54Billion Dollar deal canceled by elon.
He made an upfront agreement of a billion. So if he step back, he has to pay 1 Billion.
But this is with the current set of Information at this time.
So if more bots are active than 5%, Twitter reports, it would be less valuable.
Some of that Information comes only on daylight in the process of buying.
Could mean he can step back and Twitter does nothing.
Why?
If more than 5%, SEC filings are wrong and every Twitter stakeholder can sue Tether for the 54B evaluation.
because Elon would pay 54B if 5% bots.
So the difference is damage because of the false reporting. Was it on purpose?
Do you see the point? Elon has the board on the balls.
4D chess :D
I expect we see a massively lower offer someday in the future from Elon.
Maybe 20B to 30B.
I mean what can they do?
And a lawsuit against Elon would IMO damage Twitter more because it cost money + can damage the reputation on a scale that could destroy Twitter.
Or maybe he builds another Microblogging site, who knows.
On web3, he would be able to fork :D
haha such a funny time.