dude actually had an out but opted not to pay twitter $1 Billion to break the signed intent to purchase contract.
That was somewhat misreported at the time, he couldn't have just paid a billion and gotten out. They still could have sued him for breach of contract.
Elon Musk can't just walk away from his Twitter deal by paying a $1 billion breakup fee
Musk can't just walk away from buying Twitter, despite a $1 billion reverse break fee attached to the deal.www.cnbc.com
Breakingviews - Elon Musk’s X is a black hole of value
X is still worth something, but not for the people running it. Boss Linda Yaccarino is set to present her plans for the social network formerly known as Twitter to bankers holding nearly $13 billion of its debt, the Financial Times reported. Looming over talks is the likelihood that X’s value is...www.reuters.com
That doesn’t sound good
X (formerly Twitter) is looking to split its premium subscription service into three membership tiers, allowing the company to vary subscription pricing based on how many ads are shown to the user. According to Bloomberg’s source who attended a Thursday call with X and debt holders that helped Musk finance the acquisition, the company is currently testing Basic, Standard, and Plus variations of the existing premium plan, which currently starts at $8 per month. It remains unclear if a free version will continue to exist.
No pricing information has been announced for the new membership tiers. However, according to details previously discovered in the X app, the entry-level Basic plan will not reduce the number of ads that users see on the platform, while the Standard tier will show half as many ads — one of the benefits that premium subscribers currently enjoy. The top Plus premium offering will remove ads entirely and therefore presumably cost even more than the $8 / month or $84 / year charged today.
She’s a shytty person but if you got a lawsuit going you’d be dumb to say anything other than nice things in public about the person you’re going afterShe was just defending him the other day. Bozos all around
Sounds like he perjured himselfSEC sues Musk to testify in Twitter probe
The Securities and Exchange Commission (SEC) sued Elon Musk on Thursday in an effort to compel him to testify in its probe over Musk’s purchase of Twitter, the platform now known as X. The SE…thehill.com
Lol