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Joined 1 year ago
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Cake day: June 28th, 2023

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  • Agreed, but the writing was on the wall that he was not going to win - the judge had previously sided with sellers in these kinds of contracts in other cases.

    If it had gone to trial and he was ruled against, he would have VERY likely been forced to settle the transaction rapidly with his own capital, rather than have time to arrange for the financing that he ended up using.

    I think it’s pretty clear in retrospect - he stubbornly tried to get out of the purchase while people who were smarter than him kept telling him he needs to start accepting reality that he’s going to own twitter soon. Finally he gave in when he realized he had a lot more to lose than a few billion, or maybe he got a call from daddy who told him to stop being a moron and arrange a loan.