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I think its more that Twitter is like this big beautiful home from the outside and once you get inside you find its completely destroyed with fire damage, floors are dirt, plumbing and electrical have been stripped out, and the local crack heads have been living there. If twitter is lying about its value and user base that would significantly affect the value of the company. Doubt he is trying to get out of it, but more just trying to get the company at its more realistic value.
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When you buy a house there is typically a period of time the buyer can have an inspection.
Major purchases, like of Twitter, often have several points which must be confirmed within a specific timeframe. The number of actual Twitter users could well be a deal point. In fact, I would be shocked if it wasn’t. So no, adjusting a final purchase price is not at all by definition trying to get out of a deal.
If this was a public company buying another company, it would be fiscally irresponsible for the purchasing company not to complete, after an initial offer or purchase LOI/MOU is provided, a thorough review of the books, equipment, and customer data.
I don’t know Elon’s intentions, but to act like it is not extremely common (maybe even nearly every time) for there not to be adjustments made on an initial offer for a multi-billion dollar company acquisition is incorrect.
Major purchases, like of Twitter, often have several points which must be confirmed within a specific timeframe. The number of actual Twitter users could well be a deal point. In fact, I would be shocked if it wasn’t. So no, adjusting a final purchase price is not at all by definition trying to get out of a deal.
If this was a public company buying another company, it would be fiscally irresponsible for the purchasing company not to complete, after an initial offer or purchase LOI/MOU is provided, a thorough review of the books, equipment, and customer data.
I don’t know Elon’s intentions, but to act like it is not extremely common (maybe even nearly every time) for there not to be adjustments made on an initial offer for a multi-billion dollar company acquisition is incorrect.
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Musk is just in a free fall lately. Employees at SpaceX wrote an open letter criticizing Elon's recent behavior and he fires them the next day. This is like how to start a company-wide revolt 101.
https://www.reuters.com/technology/...ng-musk-nyt-2022-06-17/?utm_source=reddit.com
https://www.reuters.com/technology/...ng-musk-nyt-2022-06-17/?utm_source=reddit.com
Are there a lot of private companies that are okay with employees bullying and intimidating others? And distributing demands for the company to separate itself from its founder and chief engineer?
Seems like how to start a company-wide revolt 201 is by allowing bullying to continue. SpaceX reportedly has a zero tolerance policy on employee harassment. Seems like HR followed written policies and the 5 fired employees violated the policies.
Seems like how to start a company-wide revolt 201 is by allowing bullying to continue. SpaceX reportedly has a zero tolerance policy on employee harassment. Seems like HR followed written policies and the 5 fired employees violated the policies.
It seems incredibly understandable to me that private companies are enforcing policies to protect bullying and harassment of other employees in this day and age. Surprised others feel differently.
And unclear what you mean about Musk being in a free fall --- are you referring to the dip in stock price for Tesla?
And unclear what you mean about Musk being in a free fall --- are you referring to the dip in stock price for Tesla?
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How were they bullied and harassed? Did someone receive an email asking for their signature more than once? It feels more like Musk pretending to care for his employees as a cover for him not being able to handle criticism, which he's made himself a big target for lately.
I'm sure there's a pro-Elon and not-so-pro-Elon camp inside Tesla and SpaceX right now. I would imagine this will add to the rift. But mainly it's just more bad PR on top of bad PR lately for Musk.
I'm sure there's a pro-Elon and not-so-pro-Elon camp inside Tesla and SpaceX right now. I would imagine this will add to the rift. But mainly it's just more bad PR on top of bad PR lately for Musk.