this post was submitted on 12 Feb 2024
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Elon Musk Bought Twitter to Settle His Jet-Tracking Beef, New Book Claims (gizmodo.com)
submitted 10 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
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  • Elon Musk purchased shares of Twitter after unsuccessfully petitioning the CEO to remove a Twitter account tracking his private jet.
  • Musk's personal gripes played a key role in his $44 billion acquisition of Twitter.
  • Musk banned the account after promising not to, highlighting his prioritization of getting his way over free speech.

Archive link: https://archive.ph/ttBv9

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[–] supercriticalcheese@lemmy.world 3 points 10 months ago (1 children)

He could had pulled out of the bid as well me thinks. Between presenting a bid and closing the deal there should be **due diligence **.

This is what I understand Mr Musk failed to do, after that it would have been nearly impt to cancel the deal.

[–] GoodEye8@lemm.ee 11 points 10 months ago (2 children)

I don't remember the specifics but I think it was a sort of a "no questions asked" kind of bid, where he chose to not do the due diligence. He did try to play the "My estimation of Twitter was misled because I wasn't disclosed to vital information" card and it got him nowhere.

[–] Archer@lemmy.world 9 points 10 months ago

Yep! He explicitly waived it. Corporate equivalent of waiving a home inspection

[–] supercriticalcheese@lemmy.world 1 points 10 months ago

facepalm genial