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Twitter deal leaves Elon Musk with no easy way out

9 pointsby interpol_pabout 3 years ago

1 comment

bryanrasmussenabout 3 years ago
&gt;Filing such a lawsuit would be easy enough, but proving that the bot issue justifies ending the deal would be much harder. Under the merger agreement, Musk would have to show that any misrepresentation had a “material adverse effect,” an onerous standard that courts have rarely found to be met.<p>I think I saw a recent post here that bots made up +19% - interesting timing - but anyway I would think the difference between a platform where the value is the userbase a difference of + 14% in bots would have &quot;material adverse effect&quot;.
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