aaronflanary271]

Welcome to the American legal system.

[@bslprints9935]

Hahaha I laughed out loud

[@Liriq]

You may also be interested in another channel for that kind of wisdom.....

[@GreatAffinityProductions]

Maybe

[@otmanh]

The corporate world should rejoice with this outcome. Imagine being so rich you can just fake a hostile takeover of your competition just to have a peak at their books. No one should be glad this was even tried.

[@greatninja2590]

Its just his strategy to get extra cash. Remember when he said tesla will start using bitcoin after buying bitcoin stocks and that increased bitcoin stocks and when they sold their bitcoin stocks they backtracked and they cancelled the idea of bitcoin to be used in tesla. This isn't his first time and I doubt this will be his last time to do a bit of trolling called market manipulation.

[@ErickP3768]

Imagine having your brain so rotted that you actually cheer for corporations to have more power. Also twitter board might just try to lower the price of the deal. Let’s just wait and see how the case goes.

[@sgsggsgsshshs8900]

@@ErickP3768 so tesla is not a corporation? Ah elon fans eh? Ffs, for years elon can't even stay true to his words. Look wheres the outer world settlements? Lmao

[@ArchibaldClumpy]

@@ErickP3768 Lol and Tesla isn't a corporation? Musk isn't a billionaire pulling strings for his own benefit?

[@jsprowse]

How is Twitter competition to Tesla?

[@tim..indeed]

Being a lawyer for Musk must be a nightmare.

[@thefez-cat]

Lots of billable hours, though.

[@BaxsStudios]

No its a gold mine

[@InitialFailure]

Yea it'd be nice to hear a professional's view but alas, Legaleagle only defends from the perspective of the left in these hypotheticals.

[@henryviiifake8244]

The silver lining: You're securing that bag 💰

[@henryviiifake8244]

@@InitialFailure?

[@eas2252]

As a former pest control technician, 5% termites is NEVER acceptable. He is simply manipulating the market.

[@NerdSnipingBatman]

I bought a newly built townhouse in Seattle. Do I have to worry about termites yet? If so what should I do as a homeowner? Do most homes get built nowadays with a barrier for that?

[@eas2252]

@@NerdSnipingBatman in western Washington carpenter ants are a bigger issue. Big black or sometimes red and black ants. They're everywhere up here. Did you get an inspection?

[@NerdSnipingBatman]

@@eas2252 yes I did get an inspection. Nothing was noted of insects or anything.

[@External2737]

It is an analogy common people get. Then again, 5% termites is horrible.

[@cameronbreeze4029]

@@NerdSnipingBatman Then probably listen to your inspectors, randos on the internet (experts or not) have likely never seen your property XD

[@lich109]

My favourite bit is twitter saying that he never read the contract, and then Musk replied with the poop emoji when Twitter claimed it was an example of disparaging behaviour, before he confirmed himself it WAS disparaging behaviour. It's almost like he's trying to lose.

[@LeRoiEnJaune]

Right? It's like the question of MAE: a normal person would at least have a leg to stand on for creating SOME kind of argument in their favor. A normal person. Then again, a normal person doesn't explicitly, repeatedly state their inventions and strategy in a public forum, double-down on them, flex monetarily in the acquisition, belittle the target of the acquisition, and antagonize them while they're making a good-faith attempt at resolving your grievances, before ultimately appearing in court. Remember back when the cliché, rich guy line was 'talk to my lawyers?' Turns out, there was a reason.

[@sdgc8667]

It's how typical narcissists operate. Anything not their will is just a big joke, the only importance is pushing your will onto others not the other way around.

[@thomasbecker9676]

He's out of his gourd.

[@tomwilson2112]

He never wanted Twitter. He just likes being in the news and seen as a champion of [cause of the week]

[@abigails4088]

@@tomwilson2112 I think he DID want Twitter... When he thought he could inflate the value by bringing back all the folks that went to TRUTH SOCIAL (including Donald, remember that was his big SHTICK "I'm buying Twitter, and Donald, consider this your invitation back to the platform" ...?) but if I'm not mistaken, Donald spurned the invitation right? Good explanation for why Elon changed his mind...he watched his projected recoup just flutter away.

[@Enigmanaut]

Devon, I'd love to hear more of your opinion on how much stress someone like Musk, who won't stop making public statements, puts on his lawyers.

[@Keithustus]

He’s the best kind of client: rich, fun, and always in trouble

[@shariwelch8760]

@@Keithustus The "fun" part is debatable.

[@auliamate]

@@Keithustus more like rich, annoying, and always in trouble

[@Keithustus]

@@auliamate It’s a film quote.

[@MashZ]

Its not a stress. Rich troublesome clients are the best cuz the lawyers can make banks dealing with the stuff. If it gets overwhelming, charge him more and hire more lawyers into your firm to deal with the legal issues.

[@renwhit100]

rewatching this after seeing the royal shitshow he's turned twitter into is really something else

[@sarahs7669]

Love that he tried to get out of it bc of them firing people. Like. Apparently he was mad that he didn’t get to 😂

[@elcisitiak172]

agreed, this is surreal lol

[@Ross516]

Seeing this marked as "1 yr ago" and seeing how far it's exploded since really did make this age like a fine wine

[@Patryc]

wild how he went from 4 - 5 times, to 10 times to 18 times the "bots" in a matter of 15 seconds. master of doublespeak

[@GerryRR]

There are exactly as many bots as it will take for Elon to get out of the deal without paying lol - in his mind, anyway.

[@Jamietheroadrunner]

Master of doublespeak, meaning he’ll be the republican nominee for president in 2024

[@thatguybrody4819]

@@Jamietheroadrunner try the opposite. republicans don't doublespeak, they do nothing. they basically just say 'slow down' and are terrible at getting anything they want done with few exceptions. not to mention the rinos they have, like mitch mcconnell, that should have been out of power long ago. democrats are the doublespeak people. both parties just suck.

[@IBeforeAExceptAfterK]

@@Jamietheroadrunner Thankfully he legally can't run for president since he's not a natural-born US citizen.

[@GrimReader]

Wild that he thinks any percentage of termites is okay

[@jakepullman4914]

Imagine paying a billion dollars and walking away from your mistake being the BEST case scenario.

[@egezort]

The data he got is probably more valuable than the 1 billion

[@chedisLoL]

@@egezort no. It’s likely a big play to get the 8 billion dollars of Tesla stock out of the market without tanking Tesla price. When you say you’re using it to pay for another company they’ll be okay with it or even buy more of the stock. Even if it fell through Tesla wouldn’t be hit that hard. Musk gets to pay 1 billion dollar fee and keep the 7 billion dollars.

[@b.c.9358]

Imagine having that much money to waste

[@RemziCavdar]

Seems like the lawyers at Twitter thought about anything lol 😂

[@loturzelrestaurant]

Best Elon-Coverage (-Roasts) ever, if you happen to be interested: Some More News and Adam-Something.

[@taytortwat]

I love how LegalEagle tackles these stories quickly, but also puts the time and research in to not be a clickbait, but rather a comprehensive look into a hot topic.

[@zachstimson9912]

And he puts a zinger against elon in the title, perfection

[@reshirman]

tho this video is clickbait because it says elon musks pulls out and we all know that is a lie

[@CollinMcLean]

@@reshirman Maybe he does... he's just not very good at it... People who use the pull out method do tend to be colossal morons...

[@dairymold]

Exactly, I've always viewed these videos as a way to learn about a legal concept using a real-life example from current events.

[@kikomagana1990]

@@reshirman hope Elon sees this bro

[@Necroskull388]

You know the funniest thing about this? Even though no outcome of this will make things better for the working class, Musk paying tens of billions of dollars to buy Twitter from the millionaires that currently own it would STILL technically be an unprecedented downward transfer of wealth.

[@johnnymellon7414]

The three biggest owners of Twitter stock (aside from Musk) are Blackrock, Vanguard and Morgan Stanley. Not exactly your run of the mill millionaires...

[@pdorism]

@@johnnymellon7414 they are not really owners, they hold that stock on behalf of their customers. It's different from holding companies like Berkshire Hathaway that own the stock outright.

[@Aashishkebab]

he's buying stock, not paying the "owners". Twitter is a publicly traded company.

[@vizender]

@@Aashishkebab yes but that stock is bought from the people owning the most stocks

[@johnalbert2102]

Twitter is a publicly traded company. It is not owned by millionaires. How do you reckon the world's richest man buying a company could possibly be construed as a downward transfer of wealth?

[@jamesturner2126]

Elon Musk disciplined employees for criticizing him. Elon Musk intentionally does stupid stuff to get people to criticize him, that's entrapment.

[@jasemittelstadt3626]

Straight

[@jgamez106]

I heard he did it so he could sell Tesla stock without people going into a panic thinking he’s selling stocks cause the company is going under but idk I’m too small brain

[@nikolaibellefeuille4172]

Don’t forget about the time when customers hurt his sensitive little feelings and he outright cancels their orders. And when lied about donating money to the UN to fight against world hunger. Or when he hacked the cell phone of a former employee all because he criticized Elon/Tesla. I don’t get how so many people blindly worship this guy, not even his kids like him. His oldest child changed their name and distanced themself from Musk the day they turned 18.

[@anguswiebe]

its really not tho dude

[@jamesturner2126]

@@anguswiebe Elon Musk said Ukraine should surrender to Russia. 99% of the World would criticize that. THAT IS ENTRAPMENT!

[@Commager88]

Fun fact: If you buy a house and forgo a home inspection, and it turns out there are more termites than previously advertised to you, you still have to buy the house.

[@helix2896]

I'm sure Musk thinks those rules only apply to poors

[@Yora21]

Have you not already bought the house? And since you bought it, you have to pay for it.

[@ejonp]

Particularly when you buy the house "as is", which is effectively what Musk did with Twitter.

[@Commager88]

@@ejonp exactly. And it probably won’t help you if you spend months talking about how bad the house is and how they need to let you buy it.

[@scifisyko]

@@helix2896 This is exactly correct, rules are for other people and not him, as far as he’s concerned.

[@longboweod]

I was in talks with a lawyer to sue for specific performance when I was trying to buy my house. The seller was dragging their feet; both realtors suspected they were "selling" their house as a ruse to suspend foreclosure proceedings. Lawyers did not, in the end, have to be called in, but my god did those sellers make it an unpleasant experience.

[@project_nihilist]

😎 What % of termites did the home have?

[@jessediscsalot2661]

@@project_nihilist The underlying factor that most parties choose or inadvertently ignore.

[@joester4life]

Weird... the sellers for our previous house wanted to go fast. They too was under foreclosure soon, and had an end date. The lake house my parents bought 2 years ago, had contract issues, since the previous buyer didn't technically own the home.. since the previous buyer (before them) had 3 sellers.. one of the sellers died and never signed. The brother of that seller was trying to leave and said, "take it! take it! We're done with the home." But their lawyer kept milking it... taking the money and always putting things on hold.

[@theprtillierypodcast]

He’s letting his hubris get to him, the way he’s openly flouting legal proceedings. He’s in for a hell of a reckoning if he thinks he’s gonna just bowl over the system. If he wins, it sets a precedent that contracts wont be worth the paper they’re printed on

[@katyungodly]

I mean laws are already not worth the books they're written in, why wouldn't contract be any different? If you're mega rich, no rules or laws apply to you, apparently 🙄

[@Aeluron]

People like him always have some lack of sense. A lot of times ego is responsible.

[@rellikai945]

As a loan underwriter, I have seen literally hundreds of businesses that exist in one state, but file for incorporation in DE specifically because of the fact that it is basically the playground of capitalist shenaniganary. And the blatant transparency of it always gives me a chuckle everytime.

[@BeesWaxMinder]

DE should leave all that to London UK!

[@jasonirwin4631]

@@BeesWaxMinder can't the UK and US share the capitalist shenanigans.

[@christopheraplin]

The reason we file in DE is because of the expediency and precedent that Delaware provides. Lawyers are expensive, state laws can be goofy. Delaware is predictable and experienced.

[@johnr797]

@@jasonirwin4631 I would think it would be Ireland, if anything

[@paulenriquez8307]

As a loanshark I have seen lots of contracts

[@atraxisdarkstar]

So, I get that lawyers like clients who have lots of money and give them lots of work, but if a law firm has a client who keeps picking bad fights and losing them, would that make some law firms wary? Like, do you want to just take the money and a string of Ls, or does it start to make you look bad when you're almost always on the losing end of a settlement?

[@phabiorules]

I think it mostly comes down to money. If you get paid more to take the string of L's, then why not?

[@rytan4516]

I think there is a reputational cost to consider, but in some cases, it's minimal. In cases where the suit is so obviously impossible to win, no one would fault them for losing the suit, much like no one would fault the world's best high jumper for not being able to jump over the Empire State Building. It'd be worse for a law firm, reputation-wise, if they consistently lost suits that seemed winable. And of course, the loss of reputation can be made up by a gain in money - some people would be willing to be humiliated for sufficient amounts of money. So I'd think a law firm would be completely fine with raking in cash while losing obviously unwinnable fights.

[@Gloomdrake]

@@rytan4516 plus someone ultimately has to take it on

[@stevencooke6451]

I'd be leery of Musk saying he is not required to pay legal fees. Breaching contract just like his political fascist hero who recently disowned him.

[@AleksandarBell]

Totally depends. If a company values their reputation, they’d most likely drop the client. If the company only values money and money alone, they will likely look for the short term and continue going for it.

[@Jaytheradical]

3:05 "Now, murders and acquisitions..." Letting a bit of Patrick Bateman slip through there, Mr. Eagle.

[@Longingtobesomeone]

Totally.

[@Maxisamo1]

So basically: - Musk wanted to buy twitter to "make it better" and "fix the bot issue" - Musk waives Due Diligence - Musk then pulls out because "There are more bots than you told me" and "they didn't let me do Due Diligence" Yeah a very smart and trustworthy guy here...

[@lenorevanalstine1219]

i mean have you seen how many times the man promises things that never end up happening or straight up shows off something and its literaly not what hes physicaly showing people like the solar roof thing that wasnt in any way made of solar panels or that time he shoed a "robot prototype" that was just a guy in a body suit

[@DormantGolem]

All the musk lovers will eat it up as MMRRRGRRRD hes sooo smart, a genius of our generation.

[@abigails4088]

@@DormantGolem because they're all too stupid to see that the only reason he was gonna do it... Was to try and CASH IN on inviting Donald Trump back to the platform. Notice how he started backpedaling ALMOST IMMEDIATELY after the agreement was reached, AND DONALD SAID HE WAS NOT GOING BACK TO TWITTER?

[@Jorora]

Seriously! That’s why I’m so confused. He said that was the whole reason for wanting to buy that company in the first place. Apparently because he wanted to fix the bot issue and free speech issue but when push came to shove he changed his narrative and excuses. If he really cared about the bot issue and free speech issue then he’d acquire it regardless. If it’s really the public square then doesn’t that mean most of the users are actual people? Otherwise why would anyone care about Twitter? So it’s clearly mostly real people because why else would we care about what people say on Twitter.

[@kendokaaa]

And he keeps misusing the bot information to mislead the public. The mDAU bot estimates are NOT "the percentage of all users that are bots" but he keeps talking about that as if that were the case. The contract puts a lot of wiggle room on that number because it is hard to measure and there can be some inaccuracy

[@CallieMasters5000]

Elon is definitely turning into one of those "if he didn't have money and business success, he'd be that freaky guy you'd tell people to avoid". [Edit: Elon, if you're out there, I'd be happy to pull out of this comment if you could send me a new Tesla Model X. 😁]

[@rahbeeuh]

Still might be that guy... /nsrs

[@fcasias7]

It's amazing how true this is in general though.

[@Saerise]

Honestly sometimes the money ain’t worth it. I told my 1 year old daughter not to ever marry someone like him.

[@Lucifersfursona]

Considering money isn’t real and business success could mean anything, he’s a freaky husk of a man with nothing between the eyes by choice

[@Lucifersfursona]

@@Saerise ... bro a baby doesn’t have the cognition to conceptualize western marriage norms Maybe wait until the human is idk able to process that

[@rickjames8960]

The irony of Elon's own tweets being the cause of his potential demise in his troll bid for Twitter is the best evidence yet that we may not be in the worst timeline.

[@Carewolf]

Well, Elon owning Twitter would still be worst timeline.. It would be a slightly more funny and ironic timeline, but still the worst.

[@blastermaster5039]

The best way to play a bad game is to not play at all. Stop using twitturd.

[@bundles1978]

So technically Elon only has about half the actual followers, if you use his metrics.

[@DoremiFasolatido1979]

We are in the worst timeline...and the best. Because there's only one.

[@jonb914]

@@Carewolf Yea it's not like the problem has been a lack of comedy and self-owns coming from the assholes who got us here...

[@GyroCannon]

Twitter isn't 90% bots. It's 90% idiots and trolls. The same type of people who love him. It's ironic that he's finally recognizing that and now wants to back out of the deal.

[@catladyfromky4142]

Elon making the termite analogy. LOL. Who willingly wants to buy a house with any percentage of termites? And what kind of realtor would calculate this kind of number and then put it into a document?

[@hannibalb8276]

It would have been more accurate to say that Musk agreed to buy a house, sight unseen, while also waving his right to have someone inspect it. Of course Musk left that part out of his dumb analogy and his cultists ate it up.

[@ebob0531]

I was thinking that too. Like what is 5% termites in a house? 5% of the house is termites? That would be so many damn termites.

[@marvinvargas4988]

I got a good chuckle trying to imagine what a house that's 5% termites would look like. Is that by weight or by volume? Like, does this house a couple thousand pounds of termites, or does it have enough termites to fill a few dozen square feet? Either way, this does not sound like a good house, lol.

[@john_blues]

I can understand the analogy. 5% termites is like a small colony and easy to root out. 90% means the home is screwed.

[@SquareCanine]

I think it's the perfect analogy, in so far as *he agreed to buy a termite infested house*. Whether or not the house has *any* termites is far more important than exactly how many. Extending the analogy, Musk is planning to hire an exterminator to kill the termites. So long as the house is still structurally sound, the quantity is immaterial. What, is his bot cleaning algorithm going to get tired and go into retirement after eliminating X accounts? As long as twitter isn't so bot infested that it is in the process of triggering a mass user exodus regardless of whether the bots are summarily removed or not, then twitter getting the number wrong doesn't seem like it would be a big deal. It's financial performance and projections to date already inherently account for the real number of bots on the platform, whether or not the calculated figure is accurate. It's already the reality of their business, not some future problem to materialize post acquisition.

[@Isiborkelvin111]

"Lawyers are going to get paid". As a lawyer myself this is one of my favorite statements.

[@Julianna.Domina]

I'm sure it's my defense attourney's favorite statement too. Damn, SoCal is expensive

[@scottgrindrod]

Lawyers are like Paul Cicero from Goodfellas: "Had a bad month? F*ck you, pay me. House burn down? F*ck you, pay me."

[@mcbean1]

​@@baddog9320 The people that say that about lawyers generally don't understand the amount of work that is done behind the scenes.

[@blackleague212]

@@scottgrindrod Meh, look here, more lies in this thread. Go support a black person and stop your nonsense with these fake jobs. Destroy the court system and the American monopoly on litigation. Go give some of that damn money to a BLACK person, like someone in the Bronx New York . You people exist in some fakeass bubble where blacks dont exist. and I mean the real blacks, not these kissasses from Hollyweird. AMEN. That is what all of you need to go and do. And shut up about anything else your chatting about. Period. That is most important.

[@mcbean1]

@@baddog9320 they don't work on your matter for months because they are working on all the matters they had before yours. If a lawyer has 20 matters that's 1 matter per day in a month. Most matters require more than 1 day of work, hence the delay. Trust me, as a lawyer I wish I could just do 1 matter at a time, but you'd either be paying my entire wage or I'd be unable to afford food.

[@baileyayyy5085]

"It is acceptable for a house to have 5% termites" - very cool and normal dude

[@Pb7.62]

Thes is bizness

[@EatMyShortsAU]

It is just analogy. Another could be would you a batch of apples being 5% bad or 90%. If it is just 5% than the remaining 95% is still good right? But if your house is 5% termites then the house is probably unlivable and would need to be demolished.

[@baileyayyy5085]

​@@EatMyShortsAU the guy making the point seemed to think 5% of your house being termites is okay lol

[@EatMyShortsAU]

@@baileyayyy5085 hahahaha yeah I get your point.

[@Bird_Dog00]

5% of what? The building's total mass?

[@iner22]

I do remember Elon tweeting about how "Now Twitter has to swear to the number of bots in court," which leads me to two possible conclusions: 1) Musk is trying to game the system by forcing someone else (Twitter or the court) to do the work for him 2) Musk can't conceive of a world in which he's wrong about this Either one is concerning

[@harrisd1983]

I think he is trying to crash the stock so he can buy it for nothing

[@joanned8172]

Elon is not wrong though twitter is absolutely more than 5% bot accounts.

[@GerryRR]

But Twitter doesn't know how many bots there are, they can only estimate. If they knew how many there were they'd know which accounts they were and could ban them - so there'd be none.

[@Thalanna]

Or... he genuinely believes that there are many "bots", because a lot of people disagree with him. Since he truly believes he's the geniusest genius that ever genius'd the world, there is only one explanation, for someone disagreeing with him: it can only be a bot ^^' Which may be sadder.

[@HUEHUEUHEPony]

well now we will see how many bots does twitter have xd

[@RiverStyx07]

The way you compiled all the information and clauses on the agreement in such an easy to follow manner is mind blowing. Good job!

[@loturzelrestaurant]

Best Elon-Coverage (-Roasts) ever, if you happen to be interested: Some More News and Adam-Something.

[@gingergoddess8953]

I see what you did there. Hey, when the jokes are pulled out, you know it's because Elon didn't.

[@ytcorporate9237]

Elon's dad didn't pull out of his step-daughter either, unfortunately 😓

[@kallymcdonnell]

@@ytcorporate9237 🤢

[@Durgenheim]

How many kids does e-lawn have now? It's in the double digits, right?

[@esperanzaarce9563]

@@Durgenheim his firstborn died of SIDS, and he has 9 living kids.

[@numa2k147]

@@esperanzaarce9563 Wait you're not serious are you ? 😮 Genuine question.

[@phobos258]

"AUTHENTICATE ALL HUMANS" is totally not what a robot AI would say. We're on to you Elon

[@mittfh]

Every account owner must successfully complete a CAPTCHA every time they log in... 😈

[@chiaracoetzee]

It's wildly impractical to say the least. Was he planning to ask for everyone's state ID? Worldwide? And with what money is he processing these documents and ensuring they're not forgeries? Even Facebook with its stringent "real name policy" never asks most of its users for any formal authentication.

[@DinosawrsAreAwesome]

@@chiaracoetzee It's just to remove marginalised and at risk people from the platform and rob them of their agency, someone couldn't anonymously tweet about abortion access on the twitter he proposes, LGBT people who are closeted or in places where there existence is criminalised couldn't use the platform to organise or find much needed help or new friends. He was recently parroting the common right wing talking point of 'underpopulation' his politics are very very clear, people just don't want to see them.

[@phobos258]

@@chiaracoetzee I'm assuming we will have to do is simply take a picture of ourselves holding our driver's license or state ID, along with our birth certificate, social security card, that day's newspaper, and pictures of our parents. Then just submit the last 10 years of your tax returns and a few vials of blood. Easy peasy.

[@daeviant]

[DALEK voice] Authenticate! Authenticaaaaate!

[@brandonlink6568]

I love how Musk and his cult think he's winning because Twitter is suing him, like he's playing 4D chess and they just fell in to his trap.

[@IncognitoSprax]

Kind of the same thing with Trump cult.

[@Jaronite]

@Brandon Link Absolutely! Also a handful of the Musk Cultist are trolling on the internet. They seem to blind themselves just because they hated Twitter, be it for politics or otherwise. I think Elon has made a mistake in this whole saga.

[@brandonlink6568]

@@Jaronite that will depend on if he's forced to follow through with his purchase. From what I've heard he saved himself $9b by cashing out all that Tesla stock before it crashed under the guise of buying Twitter so if he's 'only' fined $1b he still comes out ahead

[@Jaronite]

@@brandonlink6568 Agree, I don't think this mistake would create any substantial dmg in Musk's financial standing. But this mistake should be a very clear proof, that no matter how much of a stable genius people think he is, even he is prone to making bad decisions. Elon is as overrated as Tesla Stock Price.

[@Gage6822]

I soooo want to see if this comment ages well

[@SubsonicQuill77]

I’m not a lawyer or a legal student but I can imagine what Elon’s lawyers are going through, the guy just keeps digging himself deeper down the hole while his lawyers try to rescue him. he’s the kind of client that lawyers get nightmares about. I guess, when you’re rich af, you can do whatever the heck you want and still have a reasonable expectation to come out unscathed.

[@sv2697]

Sound like Trump. 😂

[@julioguardado]

Two words: Billable Hours. I've worked lots of M&A deals as CEO/COO and investment banker and one thing I'm sure of is that the lawyers are not losing any sleep over my problems.

[@ejonp]

@@sv2697 The difference is that I'm pretty sure Musk's lawyers get paid.

[@BigHenFor]

He knows that is very unlikely that he be forced to complete the deal. That would really hurt, as the value of Tesla stock fell below the level he planned to use it for collateral. He'll have to stump up a huge (for us at least) chunk of change as compensation, because so far he's not talking like he has any evidence that the number of bots is at a level that is materially adverse. The Twitter Board laid a trap for Elon, and he walked into it eyes wide open. And the choice of Delaware as the jurisdiction makes betting against Musk winning very, very easy I'm afraid.

[@thomasbecker9676]

His lawyers are probably getting paid by Tesla, not Musk.

[@TheGerm24]

"Lawyers are going to get paid." - The only way to win in this case is to have a law degree.

[@HappyBeeGaming]

If Twitter wins they will probably be more than able to cover the legal fees with the billions in “profit” the sale will generate.

[@flavious27]

Also to own a hotel near the Courthouse. The doubletree is going to be packed during this mess.

[@Staticjokes]

Absolutely love this video, glad to see someone not hold this man on a pedestal.

[@utubepunk]

Right? Although I'm sure his army of Muskrats will be here simping en masse shortly.

[@ericb.4313]

In starting to notice more and more people not putting him on one or actively destroying the pedestal.

[@genkisudo]

I’m the biggest Elon supporter out there, but I want to be objective as much as possible. You should never worship anyone, and love the legal’s take on this.

[@Lucifersfursona]

A bloody emerald pedestal y’all insist is pretty and electric and clean

[@Lucifersfursona]

@@genkisudo consider educating yourself on what he’s actually done

[@ryans756]

It seems like he had the idea he would take over Twitter and hit a key, remove all the bots or whatever, and that would be the end of it. But when he learned that actually, you need to employ people to search and destroy them, he was once again brought back down to reality BY REALITY ITSELF, lost interest, now is weaselling out of the deal. 🤔

[@nocensorship8092]

Or he just wanted to sell Tesla shares with limited effect on TESLAs price. As well as bringing attention to Twitters oppressed speech and manipulation issue. Or he wanted to make money on buying Twitter, changing it and selling it with a profit and then reality struck when stock prices fell and he realized Twitter is not worth even a tenth of the price.

[@estebanbr7596]

I mean how much was it up to 40% of bot users or something???

[@daphneross2845]

@@estebanbr7596 Twitter would be a better place if Musk was right about the 90% of Bots

[@nicholasjarrett4480]

Elon Musk may have pulled out, but his father didn’t pull out of his stepdaughter.

[@chromeshellking]

Yea his daddy kept it in the family in his own stepdaughter.

[@xp7575]

Elon got a new niece/sister 😂☠️😂

[@kwith]

Where do you think Elon learned his shitty pull-out game from?

[@catladyfromky4142]

@X P He likes to keep it in the family. What's wrong about that? Or he could be a fan of Woody Allen. Who isn't?

[@prime_optimus]

Keep it in the (extended) family.

[@madnessbydesignVria]

When people say Elon is such a genius, I point to things like this, and when he said one of the divers rescuing kids from that cave in Thailand (that was filling with water) was a pedophile because the diver said Elon's personal sub wouldn't help in the rescue. Genius. It's possible to be very good at something, even make a ton of money at it, and still not be a genius... :)

[@drchicken2477]

What about the time he claimed surface weather conditions have no effect on underground spaces?

[@josephschultz3301]

Agreed, Madness. It's completely possible for someone to possess a keen mind for business _and_ have absolutely zero common sense at the same time.

[@madnessbydesignVria]

@@drchicken2477 Right. My comment was not meant to be an exhaustive list at all. How about when he rolled out his line of flamethrowers?

[@allandnothing5338]

Indeed. The guy seems to love having full freedom to say whatever he pleases (including crazy claims) but he snaps as soon as someone emits negative comments about himself. He's really coming across as a spoiled brat rather than a business genius.

[@outerspaceisalie]

What world do you live in where geniuses are always graceful and kind? Geniuses still do just about as much stupid stuff as normal people. Hell, most of them do way more stupid things than non-geniuses because they simply do a lot more complicated stuff, period. They are people, they are moody and arrogant and make stupid mistakes just like everyone else. Seems more like your problem is that you put geniuses on an irrational pedestal.

[@youtubuzr]

"And the important thing is that lawyers are going to get paid." Pretty much the reality I told my friends about when PaleSpoiledBoy made his manic bid for Twitter. Honestly, I hope they strike a deal that lets Elon walk away after paying substantially more than $1B, as well as divesting his shares from the company. He needs to go the hell away.

[@SOLOcan]

No, twitter is a losing company and they were lucky to have someone be dumb enough to buy them at such a good price. Twitter should be chained to musk’s ankle the same way mafioso dispose of bodies

[@nathanlovins4121]

You sound like you have a little bird chest and no bitches.

[@Brook_tno]

Or, will he use the lawsuit as an excuse to dump more of his overpriced Tesla stock, under the guise of "I didn't want to do it, but I had to pull assets to buy this Twitter crap/pay these lawyers/etc"?

[@JackDespero]

He has already used them as collateral, as fas ar I know, so if he has the chance, he will most likely take it.

[@fordesponja]

That has been his reason for doing all this. He just wants to to pass the ticking bomb of his overpriced company stocks and used his ability of making scenes to lower the value of Twitter so he can get a better deal. But his antics are getting old and lately the only ones who believe him are his dickriders.

[@roryschussler]

These explanations are more complicated than necessary. The simplest explanation is that he wanted to buy it and made crazy compromises that gave him little ability to back out so he could get the deal. Then the market crashed, dropping the value of Twitter and his own companies, but leaving him stuck paying the same price.

[@jackxiao9702]

Why would he need an excuse though?

[@cloudytug]

@@jackxiao9702 because if people see him selling a lot without any explanation, theyll assume something bads happening with company and price will crash

[@TheGotoGeek]

Finally remembered to look up Court of Chancery, and it turns out that two of it’s original functions were to look after the estates of lunatics and guardianship of infants, this case is definitely in the right place.

[@ally939]

Ahahaha, that’s incredible

[@vfplayer]

Also, he waived due diligence! So he said he would buy it without executing any due diligence anyway! It was one of the reasons they agreed to sell to him, he offered more than it was worth at the time, he waived due diligence, and he said he had the financial wherewithal to buy it. The Twitter board was actually doing what was in the best interest of shareholders by agreeing to the sale. Musk was an idiot in what he said he would do in his letter he submitted to Twitter and the SEC, no one forced him to waive due diligence. But once Twitter saw those 3 key things, it was in their best interest to sell.

[@jdatlas4668]

The lawsuit and related public statements kind of tell this story. The board knows he's an idiot and it'd be bad for the company itself for him to run it, but also the deal is so incredibly bad for him it's definitely in the interest of shareholders to force it through and get more money than the company is really worth.

[@Maxisamo1]

@@jdatlas4668 They're definitely aiming to have him pay a shit ton of money for damages without actually buying the company. That way they get some number of billions and he stays out of twitter

[@Alex-cw3rz]

Genuinely I don't know how anyone can think he is even vaguely average in intelligence after that, it's baffling st upid to wave due diligence when buying a second hand car, let alone a $44 billion deal

[@chiaracoetzee]

@@Maxisamo1 Do you think their threats to force an injunction to buy are just to drive up the cost of a settlement then?

[@Maxisamo1]

@@chiaracoetzee David stated that was an option. Musk is also potentially trying to acquire twitter for a lower price and "postured" early on but since he signed the agreement and waived Due Diligence, it's unlikely. The most likely outcome is Musk pays a fee and leaves, which Twitter will definitely try to get higher than 1Billion considering all the trouble he put them through

[@savannahs8914]

I usually don't site with corporations over any individual, but I'll side with anyone who makes Elon Musk blink

[@randomchannel-px6ho]

Also let Elon's very own tweets being used against as evidence of him not being in good faith be a lesson to everyone, but especially younger folk: What you post on social media can have real world consequences. If whatever you're going to post isn't something you'd be comfortable with a prospective university or employer seeing, don't post it.

[@goprojoe7449]

Spoken like a true Nazi

[@Whiteythereaper]

That's why you use different emails, profile photos and don't have open profiles

[@mccrii5701]

should be a lesson to the older population, they want to say whatever on social media and not be effected 💀

[@mattbowerman]

yeah, and those consequences only come from the pseudo-intelligent lol I'm comfortable with everything i post lol otherwise i'll just debate them, unless they admit they are not intelligent enough for debate

[@petersansgaming8783]

@@mattbowerman the way you wrote the comment makes me think you are also part of the so called "pseudo intelligent" people

[@sethkritarth]

The one thing I always get for watching this channel is, "legal fees are enormous", therefore, justice is not for poor people 😢

[@draco2743192]

I wrote a law review article on this. Long paper short, courts screw the poor by saturating them with fees and costs to the point where innocent people plea guilty because it is cheaper than fighting the case. Also significant portions of people actually resort to illegal actions (theft or selling drugs) in order to pay the court it's fees.

[@davidarnold2456]

I mean I think you are right but if you ever need to bring a suit and cannot afford it see if a lawyer works on contingency. Common in areas like personal injury employment law etc

[@sethkritarth]

@@davidarnold2456 I agree, but are good lawyers available there? Or are they the ones that review a file for 50 seconds and ask for settlement or guilty plea?

[@davidarnold2456]

@@sethkritarth i was talking about civil stuff I believe criminal lawyers are barred from working on contingency.

[@ZackC]

Legal fees (in civil court) are enormous if/when the amounts involved are enormous; the vast majority of civil cases that any individual will personally encounter can be taken to small claims court without a lawyer. That said, capitalism generally establishes most things as “not for poor people,” from lawyers to plumbers to grocers.

[@josephgouthro3932]

Musk: Twitter is a public square, vital to our democracy. Also Musk: (poop emoji)

[@DaWingman]

"lawyers are going to get paid" ... made my day :)

[@RichardStrong86]

After hearing about his father, the way Elon Musk is makes total sense.

[@hannibalb8276]

The shit apple doesn't fall far from the shit tree, apparently

[@Krushak8888]

What did his father do?

[@hydro7373]

@@Krushak8888 Well recently he had a baby with his niece that he's raised since she was 4

[@SRosenberg203]

@@Krushak8888 Married his stepdaugher, who he had raised since she was four. They just had their second child.

[@DarkFleurofIra]

@@SRosenberg203 OAO bruh wot?

[@hellofranky99]

YES, a proper lawyer's perspective on this fiasco. I've been refreshing Legal Eagle's page for days waiting for this video.

[@logaandm]

"The important thing, Lawyers are going to get paid." I'm sure the lawyers watching would agree. The rest of us think maybe there are bigger issues.😅

[@esthersmith3056]

i dont think there's a bigger issue here. i really dont care who owns twitter lmao.

[@thomasfplm]

I think that in this case, I'm cheering for the lawyers.

[@AgentUltimate7]

As a lawyer I agree with this line.

[@vullord666]

@@esthersmith3056 Same. I’m not going to use it either way and its always going to be a toxic cesspool due to the users.

[@pinkyfull]

I love legal eagles ads at the end. I barely ever watch them, sometimes i do to support the channel. But the way he smoothly transitions from the story to the advert is just *chefs kiss

[@apjtv2540]

I mean, you gotta hand it to him, Musk really does seem to hate every company based regulation on the books.

[@hadriangonzalez607]

Only when it benefitted him exclusively did he not hate regulation.

[@DERP_Squad]

If Musk bought Twitter stock, entered into the agreement to buy Twitter causing the price to go up, then sold the stock and withdrew from the sale would that be insider trading or otherwise breach SEC rules?

[@meateaw]

Not a lawyer, but that sounds an awful lot like a pretty basic case of market manipulation. But don't worry; Twitters stock price didn't go up. It was high for a month and a half, and is now basically back at what he bought at.

[@BeesWaxMinder]

That’s a good question

[@daeldir]

If he stopped buying at 9.13% of all shares (I did not find if he bought more), it would not be insider trading, as an individual is considered an insider when possessing more than 10% of a company. He was offered to join the board of directors and accepted. That would have made him an insider, but as he backed out before being appointed, technically, he may still not be considered an insider. Market manipulation would definitely be considered in this hypothetical case, however. Which is on brand for him.

[@DERP_Squad]

@@meateaw That's still a month and a half when he could have made a profit if he did.

[@Alex-cw3rz]

@@daeldir where in the world did you get you need to posses 10% of stocks from? This is just not true.

[@thirstfast1025]

Elon thinks a house comprised %5 of termites is okay.

[@MushookieMan]

He's not so good at analogies

[@리주민]

I'm so poor I negotiate the banana price and seek to get a 20 year mortgage on it.

[@benjaminoechsli1941]

@@ULTRAOutdoorsman That's true! The richest man in the world sleeps on friend's couches every night. X to doubt.

[@niekblonk1146]

Very interesseting to hear that courts in the US mostly just want you to pay damages to get out of the contract and that there is little room for the specific actions. In the continental European system it is very common to obligate a party even through court orders to perform the actions in a contract also in merger contracts. The damages atleast in my own experience are usually the last thing to fall back on.

[@bclairelarr]

Having things this way makes it easier for rich people to view fines and damages as just "the cost of doing business," instead of actually being held to their commitments and promises to do things. 😥

[@niekblonk1146]

@@bclairelarr And it also makes the people and companies way less accountable for their actions. They just pay their way out of it. Instead of being force to uphold the contract.

[@rileywagner]

Also: not all twitter bots are bad. I follow one that tweets every time my local politicians are lobbied by oil and gas companies. How exactly does that devalue Twitter?

[@Rammstein0963.]

Because you can't advertise to bots? You can't sell an algorithm a product or service? I know this is big brain stuff, but come on now..

[@alexpkeaton4471]

@@Rammstein0963. Come on now, if it's useful to human users it will keep them engaged with the platform...so you can advertise to them.

[@miguelguthridge]

Tom Scott made one that tweeted every time someone edited Wikipedia from government IP addresses once

[@GearForTheYear]

@@alexpkeaton4471 It would still be misleading to consider bots as MDAUs. Not condoning the actions taken by Elon.

[@parkmannate4154]

Can't advertise to a bot

[@bernlin2000]

I can't imagine there's a line more wonderful for a law firm them "this raises many questions". 😂 Musk is an amazing gift to law firms across the world lol

[@jmitterii2]

He's a con jobber and for the moment still has access to our tax money to pay lawyers.

[@Justin-pd2bj]

He is rich and makes cokehead decisions. His lawyers are probably dancing 🕺 and high fiving each other every time he leaves the room.

[@calvinwilson3617]

My personall guess is he thought he could do whatever he wants with twitter, and if it wasnt for other countries (EU) he could, but now he realizes the can of worms he would open, and is trying to use "bot numbers" as an excuse

[@Judgewrath1]

Or it could be because Tesla lost a crap-ton of value and he based his purchase on the backing of Tesla shares. Now he realizes he's on the hook for the value, and he wants to pull the D-ring and punch out, Maverick!

[@ELFanatic]

This whole thing always smelled like market manipulation to me. Just like what he did with Doge coin and twitter in the past. He just got cocky and bit off more than he could bite

[@vsGoliath96]

@@Judgewrath1 And funny enough, his buying Twitter shenanigans are a not insignificant part of why the value of Tesla tanked. He truly made his bed here.

[@EPgeek]

@@theminnesotavikings My own suspicions were that he was only buying Twitter to crack down on the number of fake/bot accounts that impersonate him, then chickened out when Tesla stock tanked as a direct result.

[@oldcowbb]

homelander is that you

[@guitarsimon1]

Elon on an absolute mission to prove the executive class are almost all a completely useless waste of money.

[@scottgrindrod]

This might *finally* expose Elon for who he actually is: a rich brat who's failed upwards in SPETACULAR fashion who can't run a successful/profitable company to save his life.

[@imagemkv]

Yes, just like Elon himself

[@paulphyo]

@@scottgrindrod tf r we talking about the same elon musk

[@wdf70]

@@paulphyo Considering all he does is buy companies, worm his way to president or CEO and claim he built the company himself, and then sell it when it's convenient. Or my favorite bit, create a company to sell snake oil ideas to idiots and then runs away with the money. Hyperloop just being a more expensive, more dangerous version of a train, based on an idea thats been universally decided as a bad idea back in the early 1900's. The Vegas loop being an inefficient wheeled taxi underground that still gets into traffic jams despite his claims. The tesla semi being nothing but vaporware. The Tesla robots being dudes in spandex dancing on stage. And that's not to mention his obvious and blantant manipulation of crypto and stock market pricing so he may line his own pockets. The dude does nothing BUT fail upwards because people slob on his knob because "fUtUrE!"

[@scottgrindrod]

@@paulphyo yes. Elon has never seen one of his own ideas through to a product. A common trait among grifters is to move onto "the next big thing" before ever delivering the last thing they promised. All talk, no delivery.

[@adud6764]

Musk's Lawyers: "alright, how can we turn his latest unhinged tweet into a legally standing argument?"

[@alexman378]

Not too hard to do when across from you, you have Twitter

[@Dissent1]

It was just stock manipulation all along

[@ActualLiteralKyle]

“Twitter considered that Musk might…’Musk Everything Up’” DEAD SON 🤣🤣🤣

[@Rubberman202]

You know, it's weird, I genuinely thought Elon actually did want to buy Twitter. Knowing that he never actually wanted to buy it but just likes to flirt with buying stuff, in light of everything he's done with Twitter since the actual purchase... it just makes so much sense.

[@ejonp]

There are just so many things wrong with the whole termite analogy... First of all, "5% termites" is still a hell of a lot of termites. That's literally termites crawling up and down the walls and large parts of the house in some state of collapse. A number extremely close to 0% termites should be your target. Second, I've bought several houses in my life, and in no case did I rely on the buyer to simply tell me how many termites the house had. It's one of those things you have checked BEFORE you agree to buy the house. Finally, if you buy a house "as is", which is what Musk agreed to do with Twitter, you don't get to change your mind later no matter how many termites you find.

[@noatrope]

I would also have added that whether the difference between 5% and 7% termites is material is affected by the size of the house.

[@Nerdthatdreamsofelectricsheep]

Also it's hard to prove if the termites came before or after you brought it

[@hhiippiittyy]

You might also have to prove that the seller's assertion of 5% termites was knowingly or maliciously false, to the extent that such a thing is knowable. Without destroying the house and weighing it's components, any number is going to be an estimate at best. Many things that cannot reasonably be known are essentially categorized as "as is" If someone finds out that peanuts are the cause of every brain clot for the past 20 years, we probably still can't sue Planters unless they knew 5 years ago.

[@sennevanheghe6615]

Unlessssss the seller is claiming there’s just 5% termites and you can’t inspect the house to verify the validity of this claim

[@DatAsuna]

yeah the key thing is that in order to back out because the house is "90% termites" one has to actually prove that rather than just say so.

[@FlameG102]

I felt from the get go that this was an attempt to either settle at a lower price and go through with the purchase, or to potentially force details come to light about twitter's bot count that benefit his argument, thus resulting in a stock plunge for twitter, and therefore, a much lower asking price he can swoop in on.

[@cameronbreeze4029]

He already agreed to pay at a set price, which is nearly double the market value of the stocks, doesn't matter what the stock price is.

[@silent_anon404]

@@cameronbreeze4029 He can get out of the deal by paying the $1Billion in damages, while collapsing Twitter stock by having them expose their bot %.

[@cameronbreeze4029]

@@silent_anon404 Have you err, you know, looked at twitter stocks?

[@eiyukabe]

Either way, good. I'm not particularly a fan of Musk, but Twitter is a woke-infested hell hole that bans accounts for simply not believing the objectively false modern woke beliefs. It is used as a platform to push pseudo-religious ideology now, not as a platform of free speech, and needs to be eradicated in its current form.

[@FlameG102]

@@eiyukabe dont go celebrating before anything actually happens. It may very well just end up being a settlement where Musk pays a fine and Twitter goes un-musk'd

[@johnalbert2102]

All this whimsy, lack of foresight, and juvenile behavior almost kinda gives the impression that Elon Musk might not be such a galaxy-brained business genius after all.

[@dmonwhatsapp152]

🔝 Tell Max to get you newest update on investment

[@Patryc]

yessir. he's just an impotent man-child-apartheid-emerarld-blood-mine trustfund baby

[@TheLewisLightning]

Just want to point out that Musk has never been a genius. His highest level of education is a bachelor degree. The only reason he has high tech companies is because he came from a very rich South African family that helped set him up to own companies and businesses without any actual experience. Eventually he was able to use that money to start Tesla where he hired actual genius level people to work for him. Unfortunately Musk takes credit for all that as head of the company, but he's not actually the brains behind the company, just the face put there because he was born into the 1%

[@anothercub6958]

Somehow, I just know his fanboys will find some way to twist it to where he was justified

[@bartmostowiak5253]

@@TheLewisLightning couldn't agree more but he did not start Tesla either. Two other guys did. And that's a bit of a sad story in itself.

[@Xenobears]

Love how Musk was complaining about Twitter firing key personnel… You know, considering what he did once he took over.

[@michael9433]

There is something you didn't touch on, though I can't blame you since it is speculative. There is a timeline that I find particularly fascinating: On April 4th, Tesla hit a high value of $1,145 a share. Also on April 4th, he announced he purchased a large amount of shares in the company, and wanted to buy twitter. 3 weeks later, he had a deal in place. In order to get funding, he went to the board to approve selling 8 billion dollars in Tesla shares. He used the potential acquisition of twitter to justify selling his stocks. The board approved the sale. It is worth noting that in 2021 the US government and several states started investigating Tesla cars. There were a series of crashes using the autopilot functionality, some cases of the cars just randomly braking on the highway, and tesla's catching fire, with occupants being forced to flee the car through windows since the doors lock in the case of fire and the release is hidden behind panels located inside the door. Now we fast forward to a few weeks ago, and musky boy now wants to pull out of the deal. But he already sold a bunch of the stocks off. Conveniently, he sold them at about a 1,000 a share. Oddly today, after a bunch of scandals that he would likely have been aware of, the price is around 700 dollars a share. I believe the whole thing may have been a large grift. I think he was looking for a way to sell high before scandals came out. Looking at the timeline, his sudden reversal does make more sense when couched from that angle.

[@miketravis4242]

Super underrated comment. This feels like it has the spark of truth somewhere in there.

[@loturzelrestaurant]

@@miketravis4242 Best Elon-Coverage (-Roasts) ever, if you happen to be interested: Some More News and Adam-Something.

[@usazar]

The breeding kink and general lack of ethics and yet this man has adoring fans 🤮. We are truly a society in decline

[@GodActio]

Breeding kink? That's just normal biology. Anyone not having kids or only one or two is brain bludgeoned.

[@animalia5554]

What’s a breeding kink?

[@EatMyShortsAU]

The wheels are slowly falling off the bandwagon.

[@fallingasleepaswespeak]

@@animalia5554 a person w a breeding kink is someone who finds either getting pregnant or getting people pregnant sexually appealing.

[@irrnfhdns9svjwjw269]

@@fallingasleepaswespeak i don't think that's so bad if he is taking care of them i really don't see anything wrong with it.

[@Jimbobob5536]

On the one hand, I really want Elon to have to take the monetary hit. On the other, I REALLY don't want him having ownership of Twitter.

[@merphul]

my money is on settlement above the 1 billion penalty.

[@dielaughing73]

I don't think owning Twitter means he can just do whatever he wants. There's too many regulations for that - and I think that's why he wants out. Maybe, best case, he totally screws it up and runs the company into the ground and we end up in a world with no Twitter and a humbled Musk. Unlikely, but a man can dream!

[@DukeofAuerstadt77]

Exactly.

[@GerryRR]

I expect Twitter will seek the difference between the current share price and the deal price. They'll probably get less.

[@msannthrope_2049]

👍🔥💯

[@neonshadow5005]

Twitter should be suing him to pay the fees, not forcing him to buy them. They didn't even want him to do that in the beginning. "Authenticating all humans" can be code for future limiting and invading your right to privacy and anonymity while using the platform.

[@dannyboy4682]

It's a game of chicken. Twitter knows Elon doesn't want to spend tons of money on twitter, therefore forcing him to pay the 1 billion penalty

[@ProfAzimov]

They have to maximize shareholder value

[@Glordhook]

I like that he thinks that a house made from 5 percent termites would be acceptable.

[@SakuraNyan]

I personally think Musk's misbehavior before the contract should preclude him from being able to purchase Twitter. (And he should be further blocked by the SEC from obtaining shares in anything, directly or indirectly as a punishment.)

[@Saerise]

I like this plan a lot.

[@lopenash]

Unfortunately the SEC has no power over him

[@evilcorp7976]

Things like this happen everyday we just don't see it if I'm not mistaken they can force him to close the deal but at a lower cost witch may be what he is after

[@TechGroupF430i]

Imagine mocking a bunch of employees for leaving a company you want to buy, but then in the next breath arguing that because so many left the company you're no longer interested in buying it.

[@meregaming1770]

Almost as bad as saying you want to buy a company to improve it by ridding it of bots, and then saying you won't buy it because it has bots.

[@justrandomthings8158]

@@meregaming1770 not because it has bots, don’t lie

[@ufgbkgchehshid8115]

@@meregaming1770 yeah except if they say 5% of users are bots then 20% of them actually are your not gonna pay the full price for something

[@Daark_Karma]

@@ufgbkgchehshid8115 except when you waive you're right to due diligence yes you do pay the full price. You're fault for not checking yourself first

[@Kris-ym2zr]

"The important thing is lawyers are going to get paid" 😂

[@BYERE]

"Sometimes as a company, you need to be able to terminate people." Well that doesn't sound at all ominous, when taken out of context XD

[@davidribeiro1064]

It's not better in context...

[@BYERE]

@@davidribeiro1064 True

[@uniquename6925]

@@davidribeiro1064 ?? You think a company being able to fire employees is bad?

[@zagreus5773]

Being able to terminate people without reason is bad and illegal in several countries but the US. Being able to terminate with legitimate reason is necessary for a company to survive.

[@BYERE]

@@zagreus5773 Yes, but I was referring more to the idea of the company killing the person, not just firing them. Double meaning of the word "terminate", etc.

[@Senaiaeguo]

Musk’s getting a fanbase felt like a glitch in the universe - so many people unable to critically analyse! I think there’s going be a lot of defensive shouty parts of it online as this goes down 😰

[@calvinwilson3617]

People seemed to think he would push free speech, which is hilariously wrong

[@inefffable]

It's embarrassing The knee jerk reaction to defend him is v weird

[@AnErrantPhoton]

I remember when the idea was floated that he'd buy Twitter. I was pretty against it since: 1. Communications and media are NOT his strong suit 2. His lofty idealism is ALSO NOT suited for the real world; therefore, trying to transform twitter to comply with that ideal would not go well. I was curious how an Elon-led Twitter would perform. Probably not well but I was (am) curious.

[@topogigio7031]

It's been so obvious from the start that he just wanted to attack Twitter for how freely people can expose him on that platform. Whatever you opinion of Twitter is, it's not a singular entity that you can blame your past mistakes for.

[@rahmadrenaldi2624]

@@stereomachine what, the self crashing ai specialist ? Or the self burning up car specialist ?

[@RafaelPolanco]

You are telling me there's a legal document filled with shitposting, memes and poop emojis? What a time to be alive.

[@Wayouts123]

They should sue him and force to either buy it or pay half for wasting time and damaging the stock value

[@2Links]

Love that intro, Elon fanboys really piss me off.

[@skaldlouiscyphre2453]

I'm pretty sure they're bots. Especially any you encounter in meatspace.

[@adrianhjordan1981]

He missed one, the other time Elon is in the news is when he blows up a rocket!! 😝

[@hannibalb8276]

@@skaldlouiscyphre2453 Not just bots, but typically unhinged ideological cultists that use all sorts of underhanded means to amplify themselves and their views. It's why in the real world right wingers lose elections by landslides, while online they seem so OVER-represented. It's by design. They can't cheat in real life like they can online.

[@skaldlouiscyphre2453]

@@hannibalb8276 Sadly they still try to cheat in real life as much as they can get away with.

[@DanteSolablood]

Elon Musk, the famous "buys things and claims to have invented them" billionaire. What's he done with his inheritance today?

[@quantumblauthor7300]

The Edison drive

[@NGCAnderopolis]

His inheritance? He has no money from inheritance his parents are still alive and the rich one, his father, hates him.

[@andrewliu8048]

@@NGCAnderopolis his parents own emerald mines, that’s not normal person wealth, try again

[@NGCAnderopolis]

@@andrewliu8048 his fathers share in an emerald mine is not an inheritance nor is it what made musk a billionaire.

[@simonmarshall3869]

@@NGCAnderopolis more interested with his new uncle & brother and the inheritance

[@sammasters6443]

3:05 LegalEagle pulling a sneaky Patrick Bateman with his 'murders and acquisitions'

[@HParekh45]

That shade at the start 😂😂

[@CabbageYe]

"Elon is such a genius for buying Twitter! Free speech will be back" ~A month later~ "Elon is such a genius for pulling out, great troll! Called it from the start 😂👌"

[@Saerise]

I’m seeing this flip so much on Reddit. It’s hilarious. 🤣

[@hannibalb8276]

Not coincidentally Musk simping is strongest in the largest shithole corners of the internet. Twitter, facebook, instagram, youtube comments, etc. Anywhere with low moderation that is easily manipulated by people using underhanded means to amplify their views, basically.

[@afwaller]

Small correction: Twitter can force employees to work under involuntary servitude if it is done as punishment for a crime. For example, if they employed prisoners.

[@nancym5341]

What? In what country South Africa 🇿🇦

[@DorianGrayClampitt]

@@nancym5341 in America… they have some crazy laws. The 13th amendment spells out that you can be forced to work as exception.

[@abigails4088]

@@DorianGrayClampitt I mean, "working for Twitter" is a grotesque exaggeration, BUT IF THE FRAMEWORK WAS THERE, IT WOULD BE ENTIRELY POSSIBLE... as is, most of those "forced slavery" prisoners are making stationary and LUXURY BRAND CLOTHING As one investigator put it "If its AGGRESSIVELY MARKETED AS MADE IN AMERICA... It was probably made by incarcerated individuals in FORCED SERVITUDE."

[@abigails4088]

@@DorianGrayClampitt Bonus points... CORPORATIOSN PARTNER WITH PRISONS to basically "STEAL" your entire paycheck through phone services, when they're already only paying you like 70 cents an hour >.>

[@abigails4088]

@@nancym5341 so yeah, I dunno what SOUTH AFRICA does, but if they don't ENSLAVE people... they're better than America in that regard >.

[@Marqrk]

Inb4 Musk fans come raid this video to explain contract law to an actual lawyer

[@lgdcommanderchen]

That would be hillarious! XD Although, I really doubt that those people would have the gall to do that. I mean, this is LegalEagle we are talking about, not just some random guys....

[@louissanderson719]

@Kronecker exactly what I was thinking. Subject matter experts are calling out Elon and his fan base are going nuts.

[@Confucius_Says...]

😂😂😂😂

[@lgdcommanderchen]

@Kronecker I stand corrected, then! Also, thank you for introducing such a great channel.... :) Really, the audacity of these.... fanboys of Elon are on another level. I really couldn't understand the level of trust his fanboys put in him, so much so that it is enough to incite them challenging a literal expert on a field they may not even know existed.....

[@nicknevco215]

like how he just drops of of this without looking at new information in a follow up video glad this channel is so unbiased

[@enoughothis]

Elon Musk desperately needs a better legal team. People who will sit on his chest to stop him doing or saying anything stupid.

[@diestormlie]

...Yeah, but I bet when they do that, he fires them.

[@Sizifus]

Or, you know, have a better brain...

[@ThatGuy-bz2in]

Lol, he has a god complex. I doubt there is a human being on this earth who could stop him from doing stupid things, let alone someone who works for him.

[@laurencebrown3822]

Sounds like we need to get the people who were in charge of Brittany Spear's conservatorship and put them in charge here.

[@enoughothis]

@@abigails4088, lawyers are just babysitters for adults. They clean up your messes, make sure you eat your vegetables and go to bed on time.

[@anticswithmydogz]

I love how comprehensive and researched these videos are even despite covering such recent and hot topics.

[@carolyntalbot947]

He's a tour de force, a consummate professional and a friend to the left. I love this man and I'm grateful to have him as a resource in the cesspool that is KZbin.

[@randomz5890]

You explained everything here really well, and in a way that is simultaneously educational but also fun and reports the most current news really clearly! I did not feel like anything went over my head, which is the mark of a great educational channel.

[@JamesKonzek-xr5zy]

Whilst high on Ketamine, Musk said he bought Twitter to save civilization! He's a modern day Bruce Wayne!

[@THESP-rz3hg]

"I think it's BS, and after I win in court THEN the evidence will be out" seems to be becoming a very popular courtroom tactic. Not very successful, but certainly high profile.

[@Justin_North]

Hey Legal Eagle, I just learned about jury nullification but only in the most broad sense. Do you think you could do a full video explaining the concept as well as why it should or should not be used?

[@TjPhysicist]

So basically, musk said "imma buy your company. First I need all your info" then pulls out after he got all the info. This is like the oldest scam in the book "I'll give you $50m if you give your bank account number"

[@crazyguy_1233]

He pulled out of the deal because Twitter didn't give him the info he asked to see.

[@tictactin504]

@@crazyguy_1233 Elons side says that but Twitter's side says that they did immediately share all of the information he asked for

[@andreahughes1155]

@@crazyguy_1233 Or so Musk claims. I can claim anything.

[@itsokaytobenormal3695]

They didn't give him all the info lol, why is this so hard for some people to understand?

[@notserious6458]

@@itsokaytobenormal3695 According to musk. Who’s proven time and time again to talk out of his ass

[@angsumanchakraborty]

Firehose API is realtime, does not include historical data

[@douglasjackson295]

Elon‘s due diligence was sloppier than most Wall Street bets DD.

[@loturzelrestaurant]

Best Elon-Coverage (-Roasts) ever, if you happen to be interested: Some More News and Adam-Something.