Connect with us

SOCIAL

Elon Musk Continues to Seek a Way Out of his $44 Billion Twitter Takeover Deal

Published

on

Elon Musk Sells of Tesla Stock in Preparation for Possible Twitter Deal

That Elon Musk certainly is proving to be a rascal, as he continues to seek a way to wriggle out of his $44 billion Twitter takeover deal.

With the Twitter v. Musk trial scheduled for October 17th – just 34 days away – Musk’s legal team has been desperately seeking either a delay of the hearing, in order to better prepare their defense (or just to hold things up even more, in the hopes that will help him avoid payment), or to get the case dismissed entirely, on increasingly spurious legal grounds.

But questionable approaches or not, Musk’s lawyers are certainly doing their job, exploring every avenue they possibly can to extricate Musk from the deal, if there’s any possible way to do that.

Which, there’s probably not. But still, worth a try.

Team Musk’s latest proposed case for dismissal comes on the back of Peiter ‘Mudge’ Zatko’s various accusations against Twitter over its internal operations, and flaws in its reporting and security systems.

Zatko, who was employed by Twitter between late 2020 and early this year, was dismissed, Twitter says, due to ‘poor performance and leadership’, though he was paid out a handy $7 million for his time.

That payment is now the basis of Musk’s latest legal appeal against the takeover deal, with Musk’s legal team arguing that the millions of dollars that Twitter paid to Zatko are actually in violation of the terms of the deal.

Because Zatko and Twitter came to the settlement agreement in June – after the Musk takeover deal had been agreed to – Musk’s team says that this is a major change in the scope of the company, which is not allowed under the terms of the takeover deal.

Though Twitter moved quickly to shut down that suggestion:

“Twitter has breached none of its representations or obligations under the Agreement, and following the receipt of the approval of Twitter’s stockholders at its September 13, 2022 special meeting, all of the conditions precedent to the closing of the Merger will be satisfied.”

As noted, Twitter’s shareholders are meeting this week to vote on the Musk takeover, which is the final step, in Twitter’s view, to securing the deal. Twitter has urged shareholders to accept Musk’s $44 billion offer, and the expectation is that the vote will go through without a hitch.

Which will then clear the way for the final settlement, which Twitter’s legal team remains absolutely confident will eventually go through, after the October hearing.

Musk’s team, on the other hand, seems far less assured, pulling out every trick and loophole that they can find to push back. None of those efforts have held up so far, though that doesn’t mean that they won’t find some other technicality to get Musk off the hook when the hearing does actually have its day.

It’s worth noting that Musk has previously been able to utilize a range of legal loopholes and technicalities in various other legal actions that have been brought against him.

Back in 2019, after Musk baselessly accused a cave diver of being a pedophile via tweet, and was subsequently sued for defamation by said diver as a result, Musk’s legal team was eventually able to get the case dismissed entirely, because Musk didn’t technically mention the accused in the offending tweet.

What Musk did say was this:

So it’s pretty clear who Musk was aiming his comment at, but he didn’t specifically name anybody, which Musk’s legal team was able to argue raised significant enough doubt over his actual intent.

In other words, they’re good, and they can find and prosecute legal loopholes pretty well – which, of course, is what you’d expect when they’re working for the world’s richest man.

As an aside, Musk also hired a private detective to dig up dirt on the man that he’d labeled a pedophile – for no reason – as part of the case. So again, Musk and Co. will do whatever has to be done to win, and you can expect that they will indeed turn over every leaf and try every avenue of appeal in the process.

But on balance, it seems like Twitter’s legal team has come prepared for this. Knowing how Musk operates, they do seem to have established very solid contractual terms and obligations, that will be tough for Musk to wriggle out of.

I still wouldn’t be surprised if Musk’s legal team does, somehow, find a way out, but at this stage, it seems increasingly unlikely.

Maybe, given that he’s been able to slink out of various other obligations in the past, Musk’s arrogance is actually the weak point here, and he’s actually locked in.

We’ll find out soon, with a judge to decide whether any of Team Musk’s various accusations actually hold any bearing in the legalities of the agreement.

Source link

SOCIAL

Twitter Experiments with Reply Filters, Timeline Controls, and the Capacity to Search Your Tweet Likes

Published

on

Twitter Experiments with Reply Filters, Timeline Controls, and the Capacity to Search Your Tweet Likes

Amid the various large-scale changes at Twitter, the platform is also working on some smaller tweaks and updates, which may or may not ever get released, but could provide valuable functionality for many users.

First off, Twitter’s testing the ability to search through your Likes, so you can find out who, specifically, has liked your tweets.

That could help you glean more context when reaching out to someone, or just another way to understand who’s responding to your tweets.

And it could be particularly valuable as a research tool for marketers in understanding their audience and who they’re reaching with their tweets.

Twitter’s also testing a new way to filter your replies, which could be handy if you get a lot of responses to a tweet.

Tweet reply sorting

I mean, I’m not sure how many people are getting so many replies to their tweets that they need a filtering option, but for those that are, this could be a simple way to ensure you’re staying up on the most relevant responses and responders, to better manage your engagement.

Finally, Twitter’s also experimenting with new timeline settings, which would provide more control over your timeline and pinned lists.

Twitter timeline controls

Note also, in the middle screen, that Twitter’s developing an option that would enable you to hide your tweet view counts, which would provide another way to manage your activity in the app.

As noted, all of these are in test mode, with Twitter engineer Andrea Conway posting them for public opinion, before exploring further development. But they could be handy, and while they’re not game-changers as such (which may mean they get less priority), smaller tweaks and updates like this could be significant for certain users, and could make it easier to manage your tweet activity.

We’ll keep you updated on any progress.



Source link

Continue Reading

SOCIAL

Fed-up accountant 'shocked and disappointed' after his Facebook account is taken down again

Published

on

Fed-up accountant 'shocked and disappointed' after his Facebook account is taken down again

A fed-up accountant has spoken of his “disappointment” after his Facebook page was taken down AGAIN. Last July, we told how Suleiman Krayem feared …

Source link

Continue Reading

SOCIAL

Twitter Tests New Quick Boost Option for Tweets

Published

on

Twitter Tests New Quick Boost Option for Tweets

Here’s the difficult thing with Twitter no longer having a comms department – now, there’s nowhere to go to confirm info about the app’s latest updates and features, and where each is available, etc.

Case in point – this week, Twitter appears to have launched a new in-stream boost option for tweets, which provides a quick and easy way to promote your tweet without having to launch a full ad campaign.

As you can see in these screenshots, posted by Jonah Manzano (and shared by Matt Navarra), the new boost option would be available direct from a tweet. You’d simply tap through, select a budget, and you would be able to boost your tweet then and there.

Which seems to be new, but also seems familiar.

It’s sort of like Twitter’s Quick Promote option, but an even more streamlined version, with new visuals and a new UI for boosting a tweet direct from the details screen.

Tweet boost

So it does seem like a new addition – but again, with no one at Twitter to ask, it’s hard to confirm detail about the option.

But from what we can tell, this is a new Twitter ad process, which could provide another way to set an objective, a budget, and basic targeting parameters to reach a broader audience in the app.

Which could be good, depending on performance, and there may well be some tweets that you just want to quickly boost and push out to more people, without launching a full campaign.

It could also be a good way for Twitter to bring in a few more ad dollars, and it could be worth experimenting with to see what result you get, based on the simplified launch process.

If it’s available to you. We’d ask Twitter where this is being made available, but we can’t. So maybe you’ll see it in the app, maybe not.

Thus is the enigma of Twitter 2.0.



Source link

Continue Reading

Trending

en_USEnglish