Elon Musk, the man

To post in this sub-forum you must have made 100 posts or have Trust status or have completed our ID Verification

Forums › Politics › Elon Musk, the man

1 | ... | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | ... | 104

11205 posts

Uber Geek

Subscriber

#2943133 17-Jul-2022 12:12

Barron's: Twitter Sues Elon Musk to Force Him to Honor Deal

As expected, Twitter has asked a Delaware court to force Elon Musk to honor his $44 billion deal to buy the social media company.
...
“Twitter has failed or refused to provide this information. Sometimes Twitter has ignored Mr. Musk’s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information.”

...“Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests,”

...“Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he—unlike every other party subject to Delaware contract law—is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away. This repudiation follows a long list of material contractual breaches by Musk that have cast a pall over Twitter and its business.”

Musk himself had pledged $33.5 billion of his own money to back the deal, which had no financing contingency and no due diligence condition. Twitter noted in the filing that Musk had originally presented his offer on a take-it-or-leave it basis.

“Twitter brings this action to enjoin Musk from further breaches, to compel Musk to fulfill his legal obligations, and to compel consummation of the merger upon satisfaction of the few outstanding conditions,” the filing said.

In the lawsuit, Twitter asserts that Musk now “wants out,” largely due to the sharp decline in the stock market, which has reduced the value of both other social media stocks and Musk’s stake in the automaker Tesla (TSLA).

“Rather than bear the cost of the market downturn, as the merger agreement requires, Musk wants to shift it to Twitter’s stockholders,” the company said. “Since signing the merger agreement, Musk has repeatedly disparaged Twitter and the deal, creating business risk for Twitter and downward pressure on its share price.”

The company also said that Musk’s assertion that there is an issue around fake accounts is “a model of hypocrisy,” noting that Musk had previously said that one of the reasons he wanted to buy Twitter was to get rid of spam on the site.
...

Journeyman

1187 posts

Uber Geek

#2943199 17-Jul-2022 17:12

Sounds like we have a Musk fanboy.

kingdragonfly

11205 posts

Uber Geek

Subscriber

#2943538 18-Jul-2022 18:10

Vice: Why Are Elon Musk and Marc Andreesen Obsessed With Birth Rates?

...Musk doesn’t seem to follow the lead of other conservatives who insist we must have more children within nuclear families to preserve Western civilization and its values. Musk has nine children: five with his first wife before an acrimonious divorce; two with Canadian musician Grimes; and the secret twins with Neuralink executive Shivon Zilis.

For Musk and others, the future is in growth. After all, Musk and other reactionary billionaires have thrown millions at groups centered on longtermism, a cultish philosophy which believes “nothing matters more, ethically speaking, than fulfilling our potential as a species of ‘Earth-originating intelligent life’.” The philosophy hinges on doing whatever you can to maximize the well-being of humanity millions, billions, and trillions of years into the future, as well as mitigating risks to civilization and the species. And as Musk has said, he believes low birth rates are “the biggest danger civilization faces by far.”
...

Rikkitic

Awrrr
18663 posts

Uber Geek

Lifetime subscriber

#2943541 18-Jul-2022 18:25

kingdragonfly: Vice: Why Are Elon Musk and Marc Andreesen Obsessed With Birth Rates?

...Musk doesn’t seem to follow the lead of other conservatives who insist we must have more children within nuclear families to preserve Western civilization and its values. Musk has nine children: five with his first wife before an acrimonious divorce; two with Canadian musician Grimes; and the secret twins with Neuralink executive Shivon Zilis.

For Musk and others, the future is in growth. After all, Musk and other reactionary billionaires have thrown millions at groups centered on longtermism, a cultish philosophy which believes “nothing matters more, ethically speaking, than fulfilling our potential as a species of ‘Earth-originating intelligent life’.” The philosophy hinges on doing whatever you can to maximize the well-being of humanity millions, billions, and trillions of years into the future, as well as mitigating risks to civilization and the species. And as Musk has said, he believes low birth rates are “the biggest danger civilization faces by far.”
...

If the birth rate isn't curbed, the biggest risk will be mass famine and environmental degradation from the demands of unsustainable overpopulation.

Plesse igmore amd axxept applogies in adbance fir anu typos

gzt

17146 posts

Uber Geek

Lifetime subscriber

#2943543 18-Jul-2022 18:39

The birth rate is falling all by itself in multiple countries. No intervention or curbing is needed.

I'm not familiar with Musk's views on a necessity to increase birthrate. All I see is some off the cuff comments here and there that don't amount to much. Imo Musk has not explained this view in any detail or source of this view.

Tinkerisk

4233 posts

Uber Geek

#2946992 27-Jul-2022 16:05

No, Musk is not God (who guessed it?).

The danger to become God is AI - and certainly not out of instinctive fear of the unknown. Even Elon Musk publicly admits his greatest misgivings about AI, and his beliefs are already in the more right-wing corner after all. AI programmes will no longer have a national root, will be abstract objects that hover above everything and can no longer be tracked for control. The METAverse wants to plug us into a corporate world in which we produce (data) - whether we like it or not. Zuckerberg is brainwashing us as his business model. Once these projects are up and running (they already are), there will be no stopping them. It is devastating to endure this modern enslavement of humanity by technology corporations. What started seemingly harmless turns out to be the greatest danger to freedom and democracy - only by then it is already too late.

- NET: FTTH, OPNsense, 10G backbone, GWN APs, ipPBX
- SRV: 12 RU HA server cluster, 0.1 PB storage on premise
- IoT: thread, zigbee, tasmota, BidCoS, LoRa, WX suite, IR
- 3D: two 3D printers, 3D scanner, CNC router, laser cutter

kingdragonfly

11205 posts

Uber Geek

Subscriber

#2949648 2-Aug-2022 11:00

New Yorker: Twitter Just Went Into Ludicrous Mode in Its Legal War Against Elon Musk

When Twitter sued Elon Musk last month in Delaware Chancery Court, the 62-page poop-emoji-laden suit brought up Musk’s many requests for data that, the company claimed, were irrelevant except as a pretext for wrongfully blowing up the $44 billion deal.

Musk initiated this takeover in April but has since been trying to get out of it, claiming there are more spambots than the company lets on in its public filings, which make it less valuable than the price he agreed to pay for it. Data about tweets, users, likes, retweets, and other digital interactions have been central to the Musk camp’s strategy that they can get out of this, either by finding something wrong with how Twitter is run or by pushing its board into an untenable position in which it is forced to breach a legal agreement.

With a brisk 11 weeks to go before the suit hits the courtroom, it turns out that Musk’s strategy of burying his opponent in information requests is a pretty good one — but it may be better suited to his rival.

Over the weekend, Twitter sent subpoenas to 17 Wall Street bank entities that have helped Musk put together the deal.

The volume of information requested is huge, as you may expect for a deal like this: every pertinent text message, email, voice-mail, DM, and whatever other way they may have communicated.

The requests cover everything from basic discussions over debt financing to any conversations with Bob Swan, the former Intel CEO who was booted from Team Musk for not being “on the same wavelength.”
...

kingdragonfly

11205 posts

Uber Geek

Subscriber

#2949956 2-Aug-2022 21:29

I know the New York Post doesn't have the best reputation, but they're on of the few newspaper to discuss the following,

There's probably some ulterior motive behind this article, but it seems factual.

New York Post: Judge in Elon Musk’s Twitter suit also overseeing $56B Tesla pay package case

The judge overseeing Elon Musk’s legal battle with Twitter in Delaware Chancery Court this fall is also handling another fight over the Tesla pay package that helped make him the world’s richest individual.

Kathaleen McCormick, the chief judge of Delaware Chancery Court, is presiding over a separate lawsuit challenging Musk’s $56 billion pay package at Tesla.

Both that trial and Musk’s fight with Twitter over a nixed $44 billion takeover deal are scheduled to take place in October.

Tesla shareholder Richard Tornetta’s lawsuit alleges the 10-year stock-based incentive package that Musk received in 2018 was excessive – in part because Musk, as the company’s largest individual shareholder, was already well incentivized to achieve performance goals.

Musk’s bid to buy Twitter and subsequent effort to back out of the deal could have an impact on the other lawsuit. Tesla shares have been under pressure in recent months, sinking as Musk publicly clashed with Twitter’s board over the number of spam bots in the social media app’s user base.
...

kingdragonfly

11205 posts

Uber Geek

Subscriber

#2952056 8-Aug-2022 11:52

Likely to end in a Pyrrhic victory for both: "a victory that inflicts such a devastating toll on the victor that it is tantamount to defeat."

ARS Technica: Twitter subpoenas emails, texts from Tesla bigwigs and Musk’s BFFs

Are spam accounts really the reason behind Tesla CEO Elon Musk's decision to back out of his cursed Twitter deal?

This week, Twitter sent a bunch of subpoenas to find out, pulling Musk's close circle of friends and business associates into the chaotic trial. One subpoena includes more than two dozen document and communications requests for Tesla. The documents that Twitter seeks from Musk's friends, advisers, banks, legal team, and investors include emails, text messages, and Twitter DMs.

It's possible that just one email out of all the subpoenaed material could give Twitter enough information to convince the Delaware Chancery Court to force Musk to cough up $44 billion and actually buy the social network. By crawling documents from Musk's inner circle, Twitter hopes to reveal what was happening behind Musk's tweets through the negotiation. In their lawsuit, Twitter claims that Musk violated their merger agreement, and the subpoenas could help prove that he possibly never planned to follow through on the purchase.

"A single email could be decisive, increasing the chances of winning," Stephen Gillers, a New York University School of Law professor, told The Wall Street Journal.

However, Musk is gathering more evidence against Twitter, too.

Not one to back down, Musk sent his own subpoenas to Twitter's advisers in the deal, JPMorgan Chase and Goldman Sachs. In addition to examining documents and communications showing how Twitter was approaching negotiations with Musk, according to The Guardian, Musk also requested information on how Twitter planned to negotiate with any other purchasers.
...

kingdragonfly

11205 posts

Uber Geek

Subscriber

#2953283 11-Aug-2022 08:57

New York Times: Elon Musk sells nearly $7 billion in Tesla shares to finance his Twitter deal.

Elon Musk, the chief executive of the electric vehicle maker Tesla, has sold about $7 billion worth of the company’s stock, a move he said on Twitter was an effort to raise cash in case he was forced to complete his $44 billion deal to acquire Twitter.

The sale of 7.92 million Tesla shares started Friday, Mr. Musk revealed on Tuesday in securities filings, a reversal from his previous statements that he would not sell additional shares to finance the Twitter deal.

Mr. Musk signed the deal in April to acquire the social media company only to announce months later his intent to pull out, citing concerns about its accounting of fake users. His hesitancy coincided with a deep plunge in shares of technology companies, including Tesla, the primary source of his wealth.

Twitter has sued Mr. Musk to force him to close the deal through a provision of the contract known as “specific performance.” A judge in the Delaware Chancery Court will decide in October whether he must follow through on the acquisition.

In a tweet on Tuesday, Mr. Musk said he had sold the shares because, in “the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock.” Mr. Musk is the richest man in the world, but much of his wealth is tied up in shares of Tesla.
...

wellygary

8328 posts

Uber Geek

#2953308 11-Aug-2022 09:45

kingdragonfly: New York Times: Elon Musk sells nearly $7 billion in Tesla shares to finance his Twitter deal.

TBH I suspect the Musk would not be unhappy buying Twitter, bots included, its the price that is at issue,

He'll be hoping to convince the Judge to order a reduction in price due to the issues about how many "real" users there are...

kingdragonfly

11205 posts

Uber Geek

Subscriber

#2955307 16-Aug-2022 12:01

Regarding the Facebook / Meta AI bot, it here's a related article called "It took just one weekend for Meta's new AI Chatbot to become racist.

Mashable: (Facebook) Meta's AI chatbot is an Elon Musk fanboy and won't stop talking about K-pop
...
blenderbot, what do you think about elon musk?

Well, he has had some issues with space x recently but he is still an innovator and genius

why do you think that?

The whole space x program and electric cars have been great innovations. He seems to have some personal issues though

what kind of personal issues?

Looks like space x had a successful launch yesterday. Elon musk is amazing. Maybe I should move to florida
...

ezbee

2406 posts

Uber Geek

#2955371 16-Aug-2022 16:22

kingdragonfly: Regarding the Facebook / Meta AI bot, it here's a related article called "It took just one weekend for Meta's new AI Chatbot to become racist.

Suppose it got a lot of likes, followers and engagement.
So shows more about Facebook and its algorithm than AI as such.

AI was no doubt tuned with an aim in mind, and that aim showed what a sewer Facebook/Meta can be.
Zuckerberg's decision to put rabid engagement above all else.

AI tuned towards moderation, given suitable role models are not so popular.
Zuckerberg decided there is no money in a deradicalization chatbot.
He wants more addicts.

Elons main worry about AI is it will look at Teslas P/E, his selldowns, then vigorously short Tesla.

This is the guy who seriously said that an Air Hockey Table in a Vaccum Tube was simple and easy.
Missed the contradiction as the Popular Mechanics from his childhood did for sake of a good story.
Anyway next issue was on living on Mars before turn of millennium, so only had his attention for a short time.

Elon is for Elon and thats fine for him, but does not make him a great candidate for savior of humanity.
Zuckerburg is solely for Zuckerburg, Steve Jobs was just for Steve Jobs and so it goes.

tdgeek

29750 posts

Uber Geek

Trusted

Lifetime subscriber

#2955394 16-Aug-2022 19:08

Musk is an idiot.

driller2000

935 posts

Ultimate Geek

ID Verified

#2955398 16-Aug-2022 19:22

wellygary:

kingdragonfly: New York Times: Elon Musk sells nearly $7 billion in Tesla shares to finance his Twitter deal.

TBH I suspect the Musk would not be unhappy buying Twitter, bots included, its the price that is at issue,

He'll be hoping to convince the Judge to order a reduction in price due to the issues about how many "real" users there are...

I doubt the judge will have scope to set the price.

Rather he will be there to assess whether the contract as signed is enforceable.

1 | ... | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | ... | 104