7 ms·

My guess is he's hit that obscene level of wealth and realizes he is now beyond the controls of the system, and can therefore game it to his advantage. When yo

My guess is he's hit that obscene level of wealth and realizes he is now beyond the controls of the system, and can therefore game it to his advantage. When you can afford the best legal team money can buy and payoff the rest of the gatekeepers, then the game is simply to transfer wealth into your own pocket in bigger chunks.

godelski 4y ago
Honestly, so what if he's out $60 bn. I don't think this would affect his lifestyle in any way whatsoever. But it would affect his high score. I'm guessing at one point he realized the former but later realized the latter and cared more about that. Though he's still got a 88bn lead on second place so I'm not sure why he cares.
- notahacker 4y ago
  Not sure it's going to affect his probably-not-that-lavish lifestyle that much. But since those billions are in stock it likely it will affect his level of control of companies, his ability to attract future investments and his future decisions. Which people paying attention to tech companies probably care about more than what flavour caviar he eats and what schools his kids go to anyway.
- atlasunshrugged 4y ago
  No matter what it won't be him fronting all the money, he had institutional investors that were ponying up a huge amount of the dough alongside him.
pclmulqdq 4y ago
He's overleveraged and most of his companies are on the brink of falling below the point where he gets margin called. The poor sap wanted to rescue a few billions of dollars that could actually survive a recession, but he picked the wrong way to do it.
cormacrelf 4y ago
You can’t bribe the judges in Delaware. They can force him to go through with the deal at the agreed price, now at a significant premium on market value, and it’s reasonably likely they will. This was not a genius move.
- grey-area 4y ago
  Let’s see what happens. I doubt very much the scenario you outline will come to pass. Nobody wants this deal any more and he can drag all their dirty laundry into it (bots, fake daus etc). This will just slowly fade from memory as the lawyers argue and at some point they’ll settle.
  - danielmarkbruce 4y ago
    Carl Icahn or Paul Singer would love to deal with it. They might well settle, but it might well be for $15 bill.
  - joshuamorton 4y ago
    > Let’s see what happens. I doubt very much the scenario you outline will come to pass. Nobody wants this deal any more and he can drag all their dirty laundry into it (bots, fake daus etc). Twitter shareholders do. If I hold $1m in TWTR today, this deal going through is worth around 500K to me, possibly more if we assume the share value now prices in the buyout potential and will drop otherwise.
- lovich 4y ago
  I think the past few years of watching the rule of law degrade in both the public and private world in the US means we shouldn’t take any possibly off the table that relies on the system working correctly
- bediger4000 4y ago
  I'm no expert, so what makes Delaware judges specially incorruptible?
  - 4y ago

godelski 4y ago

Honestly, so what if he's out $60 bn. I don't think this would affect his lifestyle in any way whatsoever. But it would affect his high score. I'm guessing at one point he realized the former but later realized the latter and cared more about that. Though he's still got a 88bn lead on second place so I'm not sure why he cares.

notahacker 4y ago
Not sure it's going to affect his probably-not-that-lavish lifestyle that much. But since those billions are in stock it likely it will affect his level of control of companies, his ability to attract future investments and his future decisions. Which people paying attention to tech companies probably care about more than what flavour caviar he eats and what schools his kids go to anyway.
atlasunshrugged 4y ago
No matter what it won't be him fronting all the money, he had institutional investors that were ponying up a huge amount of the dough alongside him.

pclmulqdq 4y ago

He's overleveraged and most of his companies are on the brink of falling below the point where he gets margin called. The poor sap wanted to rescue a few billions of dollars that could actually survive a recession, but he picked the wrong way to do it.

cormacrelf 4y ago

You can’t bribe the judges in Delaware. They can force him to go through with the deal at the agreed price, now at a significant premium on market value, and it’s reasonably likely they will. This was not a genius move.

grey-area 4y ago
Let’s see what happens. I doubt very much the scenario you outline will come to pass. Nobody wants this deal any more and he can drag all their dirty laundry into it (bots, fake daus etc). This will just slowly fade from memory as the lawyers argue and at some point they’ll settle.
- danielmarkbruce 4y ago
  Carl Icahn or Paul Singer would love to deal with it. They might well settle, but it might well be for $15 bill.
- joshuamorton 4y ago
  > Let’s see what happens. I doubt very much the scenario you outline will come to pass. Nobody wants this deal any more and he can drag all their dirty laundry into it (bots, fake daus etc). Twitter shareholders do. If I hold $1m in TWTR today, this deal going through is worth around 500K to me, possibly more if we assume the share value now prices in the buyout potential and will drop otherwise.
lovich 4y ago
I think the past few years of watching the rule of law degrade in both the public and private world in the US means we shouldn’t take any possibly off the table that relies on the system working correctly
bediger4000 4y ago
I'm no expert, so what makes Delaware judges specially incorruptible?
- 4y ago