Who can troll harder?
, my impression, on the first read, was that someone really had a lot of fun putting it together, not least because the screenshot of Musk’s poop tweet got included:I love a good lawsuit. Can Twitter win? “He signed a contract, it says what it says,” says, the chair of securities litigation at Lowenstein Sandler, after he finishes laughing at my exasperation.
In fact, Delaware’s Chancery Court, which is widely used by businesses, tends to be fairly unsympathetic to buyer’s remorse, Redburn says. There’s one high-profile case where a buyer successfully got out of a transaction — and it was because of fraud.
This is kind of different from a half-baked assertion that Twitter’s accounting for inauthentic activity is wrong. Musk’s transparently bad-faith rationale for getting out of the deal with Twitter is that there are too many spambots, and the company won’t give him the data he needs to determine exactly how many there are.. Even if that is true — and I have no reason to believe it is — Musk’s team still has to demonstrate that it matters in some material way to the business.
Twitter has to remain committed to the bit of being purchased by Musk to get any kind of consolation prize “If you take the antics out of it, this is not an atypical kind of lawsuit,” Redburn says. “We’ve seen a fair amount of this over the last few years.” During the pandemic, for instance, private equity firm Kohlberg & Company tried to
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