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1. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Wednesday, 10-Aug-2022 22:13:52 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

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   #Musk offloads $7 billion in #Tesla stock, supporting belief that #Twitter will succeed in forcing him to complete purchase deal. https://www.marketwatch.com/story/elon-musk-offloads-nearly-7-billion-in-tesla-stock-11660098780 [www marketwatch com]
   
   > “This is really Musk reading the room that with a weak case going into Delaware, the chances that he's going to have to acquire Twitter are increasingly getting higher,” Dan Ives, a managing director at Wedbush Securities, attested to The Daily Beast.
   
   https://nu.federati.net/url/287320?ref=home [www thedailybeast com]
   
   ${NASDAQ(TSLA)}
   
   This is another sign that Elon Musk is not suited to run any publicly traded companies. Investors could try to sue over his implied promise not to sell more stock if the price tumbled as a result of this sale.
   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Wednesday, 10-Aug-2022 23:14:17 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

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     in reply to
     I suspect he'll pay billions (but far less than $44 billion) to be allowed to walk away. If it exceeds $7-10 billion, Twitter will go an acquisitions spree or be bought by another large company for its cash hoard.
   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Friday, 12-Aug-2022 03:55:11 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

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     • Alexandre Oliva
     @lxo I think #Musk's offer was more than the company is worth, so they fear shareholder lawsuits if they don't pursue it.
     
     I also think they're going to get billions of dollars out of him in order to let him walk away. In turn, if someone else wants to buy, the new buyer will have to pay for the fact that #Twitter will have X billion dollars in the bank.