It says right there ~"if Twitter has been lying to its shareholders I can void the contract."
If Twitter has been lying to its shareholders, then senior leadership is already in trouble and may be going to jail, but there's no evidence of that.
If Twitter has been lying to its shareholders, then senior leadership is already in trouble and may be going to jail, but there's no evidence of that.
> Section 6.4 Access to Information; Confidentiality. Upon reasonable notice, the Company shall (and shall cause each of its Subsidiaries to) ... furnish promptly ... all information concerning the business ... as may reasonably be requested ... for any reasonable business purpose related to the consummation of the transaction...
I think it makes perfect sense that any financier will ask "How many users does Twitter have?" And that entitles him to this information.
Twitter doesn’t know what it doesn’t know. It’s dropping a bot estimate that may or may not have shaky foundations. It knows it’s bot “estimate” could be low, perhaps significantly so. It knows that every point over their best estimate fuels Musk’s fears and ultimately becomes a PR and potential legal disaster.
They will have internal employee pressures to make Musk go away.
They will have political pressures to make Musk go away.
The shareholders want the offer, but Twitter hasn’t really gave a shit about them before.