Shocking news.
No one could have predicted Elon Musk is trying to pull out of buying twitter.
He was so dead set on it.
Not only because he could run it much better since he's a modern genius but
also because someone needed to look out for the free speech rights of so
many downtrodden conservatives.
And he really wanted to, he really wanted to buy it for months and
then unfortunately he was forced to try to back out of the deal.
Why? Well in a filing earlier today his
team claimed that he was backing out of the deal because twitter was in
material breach of the agreement they signed with Elon Musk.
And it made false and misleading statements during negotiations.
What does that amount about?
Well an excerpt from his filing with the sec says that twitter has not provided
information that Mr Musk has requested for nearly two months.
Notwithstanding his repeated detailed clarifications intended to simplify
twitter's identification collection and disclosure of the most relevant
information sought in his original request.
The so called body problem.
How many fake accounts are there on twitter?
And of course he's being honest when he says he needs to do this because they
won't provide information.
He's not just weaseling out of this.
He's not constantly asking for more and more information no matter what they do,
they just won't provide it.
And of course as a modern genius there's no way he could have suspected that maybe
there was some fraudulent accounts before he signed an agreement.
A legal binding document to buy this company.
It only occurred to this modern day Einstein to look into this after it
started to affect the stock price of the stock price of Tesla and
it started to look like a bad deal.
Only then did it occur to him.
And so look if you can't tell, I'm being sarcastic because everybody has seen this,
we knew that he was gonna try to back out of it.
I'm gonna jump ahead just a little bit and I swear I did not ask for
them to pull this, but they did.
So I'm gonna use it.
I tweeted back in May 25th Good Lord Elon Musk stopped being a weenie,
just admit you want to pull out of the deal and we can all move on into society.
He could have saved us a lot of time,
he could have done this a couple of months ago.
Jake tweeted since twitter, this is back on May 17th actually earlier than month.
Since twitter isn't worth anywhere near 44 billion Elon Musk is either going to
massively and hilariously disappoint the right wing by backing out of this deal.
Or eat a huge loss that might be in the tens of billions, oops, hashtag
schadenfreude and of course he could end up having to pay a bunch of money.
First of all, he can't just leave, they might take him to court which might cost
him a ton of money, even if he successfully gets them to allow him to
leave, he'll have to pay a billion dollars.
But of course he has over $200 billion.
It's not real money,
it's just a number somebody typed into a computer doesn't mean anything.
So he's not really losing anything.
And one last point Elon Musk would have you believe he would have his
unthinking followers who have never even seen critical thought.
Let alone exercised it, that you sign legal documents,
pledging tens of billions of dollars to buy company.
And only then begin the process of due diligence into whether
that makes sense to do.
That is not how that works.
I'm not a businessman, but I've read enough of what they say,
that that's what you do before you sign the deal.
This is a cover story.
It's not true.
He's not actually worried about bots.
But even if we accepted the cover story, even if this was true,
this shows that he should not be anywhere near the reins of power of any corporation
because he's not qualified to be so.
>> So good news.
I am a businessman.
[LAUGH] So I can tell you with great certainty that yes,
you do due diligence before you sign a contract,
let alone a contract worth $44 billion dollars to not do due diligence.
Due diligence on a contract of that size is as negligent as I have ever seen
in business.
It's trumpian.
So he could have put a provision in the contract about bots, he didn't.
The bots didn't occur to you later afterwards, after he signed the contract,
he then says twitter might have a bot problem,
that's like saying Vegas might have a gambling problem.
Yes [LAUGH] twitter, you didn't know twitter has bots that it might be over
5% and you didn't protect yourself against that.
No.
So we knew the handwriting was on the wall because we saw Tesla stock,
we saw his sweaty, cold panic,
it was obvious that he didn't know what he was doing and he bungled it.
So I know that that in the right wing ideology, the richer you are,
the more merit you have, the smarter you are Paris Hilton is very, very wealthy.
So I don't know that she merited it.
Now Elon Musk is different, right?
And he did build some businesses kind of and yet he does have all that money.
But it doesn't mean that you are the person who is the smartest and
have the most merit and know what you're doing in every regard.
He clearly, clearly didn't know what he was doing here.
In fact, if I was him, I would be mortified,
totally embarrassed at how dumb this makes you look.
And then finally,
my favorite part of this is what I alluded to in that tweet from that while back.
Now the right wing has no daddy to cry too, I love that schadenfreude,
It tastes so good because every tweet ended with like
Jordan Peterson's been kicked off of twitter almost.
Please help us.
Elon.
I called someone terrible, terrible words and
I've been I threatened violence against help me Elon, help me.
I said everybody was listening people and they were going to attack you.
Help me Elon.
Well there's no Calgon to take you away [LAUGH] here and there's no,
there's an old school reference.
[LAUGH] There's no Elon to take you away.
No, he was a fraud and now he's gonna go to court for sure.
They're gonna sue him and he's probably gonna go twitter a billion dollars.
That's the penalty in the contract for backing out.
>> I remember back when Elon said, okay,
I can cure world hunger with all of the money.
I have. Give me a plan.
Give me a plan where to put the money what to do.
They gave him a plan and he was, he just didn't do it.
And all of the Elon stands on twitter were like, well all of his money is not liquid
so he can't spend this money, right, it's all in stocks.
How did he back this deal with Tesla stock?
He took out a loan.
It was financed and Tesla stock started tanking,
he's in a lot of legal trouble right now.
Also because he inflated the price of doge coin by using his social media presence
to get a bunch of people to invest in Cryptocurrency.
He's in a lot of legal and financial trouble, but of course there's still going
to be people making excuses and saying he's a genius and
it's very clear that he just did this as a publicity stunt.
He seriously did this because he wanted attention.
He wanted to keep his name in the newspapers.
He's honestly got such an intense attention problem.
This was never about actually wanting to buy twitter,
this was about wanting to be the biggest account on twitter.
And of course he's using this excuse that there's bots to pull out.
It's going to go, you know, to trial.
Probably there's or they're going to settle and
it's just going to give him more attention that he does not deserve.
>> Okay, I'm gonna have one last thing that dog coin point.
Look, I don't know the details of what happened there, but
if he used his influence with right wing followers to manipulate the Doge coin.
And he made tons and tons of money off of that, then he's exactly like
Donald Trump because he targets his own fans, they're the easiest to rip off.
So Donald Trump ripped off
his own supporters to the tune
of about $250 million etc.
Say, yeah my legal defenses at Trump Tower and
I had to shovel all of your money there, right?
And Elon is like yeah, Elon stands.
We have to fight the power go inflate the stock of the price of
that thing according to the charges.
We'll see if they can prove it and then they all rushed in and he's like good.
I have a bunch of right wing suckers here that I can manipulate to until
the cows come home.
[LAUGH] And the funny thing is after I rip them off, they'll defend me the most.
Yeah, that's why every con man immediately takes a beeline to the right wing and
thinks they're the easiest marks in the country.
>> They love it.