The firm, which represented Twitter as Musk tried to back out of his deal to buy Twitter, received a $90 million fee for getting the deal over the finish line, according to The New York Times. Elon Musk’s Twitter alleges the payment is “unjust enrichment” and wants the fee to be returned.
A multi-billionaire accusing others of unjust enrichment. Cynicism is getting out of hand
a multi-billionaaire whose whole career was funded by his father’s apartheid/slave-labour emerald mine, no less.
Forget the pot, this is a lump of charcoal calling the kettle black.
Manchild throwing shit at the wall randomly in the hopes one will stick.
What a garbage excuse for a human. And this dude wants to colonize Mars?
He also wants to put a chip inside people’s heads and has received approval from the FDA to conduct tests on humans.
I’d hope he’s doing this because he’s running out of money… but that’s not how capitalism works unfortunately.
Although it may very well be caused by Twitter running out of money, which would be corroborated by Twitter’s lack of payment to various other parties. Giving Musk three options: Use more of his own money, admit defeat and massively scale back Twitter’s functionality and availability, or try to scam money out of other people.
Clearly he’s not willing to spend his own money, or admit failure.
Is he scraping the barrel or just short of loose change?
The interest payments on the loans he took out are $1.5 Billion. That’s not accounting for any other costs that Twitter was already on the hook for.
Coincidentally, Musk stopped paying all of the costs that Twitter was on the hook for. Rent, data centers, janitorial service, everything.
And he’s still not going to have enough money from twitter’s operations to make even the basic servicing payment on the loan.
Which is why I still think something else was going on with the Twitter sale. It doesn’t make sense for anyone financially.
Unless you imagine it’s a bank giveaway to Musk, who will count Twitter as a loss carry forward for years to come when it goes bellyup.
I was, and remain, 100% convinced Musk will never pay those loans. The Saudi, etc authoritarians who bankrolled him knew it was a payment to kill Twitter. The west may have forgotten the Arab spring, but they didn’t, and have been scared of Twitter since
