Lone Skum is now suing the legal firm that forced him to honor his offer to buy Twitter,
According to documents submitted with Friday’s lawsuit, Twitter’s board and executives approved the $90 million payment because Wachtell Lipton and one of its lawyers, William Savitt, had succeeded in making Mr. Musk abide by his agreement to buy the company.
By approving the payment, Twitter’s former executives and board breached their fiduciary duty, the lawsuit said. Twitter’s board rushed to close the deal with Mr. Musk and did not act “prudently” or “on an informed basis,” the lawsuit said.
Wachtell Lipton was wired the bulk of the $90 million fee a mere 10 minutes before the deal closed in October, the lawsuit said. Within minutes of Wachtell Lipton’s receiving that transfer, Mr. Musk fired some of Twitter’s top executives, including its chief legal officer and general counsel, according to the suit.
"For the present this country is headed in directions which can only carry ruin to it and will create a situation here dangerous to world peace. With few exceptions, the men who are running this Government are of a mentality that you and I cannot understand. Some of them are psychopathic cases and would ordinarily be receiving treatment somewhere. Others are exalted and in a frame of mind that knows no reason."
- U.S. Ambassador to Germany, George Messersmith, June 1933
rofl, dude doesn't pay his fuckin rent and then wants to sue to claw back absolutely legal payments
how fuckin bad are their books looking right now? or is this just musk being bored and finding another petty vendetta to pursue
10/10 stuff, this is exactly the kind of behavior that continues to assure big dollar advertisers that Twitter is a stable, brand-safe platform to spend their money on and that it is operated by predictable, sensible leadership who don't take needless risks.
Looks like casual art/meme/shitpost will migrate over to threads, while Twitter will become a hotbed of political culture wars. i.e. the only person interested are conservatives and Elon sycophants who think liberalism is destroying the world. They'll feed their own doom and gloom feelings about the direction of the country, and many will probably go on to be violent insurrectionists and school shooters once they've doom and gloomed enough.
Overall the country (USA) and world are relatively "fine". I realize that's a short word for the state of the world, but there's not some apocalypse coming because of the "liberal agenda" like so many conservatives want to tell themselves.
“Terrible things are happening outside. Poor helpless people are being dragged out of their homes. Families are torn apart. Men, women, and children are separated. Children come home from school to find that their parents have disappeared.”
Diary of Anne Frank
January 13, 1943
People don't seem to realize that Twitter isn't actually that ubiquitous. It has about 300m MAUs while Instagram, which Threads is essentially a module of, has over 2b MAUs. Tiktok has about 1b. Reddit has 1.6b. YouTube has about 2.4b. Facebook has about 3b.
Twitter has not captured nearly as large of an audience as you might think, given how much attention it's given.
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So Threads becomes the new Twitter and Twitter becomes the new Parler.
Parler Shut Down by New Owner: ‘A Twitter Clone’ for Conservatives Is Not a ‘Viable Business’
Brilliant business strategies Elon is coming up with.
Last edited by Kathranis; 2023-07-08 at 08:48 AM.
Most of the people I know IRL are 'internet normies', so to speak. They don't use the internet for point scoring or discussing nerd shit. They have Facebook and Instagram and all they do is post pics of their holidays and family gatherings and make the occasional remark on a news story. The younger ones do Tiktok. None of them use Twitter AFAIK because the general impression is it's a place where political extremes go to argue with each other.
https://twitter.com/daveweigel/statu...vaeSFeXUQ&s=19"Elon Musk’s Tesla has joined Chinese automakers in pledging to enhance 'core socialist values' and compete fairly in the country’s car market after Beijing directed the industry to rein in a months-long price war."
A socialist you say? I'm for this, good for you Elon.
Now the story is Musk and other car manufacturers were squeezing out smaller companies with unfair business practices (cough capitalism).
Now the right wingers are going willd with Elon's embrace of socialist and China. Not the champion they think he is when it comes to making money.
Now as far as the socialism aspect it is pure bs. Even China here is taking a Big bite out of capitalism.
"Buh dah DEMS"
"Law and Order", lots of places have had that, Russia, North Korea, Saddam's Iraq.
Laws can be made to enforce order of cruelty and brutality.
Equality and Justice, that is how you have peace and a society that benefits all.
Man, I can't wait to see the sort of people filling out their job application after this one.
"It says here your previous job was representing Elon Musk? That's quite a haul. Which case did you take?"
"There was that time he signed a contract in public and bragged about it for months, then tried to back out of it."
"Oh...well, at least you kept him from facing any additional consequences from his actions."
"Um, no...he sued those lawyers, the ones that stopped him from breaking the contract before he got in worse trouble. I, erm, sued those lawyers because Musk thinks...lawyers...shouldn't be paid."
"...well, we'll call you. Would you mind turning on the shredder on the way out?"
Also, Wachtell Lipton took a job from a Trump-wannabe, from their client's point of view lost the case, and actually got paid. I hope other lawyers, especially those in Florida, are taking notes. Musk proves by the week he's a whiny little bitch, but he still pays his lawyers.
...kinda.
Technically, he's suing because he's arguing that paying Wachtell Lipton (the law firm that successfully forced Musk to honor the offer he'd made to Twitter) both its fees and a hefty last-minute bonus (if Wachtell Lipton managed to make Musk pay up) was irresponsible action by Twitter's former management team (whom Musk immediately fired after the deal closed), and that the bonus itself was illegitimate.
In reality, he's suing because he planned to stiff Wachtell Lipton as payback for making him buy Twitter at the price he'd offered to (he did successfully stiff some of the smaller players), but Wachtell Lipton and the former Twitter C-levels outmaneuvered him, and now he's all butt-hurt over it (and could probably really use the $90 million).
Last edited by ringpriest; 2023-07-08 at 01:52 PM.
"For the present this country is headed in directions which can only carry ruin to it and will create a situation here dangerous to world peace. With few exceptions, the men who are running this Government are of a mentality that you and I cannot understand. Some of them are psychopathic cases and would ordinarily be receiving treatment somewhere. Others are exalted and in a frame of mind that knows no reason."
- U.S. Ambassador to Germany, George Messersmith, June 1933
I recall reading that the number of active users on Twitter, as of May 2023, has gone down to around 230M from a peak of just under 400M. No wonder their ad revenue kept going down.
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Twitter old board hired a law firm to force Musk to honor his bid to buy twitter. The fee was 16M (time and materials) + 84.3M agreed upon success bonus. The old board figured what the heck, "not my money." The fee was paid before the takeover was completed. Now Musk wants the money back.
Yep. Totally bizarre.
How about his dick measuring contest?
https://www.youtube.com/watch?v=bKGm5pp266E
RDC predicted this.
Monday September 4th, 2023.
That's Labor Day in the US.
YOU can watch Musk VS Zuck. LIVE!
$69.99 for this MULTI-HOUR EXTRAVAGANZA!
WATCH the prematch prep.
TRAVEL WITH THEM, virtually, to the fight location.
SEE how they focus as they get ready to RUMBLE!
2 men in the BATTLE OF THEIR LIVES!
Stay tuned for the post match interviews if feasable.
Event and location sponsored by Oceangate.
I want to watch Zuck ground and pound Elon's face into paste. It's a real shame he's too much of a pussy to actually step into the ring.