Elon Musk Already Regrets Buying Twitter (& Is Suing)
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Elon Musk already regrets buying Twitter and it’s no wonder why. According to himself, Twitter’s valuation has over halved and public distaste for the platform is larger than ever. For most of you, this probably isn’t surprising but what may be surprising is that Elon is trying to sue the law firm that forced him to close the deal for Twitter. More specifically, Elon wants a refund on much of the $90 million that the law firm paid in order to help complete the acquisition. From Elon’s perspective, this $90 million is a ludicrous fee and he’s definitely right given that many of the invoices from the law firm didn’t even have correct billing hours and that much of the $90 million was a success fee that was never even initially agreed upon. Twitter’s own executive team was stunned by the bill before they handed over the company to Elon but they decided to pay it anyway likely to spite Elon. But, just because the $90 million may have been a ridiculous fee doesn’t mean that Elon will actually get a refund. This video explains Elon Musk’s lawsuit against Twitter’s former lawyer and his pursuit to get a $90 million refund.
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Timestamps:
0:00 - Regret
1:55 - The Case For Elon
5:38 - The Case Against Elon
9:08 - The Fate Of Twitter
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I once overpaid for a Snickers chocolate bar...I know how Elon is feeling.
How's the lawsuit going?
@@realmdarkness messy
💀
🙈🤣👏
Did you take out all the chocolate and replace it with cat manure?
It's good to know rich people don't just steal from poor people, they also try to steal from other rich people as well
😂
what does it mean with steal?
most of them just evade taxes lol )
@@stefanrer1037okay, i think higher taxes means less economic development, means less supply for goods and services, means higher price for goods and services, means more poverty. we live in real world with real problems. once again, what does it mean with steal?
They do this all the time, specially Musk that often do criticism about other rich people, not for the real business motives, but trying to attack the public image of rivals.
The most expansive panic buying in history 🤣
Elon felt FOMO
I guess it is karma for pumping DOGE and Gamestop at the height of the 2021 madness. Whatever his intention was, a lot of individual investors got burned because of him.
@@yuriyroman7132
Nope mr.Elon
Belongs to the people of gog
Not the satanic
So they want to destroy him
Financially
Guess Elon didn't know the Art of the Deal😅
It wasn't so much a panic buying as it was a bragging buying. Elon Musk bragged that he could easily buy Twitter and his followers drooled at the thought alone and begged him to do it. That flattered Musk's gigantic ego and he made an offer that Twitter immediately accepted. That should have been a red light to any sane buyer, but I guess genius Musk's red light was broken that day, so the idiot signed the agreement Twitter immediately sent his way. And then some sanity returned and Musk realised what he'd done and he wanted to back out of the deal, but Twitter had the genius' signature under the agreement and held him to it.
I guess you must be a true genius to be so stupid that instead of signing a preliminary agreement and do some research, Musk signed the final agreement and only then started to do some research.
I work in services pricing. 400 hours per week means that 10 lawyers were working full time on a M&A case involving billions of dollars in assets over the time it was in negotiation. That is not unreasonable in the least. Furthermore, legal fees are often the burden of the losing party. Elon has NO case here, but it sure will be fun to watch these same people hand his ass to him 2 times in the span of a year.
There’s a simple lesson here:
Play stupid games, win stupid prizes.
I think every lawyer who was working on it would have had to work 400 hours a week. Not 400 hours total.
Lmfao, yes he's indeed gotten to the "finding out" portion of the experiment.
@@viewtifuljon8105 What? No, they billed for 400 hours of total labor per week. 400 hours per week per lawyer makes no sense.
I think he deserves it. If he wasn't trying to brag like "should I buy it guys?" none of this would've happened.
😂😂😂
Thats stupid, if you brag you were gonna buy a 200k Lambo and they force you to buy it for 400k you would probably be fucking pissed
Elon made big mistake of slashing the staff which were working on key features. Problem was investors weren't focused on profitability, they wanted growth.
When Elon slashed to focus on profitability it meant the company is just another media company with terrible profit margin which meant its valuation is lucky to even hit 10 bill if it went public..
You mean how elon slashed most of his workforce just months before google, Microsoft and several other big tech firms did the same?? How he trimmed the fat and was still able to keep twitter running with the amount of people he deemed necessary? Wow.....
Emperor Elon has no clothes.
When you make a clown the CEO you get a full blown circus.
Just look at tRump
The only man who can get him refund is
Better call Saul.
Nah, not our Jimmy!!
Elon wanted to flex for his supporters and it backfired horribly.
Common theme
>his supporters
He isn't a politician, he's the richest man in the world. His whole point in his investments is that he buys whatever the fuck he wants to, he doesn't have "supporters", he simply sells products and services. Using anything from a company he has isn't being a "supporter"
@@user-xl5kd6il6cYou're clearly a supporter lol
@@EdwardHohenheim Agreed. He did it to pander to his right wing supporters. To "own the libs". Hope it was worth it Musk.
@@user-xl5kd6il6c It's people like you who make him the richest in the world. The rest of us are staying clear having known what a mess this would turn into from just watching Elon the last ten years. He will have to liquidate more Tesla stock for these misadventures, and you probably own stock, so there goes some more of your money.
This has been the wildest example of the Dunning Kruger effect I think I’ll ever see. Musk really thought that he could run twitter because he was it’s most popular troll despite having no experience in that field. I’m also curious what the company will be worth in another year with the rebrand.
$0
Nothing! It's going to be nothing but a cautionary tale for the ages!! Hubris can be quite costly apparently!
Threads and Meta is probably currently rolling in cash rn
Elon proved he is not the Genius some people think he is.
Einstein made mistakes too so what's your point?
Even einstein was wrong, he thought atomic bombs were imposible, everyone can fucked up
It simply means that he is not an expert at everything.
@@Wigalotat least einstein admits his mistakes, but elon doesn't.
@@FenceAKAGlasnost yeah he did though?
Elon Musk is a living example of why you should never build companies on likes and dislikes.
Or an example of how all the money in the world can't buy respect or common sense
He didnt build twitter though he just bought it
What do you know about building companies? He has accomplished SpaceX when everyone else does not believe in him. Stop acting like you know the way ahead like you know the rules.
@@ratanaksenasam2879 spacex had nothing but net losses until they started price gouging the Ukrainians when Russia invaded. I wouldn’t really consider war profiteering an “accomplishment” but to each their own ig
He has never built a company. He has only ever bought companies
The 90 million was actually a bonus The Twitter execs threw the law firm for a job well done.
Yep, basically the contract went from hourly to performance/success based. I like this channel *but* LegalEagle's channel did a far better job covering this issue.
@@MichaelDeHaven Agreed
Exactly, a better way to look at this is:
Lets say you have a company with $1500 in the bank. You hire your mate to represent the company, he agrees to work for an hourly fee.
A week before the deal is finalized your friend invoices you for $150 for hours worked.
Then 10 minutes before you hand the keys over to the new owner, you decide to pay your friend $900 as a bonus, thus leaving only $450 in the bank account instead of $1350
This has no impact on shareholders, as the buyer was unaware of the $900 bonus - it was not part of the original agreement when you hired your friend. It does however impact the buyer as when you handed over the keys the bank account is part of that.
It would be like selling someone a car, they take it for a test drive and right before you hand over the keys you remove the tyres, stereo and seats.
My bet is the law firm will settle (ie it'll go in Musk's favour) but had the success fee been part of the original agreement. It would set a bad precedent for future acquisitions if a judge ruled in the law firm's favour - it'd open the door for every other law firm to do the same going forward.
They got greedy just like the execs.
@@sirtra
Not really, the law firm decided on a price that was based on the value of the lawsuit.
This is very common practice when dealing with large sums of money.
If you pay a high hourly wage then the company can just scam you by working more hours than needed.
If they had no clue about how much they had to pay then that is pure stupidity.
Elon Musk was just dumb enough to get him self in to this mess in the first place.
He shouldn't have been lying to the Twitter board like that.
His idiocy comes with consequences.
@@MegaBanne you haven't watched the legal eagle video yet have you?
Oh wait, where are my manners. Please continue you were saying something that guy living rent free in your head? Watching the video can wait, I'm all ears.. vent away! 🤗
Suing the firm of amazing lawyers that compelled him to buy twitter. It's a bold strategy Cotton
Let's see if pays off!😉
♥️
The process is the punishment.
wealthiest, idiot and stupid luck it boil down to,
He genuinely thinks that wealth can buy him everything. Now we will see a bunch of really competent lawyers prove him wrong.
If I remember correctly, Elon had a 1bn penalty as an out to cancel the deal.
He chose to lose 22bn (and counting) instead.
4chan 2.0 🚀 🤡
@BurgleBoyI bet you dont even know what qanon even is.... Lemme guess, you are just repeating words...
@BurgleBoy That basically doesnt change anything.
In the end, you are just mindlessly repeating narratives.
In reality, Twitter has been on life support to influence people like you and the same people are now trying to sell you how Twitter is crashing, meanwhile the daily interactions are up.
Which is clear, disagreement creates more arguing, tus more interactions (look at our interaction right now).
@@hallarious506 youre getting butthurt on a number of threads haha
@@robertmccormack1208 Not really no. Correcting lies is not butthurt.
But you might have a different definition than I do.
I dont even know what I could get butthurt about.
Elon Musk never fails in entertainment to the internet for sure the past few months.
Watching Elon mismanage Twitter is like watching a slow moving car crash. Absolutely horrific but you cannot take your eyes off of it.
What exactly is a.... "slow moving car crash"? 😂
@@carpo719 i think he meanst a slow motion catastrophic car crash
And then it morphed into X, cloning all WeChat's abilities and £400+ billions start to flood in . All the haters start to become slow burns while crashing in tears
Bruh. And the recent X stuff is mind blowing
There is no way he didn't want to kill It from the very start
People hyped him up and it got into his head , which made him go on an ego trip to overpay for Twitter. Oh well, good luck Elon
Hit the nail on the head
Elon's whole life has been him letting things get to his head.
“Shareholder's best interest”, is going to destroy humanity.
CEO's 1st, share holders 2nd . . . . . 999/1000th customers and workers.
He destroyed it tho 💀, now it’s called X
Yeah, not sure why he would ditch such a recognizable brand name
@@LogicallyAnswered
I’d say 1. making it his own, and 2. trying to get back that lost cash by allowing users to create content strictly to bring in revenue while keeping it afloat with the new updates he’s pushing.
@@LogicallyAnswered prob wants a fresh start, why not change the company name too though
Keith Olbermann says we should start referring to a tweet as a xeet. Works for me; i don't post on the thing anyway and never have.
Elon Musk of Twitter XXX is going through an existential crisis. Let him be. He'll disfigure out.
I'm glad I didnt make a 44 billion impulse purchase like Elon. Makes me feel better about the game I bought yesterday.
To be fair, he did the world a favor.
exactly, its not like financially twitter is doing good before Elon took over. They could be in the same financial mesa the only difference is that, it got rid of the bias and censorship against conservatives or anything opposed to the wokes. The wokes just didnt like it because they knew what was about to come if Elon takes over, their days of feasting on their left wing politics is over. That is why a lot of these wokes already gives an opnion on how bad twitter even though Elon has not yet been given enough time to do soke changes, salty woke AF
By spending huge amount of money😅
@@remoon74Sometimes sacrifices need to be made for the greater good.
If he did world a favor he would burn more money until he himself went bankrupt and kicked out from Billionaire club.
@@That_One_Guy... Funny... That would mean you support Billionaire club?
By now I'm pretty sure Elon doesn't even care about money any more, he just wants the most exciting biopic movie of all time for him... and I guess he's on a pretty good way for that.
MBA textbooks are going to love this fiasco as a case study for decades to come.
My classmates did a project on it last semester as an example of bad leadership lol
It's the Same MBA Textbooks which did not help him become such a successful owner of Tesla and SpaceX. He did it all himself.
@@Evanrhollowayyou and your classmates shouldnt be so gullible and believe everything you hear.
Your school should teach you that.
@@hallarious506you should be his teacher then
@@mayankZed How you know?
He needs to take responsibility
He's a man child. Won't happen
responsibility for what?
@@user-xl5kd6il6cBuying it and ruining it. Quit blaming lawyers and employees who are just doing their jobs better than him
@@user-xl5kd6il6cdo you even have to ask???
I already get angry when i see a product raised in price and bought it while the next store has still the old price
It always come down to the shareholders, if the company doesn't act in their best interest then they could be forcefully replaced.
Elon is hilarious. My man thinks its a good and sensible idea to try and sue.... A LAW FIRM. The same law firm that kicked his ass the first time 😆🤣🤣 "How many times do we have to teach you this lesson old man!"
Good luck buddy!
I don't feel bad for him, he has billions and did properly understand what he was getting himself into.
As usual Hari right on top of the latest. Thank you!
Yes, agreed, Twitter did the right thing for the shareholders.
I once impulse bought a 40$ “Luxury Pen”. So I understand.
Basically Elon lost billions for being a internet troll, he was trolling twitter and not fact checking his claims (trolling 101), the people usually who do this usually have nothing to lose , he did!
Hearing the words "Bad Faith" in relation to the execs just made me laugh. Every part of Musk's takeover and subsequent ruining of Twitter was bad faith.
He was upset that a left-leaning corporation was successfully filtering out hate speech, conspiracy theories, and other far-right nonsense; and decided to leverage his wealth to destroy it.
That's a textbook example of bad faith capitalism.
While I don't agree that Twitter is some leftist Utopia, in fact like any social media it thrives on popular gossip much like any other social network.
I have no doubt that what you mentioned is *exactly* what he thought it was. 😅
Elon is me when i realized that the bag of chips I bought was actually cheaper at the supermarket
Your delivery is perfect. You actually made a very good case for both sides.
Elon could have made a better App for a Fraction of the amount paid to acquire twitter
WTF Sherlock. It's obvious to everybody, but creating a better app not enought.
Elon doesn't know anything about building social media
That is exactly what Threads was and literally nobody is using it now. He bought the network, not the app.
Should have gone with Gab
Or, you can just buy the competitor, take its existing userbase, add new features to it, and rebrand it?
For me this is a smart yet unfair move.
Sometimes I feel like since he regrets buying Twitter he is purposes trying to destroy it for some reason.
Why? that would make no sense, if you bought a chocolate bar only to realize it’s actually melted you wouldn’t throw it away in anger, you would make the most out of it by eating it either ways or maybe you would try and freeze it, but you wouldn’t outright throw it away, same goes for an investment, if he already spent such a ridiculous amount of money why would he want to lose even more by devaluating the company, am just genuinely curious how you could even think something like that
@@Just_Ponchotop tier sarcasm.
And now with the rebranding nobody can say he's destroying Twitter because he's destroying X instead.
Hearing Elon might loose even more money is just so satisfying
I wonder if he'll finally decide to pay his rent and hosting services that he's ignored since the takeover. It's unbelievable that the richest person doesn't pay his bills.
He will be forced to. Eventually his company will be taken over and the bills and penalties will be paid. Musk will have to take it.
Remember when he regretted it before he paid for it? It’s never been a good idea
This
This simply shows that a person cannot be good at everything.
Well done to Twitter's former execs for hoodwinking Musk.
This is a really good topic and video . Like it. Sorry if I was late I went outside and now it’s my bedtime
Elon right now: Hold on let me X this
Terrible move to change the name, considering it even was a verb!
Wait!?! There's a dab emoji 😮
@@theamazingmarlbito6293 it's a covid emoji
@@theamazingmarlbito6293*IKR?!*
If I had more money than I could spend in a hundred lifetimes I would probably also consider buying crappy companies that I thought were making it more likely humanity would end up with the bad ending (mad Max) instead of the good ending (Star Trek)
I overpaid 4k for Tesla before these price cuts. I know how Elon must be feeling.
He already said he doesn’t care about losing money. He wants to restore free speech.
Lol he wanted to save free speech so he made it a paid app lol
I wish he would take a more hardline stance on upholding free speech rather than flip flopping around on government demands, also his new CEO doesn't inspire hope.
But he's mostly been fairly true to it.
@@zolarczakl6815 agreed! He had banned a few controversial pages already and I think he’s showing to be a hypocrite so far. We’ll see.
Elons a reminder that anyone can become rich providing their dad owned an emerald mine.
Yup. Not to mention the government grants he got. When you have such a strong headstart, it's hard to screw up.
@@leonrobinson8180 but he did screw up)
And can fool millions with a stolen, outated concept that was the hyper loop lmao. Who would have thought that keeping miles of vacuumed tube and firing humans through it at high velocity was a terrible idea???
he made his money from selling his part in paypal
@@admiralkaede he literally invested in PayPal using emerald mine money. He’s never invented anything, just leaching on the back of better people using his wealth and then forcing them out and forcing NDAs on them using his hereditary wealth. You can say he’s the best investor in the world and I’d agree. But as an inventor or innovator he’s non existent. The problem is with all his money, he now makes decision on innovation direction which he’s clueless on.
"Already regrets" is a fun way of putting it, when he had to be forced to buy it after agreeing to buy it.
Had he launched his own application similar to threads, he would have created a lot more value for himself!
1, would not be blamed for bringing back banned accounts
2. gotten way more advertisers, due to his earlier rep of building great buisnesses,
4, could build the architecture, from ground up for everything app.
Except no one would use it, just like all of the other clones (e.g. GETTR, Truth, Parler, Mastodon). Threads only had users (briefly?) because of the IG cross-promo. He paid billions of dollars for a bunch of users who habitually log in to a particular site/app, not for the application itself.
Are people really mad that he unbanned some accounts? Lol. That didn't even change my censorship litmus test at the time because TFM was never unbanned for his crime of photoshopping a smile onto Captain Marvel's face.
You think he cares about being blamed for bringing back banned account on a company he owns 😂
Might’ve been hard to get same user base scale though
@@LogicallyAnswered even 1/4th would be more than enough, everything app would be a great pull later on!
@@tracksgalore no one should but reputation certainly is hit, see what happened with kanye, banned again
Great Video!!
How about that Elon doesn't have the money to pay 😂
Elon wanting a refund for Twitter is the equivalent of someone buying a brand new vehicle, mangling it irreparably in a demolition derby, and then demanding a full refund from the dealership.
On second thought, equivocating even pre-Musk Twitter to a "new vehicle" is a tad too generous: It was more like some old model with 150k miles on it and a CarFax that reads like a history textbook, but the analogy still works.
More like a Greyhound that traveled 2Mmiles across half the country hijacked from a heist. So Musk installs new engine , reroute to X
those onboard did not buy that destination.
The 'ole car dealership metaphor. It's a useful one. Everybody knows the rules of that game. Not so when it comes to your furnace or a/c not working at midnight on a Saturday and you think I should come out and fix it for free right now dammit!
@@FatherOfGray Twitter was worth more after 15 years than new, it was making profit two out of the last five years, and it will probably never do that again.
Oh, it's much stupider than that. He's asking for a refund of legal fees that (now his) company (twitter) had to pay it's law firm to force Elon to buy twitter as he promised, when he wanted to pull out of the deal after he already signed a contract. This is MINDBLOWINGLY stupid!
It's never not going to be freaking weird that so many people use his first name like this.
Imagine if it was any other celeb or well known person.
"I love Clint's movies! He's such a good actor!"
"Donald or Joe for President?"
"Chris was absolutely the best casting choice for Thor."
See how freaking WEIRD it is? You don't "know" Elon Musk. Either Musk, or Elon Musk, would be how to refer to him without it sounding strange.
Twitter depreciated faster than my M4 :P
The whole situation is honestly unbelievable haha
Calling it "X" will probably solve that problem 😂
Might be a sign of x him out
awesome pun 🤣
Karen wants to talk to the manager, then imagine spiderman pointing at spiderman meme 😂
If I understand correctly, the market value of Twitter was half of the 44Bn he paid for AT THE TIME THAT HE BOUGHT IT. 😀 So yeah. not exactly the golden boy.
lol, no, not even close
The market price was very close to the price per share he targeted, otherwise people that owned shares would double their money
You clearly have no basic understanding on what you are commenting on
@@user-xl5kd6il6c the market value of Twitter would likely have been $22bn if he hasn't agreed to pay $44bn for it.
The market price is what someone is willing to pay. The fact that Musk was being forced to pay $44bn doesn't mean the underlying value was $44bn, which is why he no longer wanted to buy at that price.
He overpaid by 2x. You don't understand what the comment is trying to say.
Without the offer the share price would have reduced. Elon being locked into a high price is why the share price was high.
@@user-xl5kd6il6c @user-xl5kd6il6c hence "if I understand it correctly". Apparently, what I meant was actual value. Bottom line, he overpayed. You clearly have no idea what my point was.
It was listed and as mentioned in the video valued at $30 Billion. It had dropped to around $15 Billion in value, before he destroyed most of what was left with X.
1:30 According to Devon's (Legal Eagle) video, that amount is *not* exorbitant, but is in-line with the size of the deal, when compared with mergers and sales generally. It sounds expensive to outsiders: that's not the same thing. And 0,09 billion out of 44.00 billion is like half of a percent.
You shouldnt listen to legal eagle. I have yet to witness one thing he was ever right about.
Do you remember that whole "I am suing the government!"?
Yeah, I member.
@@hallarious506 so you're a lawyer as well?
@@FenceAKAGlasnost Why do I need to be a lawyer to state that he was wronf?
If someone says A and B happens, only lawyers are allowed to point it out? Thats a weird worldview.
But again: How did this whole big sueing the government went? I mean, "it is happening!". "He os doing it!". He read one book and then sued. XD
Surely Must sue both Twitter executives and lawyers.
Only Harshad Mehta whould have known the real value of Twitter
People were once joking about Elon helping to destroy twitter. It actually came true.
They weren't joking. He's actually incompetent.
And this is just another of the many examples that show that Elon Musk IS NOT THE GENIUS he likes the world to believe he is.
Elon isn't fit to run twitter... he isn't even fit to run tesla...
I was wondering the last months and weeks why so many popular wrestlers as example had (gotten) their Twitter accounts deleted. Maybe this was already a sign of a downfall.
Man to have been one of the lawyers on the trade deal.
Big pay day 💰
They removed 90m of value from twitter 10min before the transfer of value...they should pay it back, if you sell someone a bag of fruit and just before you hand it over you can't let someone else reach into that bag and take some of that fruit you sold and was about to hand over.
When you're buying a whole company, you're buying also the debts.
If the apples are rotten, it's on you to do your dd and make sure you're not getting fleeced
@@SP-df1nm He did his DD it's why he first wanted to go back on the deal, number of users was fake, and on top of that you can hardly expect someone to keep doing DD every second of the transfer of value.
The value that an item had when the deal was agreed to is the value that must be transfered, the old board has no rights to use up that value after the price has been agreed to.
Look at it this way you buy a company that own 10 patents and 10min before the transfer of the ownership, the old board transfers all patents/value to someone else, it's not the company that you agreed to buy anymore it doesn't have the same value, there are not the same numbers of apples in the bag anymore.
Imo he all the rights to get the value of what he bought when the deal vas agreed to, since the price was based on the value it has at that time, not 10min before the transfer, they changed the value of what he bought, they need to sit down and talk about what the new price is if he still wants to buy it after they devalued the product they sold him, it was up the the board to make sure what they sold is what they transfered and put a stop on all spendings to make sure it was.
The product that they sold wasn't theirs to do with as they wanted as soon as they agreed to the sale, it was his, the only job they had was to make sure he got every cent of value transfered to him with nothing missing after the agreement.
@@SP-df1nm Except when board members put the hand on the jar and steal from shareholders, which is what happened here and why he is suing
If I'm not mistaken, it's not so unusual for law firms to get a success fee and if that one is based on how much money is fought over, then the 90 mill are still not even a one percent success fee. And well.... That's just how it is then....
The technical term is "ya broke it, ya bought it".
Lost 22 billion but is still the wealthiest man on forbes
Dumbest*
Yes sir!
And Elizabeth Holmes was worth 4.5billion she’s at zero now
Lost $22bn in share prices. The markets are up and down and his 'net worth' can fluctuate by billions on a weekly basis.
His bank account didnt lose $22bn
china president is welathier. its why elon kisses his ass.
valuing a company at half of what you bought it for sounds like a strategic move
What do you mean?
no it doesn't.
Bruh
It would be interesting to know the details of his obligations to his financiers/shareholders in relation to your statement.
Very detailed and well done presentation my friend. Elon had it coming
It's as disastrous as Rupert Murdoch's takeover of MySpace!
Can anyone name one good thing Elon have done for Twitter since he bought it?
Yes, destroyed it
He had promoted freedom of speech
He has not promotef free speech. Only speech he likes, everyone else gets banned.
This Twitter investment could very possibly be the beginning of the end for Elon. So many blunders in such a short time
In the end he’s going make more money than what he paid for it
He’s still too rich. Not even a 10% dent in his net worth
It will also blemish his standing with his Tesla supporters who is mostly left leaning
Thus is the start. All of his wealth is from 2 of the most inflated stocks, space x and tesla.
Even if he loses 99% of his wealth, he would be still richer than almost everyone
The best deal for the shareholders, not twitter.
Bro's comin back for a rematch 🤣
There are no heroes in this story. But there is a winner: You, knowing that both Twitter/X and Elon are suffering.
Imagine being rich enough to make a 44 billion dollar oopsie and you're still not even broke.
not broke YET!
😂they hired Harvey specter 😅
While I am a Elon Musk fan, nobody forced him to make that tweet
I'll pray for you 🙏
When I’m stepping on ants, I’ll think about you 🙏
@@notdiwash CNN told that to you? XD "Rocket man bad because he created a platform where free speech allowed" - Every NPC
I have my doubts about the executives doing everything in the interest if the shareholders. If they cared that much about the shareholders, twitter would have been profitable long ago. Yet the company had so many useless employees, that Musk firing about half of them, actually caused the company to break even.
That's exactly Elon's point that he is suing them on
Are they useless, if he now sues many of them, because of "anti-compete" clauses? Then there value was, to not work for other companies
And if software is managed good, it should break fast after the persons leave, but it should take time, how much depending on how much changes and so on.
Also a part of the fired were there, because of regulation, which are broken now
making companies profitable is not as simple as deciding so otherwise all companies would do it, plus with big tech most of them has the grow rapidly then worry about profitability later model, Twitter firing a lot of the staff had had repercussions, the algorithm is worse and bugs are a commonplace experience now
@@marksilla8276 Twitter has barely grown at all. I'm pretty sure they had a staggered board system as well, meaning it would be very hard for the board to be fired prior to Elon's takeover. So they likely went about their own interests. Yeah, twitter is having its issues now, but there was still far too many employees there contributing barely anything before they were fired. Meta has always been really profitable and I don't think twitter ever did much to compete.
no one forced the idiot to wayyyyy over pay for that dumpster fire of a company. a stupid twitter flex gone wrong.
Y’all need to edit the title with the name X lol
Hahaha, I wouldn’t make the same mistake as Elon and bet on an unknown name over a household name :)
I've said this from the get go, who would in their right minds would pay $44 billion for a pervert app? 😁
Regardless of anything else, forcing him to purchase the company as agreed was the right thing to do.
No one should ever be able to use contracts as "free" call options (lawyer fees nothwithstanding).
Business man of our generation, absolutely flawless execution so far LUL
This feels like someone pointing a gun at Tony Stark
Elon wants to speak to the manager of the law
I think he regrets destroying twitter with horrible business decisions , because twitter was just fine before Elon came along lol
When you are that wealthy, the losses will just offset his tax liabilities.
I'm no expert, but 400/hrs per week don't seem that hard to justify to me. That's 10 lawyers at 40 hrs/week, OR 5 lawyers for 60 hrs/week paying overtime at a 2x multiple
This gave auto manufacturers another moment another chance to get their act together. Thankfully many people benefitted by Elon giving $44 Billion for Twitter - while Elon turned his attention away from Tesla for 3 years, 3 years the Roadster, Truck, Semi-Truck all were delayed. So Elon's diversion of focus helped everyone but Tesla Stockholders. But that's ok too.
He's not the visionary that his fanatics make it out to be. He's a class-A egomaniac who has taken credit for work done by others. Now that he's actually running a firm, you can see his "vision".
The smartest thing that should be on everyone's mind right now should be to invest in different streams of income that are not dependent on the government. Especially with the current economic crisis around the world. This is still a good time to invest in gold, silver, and digital currencies (BTC ETH...).
Despite the economic downturn, I'm so happy I have been earning $ 70,000 returns from my $15,000 investment every 14 days..
@@poltikhabar2790How? Am a newbie in crypto investment. Please can guide me through how you made it.
Wow, I'm just shocked you mentioned and recommended Expert Mrs Lori Jean's services. i thought people didn't know her. She’s really awesome
I've seen reviews about her on Bloomberg news, How can someone reach out to Lori ?!!!
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade.
Usually, rich dudes just blow their money on some professional sports team so they can hang with the jocks in some kind of perverse wish fulfillment. E-Lawn just burns his. Literally.
I think you need to change your smoke alarm battery?
😆. This is what happens when you get wealth you did not earn.
He earns every single dollar. Right back to X payments days.
@@philliplhunter Go read the real history of Elon Musk yourself with an open mind. If you cannot or will not; I cannot help someone like you.
He did earn it though
Damn, don't be so harsh on the diversity hires of twitter, I know they were half the company doing nothing, but they are a different race so they need the gibs
@@user-xl5kd6il6c I will keep your words in comments are up for vote.
Let's be honest here, Twitter really mainly ended up in the state it is in is because of Elon Musk's own fault.
i doubt his actions caused any significant change in value
did you not watch the video? he specifically said that twitter was already going down before he bought it.
@@chickensauce85 And you think Musk accelerating it is somehow better?
@@soujemn5 Twitter lost a ton of value with Elon Musk's moves. Yes, he definitely significantly affected it.
@@cttommy73 what value? the audience was still there and user engagement increased.