Musk attempts to slip out of agreement to buy Twitter

Originally published at: Musk attempts to slip out of agreement to buy Twitter | Boing Boing

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Well, someone finally learned how to pull out.

Sorry…

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As usual his attempted withdrawal came a bit too late to avoid creating complications.

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This is my shocked face

Who could have foreseen that Musk would try to back out of the thing he immediately tried to come up with excuses to wiggle out of, after realizing it was a bad idea? Gosh!

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What a dip

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Board Chair - retweeted by CEO.

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Whoo boy, a recent NYTimes article sums him up in a couple paragraphs:

"Often announcing new features without consultation with his team, he forces his employees to bridge the enormous gap between technological reality and his dreams. This disconnect fosters a negligent and sometimes cruel workplace, to disastrous effect.

In 2016, Mr. Musk promised that newly made Teslas would be able to drive themselves with nothing more than a future software update that Tesla owners could buy in advance for thousands of dollars.

That fully self-driving announcement that so delighted his fans came as a far more jarring revelation to the project’s engineers, who found out about their staggering new mission when Mr. Musk tweeted about it. Tesla buyers never got the promised software update.

Tesla’s manufacturing engineers were aghast when, also in 2016, Mr. Musk publicly committed to developing a fully automated factory that required no human workers. Tesla built two assembly lines that attempted to automate tasks requiring levels of dexterity and flexibility that modern robotics is still far from attaining. He ultimately gave up and cobbled together a manual-labor-intensive production line in an open-air tent."

He does this with everything, and it’s really the secret to why he has a cult following. He very publicly makes a bunch of wild promises that seem impossible - but it’s not because he’s actually solved the problems, as people assume, but because he simply doesn’t know enough to know they’re impossible, having made the assertion without any thought or research. Then he expects someone else to fulfill the promise, but it’s impossible, but he still holds them responsible - while repeating the promises. It’s all very Trumpian, really. And it’s more or less what he was doing with Twitter: a rash decision, ignorant declarations about what Twitter would become, then reality starts hitting home. Except he isn’t so far into the process that he can’t back out - all he’d done was make legal promises that can now be broken.

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image

Now pay up, asshole.

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Musk not owning Twitter and having to pay a billion dollars for his bullshit is pretty much the best outcome anyone could have hoped for.

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And it’s looking like it could well be more.

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Twitter will need a boatload of money to recover from the damage Musk’s rescinded offer has done… this is the corporate equivalent of being offered a job and having rescinded after having moved across the country, given who they sacked and who left on the news of the takeover.

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Nailed it on the first reply. Well done.

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Assuming the $1B is insufficient, this seems like the best of both worlds: Twitter and Musk both lose! Add in the court battles are the cost there off, it’s even better! The only winners will be the lawyers, which is an unfortunate side-effect.

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On the one hand this is hilarious, but it also would have been funny to watch Musk try to turn Twitter into 8kun and think that was going to actually make money?

Or to watch him discover that, and see all the butthurt of the edgelords when it dawns on them that Musk was not going to change it into 8kun? :rofl:

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Not a fiction writer anywhere that can top this kind of wacko shit. Good show Elon, you fuckin twit.

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I was sort of hoping he’d buy it and run it into the ground, thus killing off Twitter and making his investment worthless at the same time, but yeah, could definitely have turned out worse than this.

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Well, it’s the best Twitter (and Tesla) litigators could have hoped for. It’s guaranteed employment for the next 5-8 years.

Except, in the process of running it into the ground, Twitter would have been a national security threat and ran the United States in the the ground when, as promised, Musk unbanned @realDonaldTrump, all QAnon accounts, all racist accounts, all Jan-6 accounts.

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So, having watched these sort of take overs for over 40 years now, I think Twitter stating they will fight on to force him to buy it is just a hard ball tactic to ensure they get that billion dollars. One thing that’s obvious, though: Musk is all talk and no grasp on reality. (EDITED to remove bad and not funny double entendre)

stephen-colbert-popcorn-gif

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