After a long, hard battle, Elon Musk has decided not to try to buy the online cesspool that is Twitter. In reaction, the Board of Directors (i.e. the Twits in Charge) are taking him to court to force him to buy Twitter. While this is being used as fuel for the anti-Musk forces to mock and criticize him, there’s a bit more to it than they care to admit.
Now, I’m no businessman, but if you have someone willing to purchase your company for a significant sum of money that would rival the GDP of some small countries, there should be a built-in incentive to make the process as painless as possible. But since we’re dealing with Twitter here, we’re not dealing with smart people making decisions.
First, they took the firm stand they would not sell Twitter to Musk because they disagreed with his vision and ideology. (In other words, they were afraid he would overturn the virtual apple cart and reverse the bans of certain users the Left hated.) Because of this stance, they threw up more roadblocks than a road crew working straight commission. One of those roadblocks was not providing accurate information to Musk, which ultimately lead to him pulling out of the deal.
Now, the Twits in Charge are taking Musk to court…where this potential breach of contract can be litigated, i.e. exposed, and make it easier for him to get out of the deal. Yes, the discovery process goes both ways, as Twitter will be able to ask for information that will help their case, but given how badly the Twits in Charge have fucked up the deal so far, I have no doubt their lawyers might be as incompetent as the Twits in Charge are. I mean, they work for Twitter, for fuck’s sake!
Then, there’s the potential financial fallout to consider. If the court rules in Musk’s favor, Twitter loses out on a shit-ton (or for our Canadian readers, a metric shit-ton) of money not just from Musk, but from others. The reputational risk alone would be enough to tank Twitter’s future earnings, and it’s not like the Leftists who dominate it are going to be able to pony up enough money to keep it afloat.
If Twitter wins, the risks can be spread out to both parties, but it will be much harder sledding for them. After all, would you like to try to explain why they had to force someone to buy your company? Talk about your bad temp jobs!
While the Twits in Charge try to figure out how to get out of their personal Kobayashi Maru, I would avoid investing in Twitter for the time being. The platform is more toxic than a Super Fund clean-up site (albeit a lot less expensive) and the business model doesn’t seem to be all that stable due to the Board of Directors’ lack of vision and inconsistent/irrational decision-making. However, I do have something you can invest in while watching this train wreck of a flaming dumpster fire.
Popcorn.
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