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>> ELON MUSK AND TWITTER GEARING
UP FOR A LEGAL BATTLE, AFTER HE
TERMINATED HIS DEAL TO THE
COMPANY.
TWITTER ALLEGEDLY SUING THE MUSK
TO MAKE SURE THE DEAL STILL GOES
THROUGH.
"THEY SAID IT COULDN’T BUY
TWITTER, THEN THEY WOULD NOT
DISCLOSE WERE ABOUT TO GO, AND NOW THEY WANT ME TO FORCE ME TO
NOW THEY WANT ME TO FORCE ME TO
BUY IT AND NOW -- IN COURT."
THIS CHUCK NORRIS MEME DECLARING
IT TRUCK-MATE --
[LAUGHTER]
I LIKE THIS.
I DON’T KNOW WHY TWITTER DOESN’T
TELL PEOPLE HOW MANY THERE ARE.
IMAGINE IF FOX NEWS DECLARED
THEIR RATINGS, AND THEN HALF OF
THEM WERE ROBOTS.
>> CAREFUL.
[LAUGHTER]
COMMENTS.
>> I JUST WANT TO TAKE A MOMENT
TO RECOGNIZE HOW MUCH THEY WILL
GET PAID.
THIS IS WHAT YOU DREAM ABOUT IN
LAW SCHOOL.
YOU HAVE THE RICHEST MAN IN THE
WORLD SUED BY A BILLION-DOLLAR
COMPANY, AND THIS COULD GO ON
FOR YEARS.
I WOULD FRAME THIS AND PUT IT IN
MY OFFICE.
I CARRIED AN INTERVIEW WITH HIM
AND SAID WHILE HE WAS ANSWERING
THE QUESTION WHO IS THINKING
ABOUT PROPULSION TECHNOLOGY FOR
HIS JET AT THE SAME TIME
THINKING ABOUT AN ALGORITHM FOR
AI AND THINKING ABOUT A NEW
ADD-ON TO HIS ELECTRIC CAR
BATTERY.
WHEN I AM ANSWERING SOMEONE’S
QUESTION, I’M TRYING NOT TO
STUTTER.
HE’S FIGURING OUT MATHEMATICAL
EQUATIONS.
I HAVE NO IDEA.
BUT I HOPE AS HE IS TRYING TO
GET THE PRICE DOWN.
HOPE YOU WOULD STOP BANNING MY
PEOPLE AND RIGGING ELECTIONS.
>> IN APRIL WHEN HE MADE THE
PROPOSAL, OFF OF THEM TO BUY IT,
IT WAS A SUCCESS SHARE.
IT IS NOT WHAT IT IS?
HE BOUGHT IT HERE.
>> SOUNDS LIKE IT.
WITHOUT THE BENEFIT OF
DISCOVERY, I’LL HOLD OFF.
ONCE WE GET THERE, WE WILL HAVE
TO HAVE -- THE JUDGE WILL HAVE A
STRONG OPINION ON THIS.
[LAUGHTER]
THE QUESTION IS WHAT IS THE
CONTRACT?
WE HEARD PEOPLE TALK ABOUT IT.
SOME BELIEVE HE WAS ONE WITHIN
THE MATERIAL BREACH.
TWO, IS IT BINDING?
THEIR CREDIBILITY IS GOING TO BE
ON THE LINE HERE.
PEOPLE ARE GOING TO WATCH
TIMOTHY LONGEVITY, UNCERTAINTY,
AND RELIABILITY -- THAT WILL BE
ON TRIAL IN MANY WAYS.
I KNOW THAT TWITTER STOCK KEEPS
DROPPING.
FROM ELON MUSK’S STANDPOINT, IF
THE DISCOVERY SHOWS THAT THERE
ARE THESE THOUGHTS, HE WILL HAVE
HEFTY BILLS TO PAY.
>> KNEW BUY A HOUSE, YOU MAKE AN
OFFER AMPED UP AND START
CONTRACT AND THEN BRING IN THE
INSPECTOR, AND WHEN THEY FIND
TERMITES, YOU SAY "I GIVING YOU
LESS MONEY OR THE DEAL IS OFF."
>> THAT FORCES THE BUYER TO BUY
A TERMITE, BUT I DON’T KNOW,
THAT’S A GREAT QUESTION FOR THE
JUDGE.
ELON MUSK ISN’T NECESSARILY
COMING TO SAVE YOU.
PAY ATTENTION TO THE OTHER WAYS
TO DEAL WITH THIS.
THE EMPLOYEES OF TWITTER "IF
ELON MUSK CAN DESTROY A
COMPANY -- RIVERS WHO WILL BUY
YOUR COMPANY, IT’S PROBABLY NOT
GREAT TO BEGIN WITH.
>> JUDGE, TAKE ME INTO YOUR
CHAMBERS, GIVE ME THE RULES.
WHO HAS THE UPPER HAND?
>> WE HAVE HEARD FOR A LONG TIME
THAT TWITTER HAS FAILED TO
RESPONSE TO THIS REQUEST FOR
INFORMATION ABOUT THE NUMBER OF
BOTS.
THEY SAY 5%, ELON MUSK FIX WITH
MORE.
IN ADDITION, APPARENTLY TWITTER
IS TAKING ACTIONS THAT THEY
SHOULDN’T BE BY FIRING PEOPLE
THAT THINK YOU DID ELON MUSK’S
CONSENT TO FIRE.
IN ADDITION, HE RELIES, IS
ELON MUSK RELIES ON FLESH TO HIS
DETRIMENT -- 35% OF THE COMPANY,
SO I DON’T THINK TWITTER IS IN A
REALLY STRONG POSITION, SO THAN
THE QUESTION IS, PEOPLE ARE
SAYING "ELON MUSK COULD GO TO
JAIL."
THE CONTEMPT OF COURT IF HE DOES
NOT FOLLOW THE JUDGE’S CALL, BUT
THE BIGGER ISSUE -- I KNOW --
CAN BE FORCED TO MAKE ELON MUSK
BUY THE COMPANY?
IF HE DOESN’T WANT TO?
WHAT’S GOING TO HAPPEN IS
THERE’S GOING TO BE A
NEGOTIATION, AND I THINK