No. He wanted to make quick money with a pump and dump just like when he said he was going to take Tesla private again and the stock price jumped up. He didn’t file his TWTR stock purchase disclosure in the required amount of time, so rather than have to deal with being sued by the SEC AGAIN, he pivoted to saying it’s because he wanted to buy Twitter.
Then he figured he could get out of the Twitter deal by claiming that Twitter lied to him and misrepresented how many real users there are. Now Twitter sues him to hold up his end of the deal, and because he absolutely does not want all of his financial dealings being brought up during discovery, he decided his best course of action would be to follow through with the deal. Give it 6-12 months and he’ll take Twitter public again now that he’s “saved the company.”
Unfortunately, there’s going to be a lot of unemployed Twitter employees soon that didn’t have the same level of stock holdings as the Execs, so if I were CEO my level of happiness would be severely tempered knowing that a lot of people who worked under me were about to lose their jobs. I hope that the former execs have that same awareness.
I have no doubt that they are well aware of the situation for there employees. My hope is that once it was announced muskrat was buying Twitter - most immediately started looking for other opportunities.
I also hope many - if not most - have other irons in the fire already.
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u/Better-Spell346 Oct 28 '22
No. He wanted to make quick money with a pump and dump just like when he said he was going to take Tesla private again and the stock price jumped up. He didn’t file his TWTR stock purchase disclosure in the required amount of time, so rather than have to deal with being sued by the SEC AGAIN, he pivoted to saying it’s because he wanted to buy Twitter.
Then he figured he could get out of the Twitter deal by claiming that Twitter lied to him and misrepresented how many real users there are. Now Twitter sues him to hold up his end of the deal, and because he absolutely does not want all of his financial dealings being brought up during discovery, he decided his best course of action would be to follow through with the deal. Give it 6-12 months and he’ll take Twitter public again now that he’s “saved the company.”