5 ms·
I think the right remedy are damages. It's simple. Musk should pay the difference between his offering price and Twitter's current market cap.
by gfrff 4y ago
I think the right remedy are damages. It's simple. Musk should pay the difference between his offering price and Twitter's current market cap.
- advisedwang 4y ago> By most readings of the contract, damages for the deal are capped at $1 billion Src: https://www.nytimes.com/2022/07/11/business/dealbook/elon-musk-twitter-deal-lawsuit.html https://www.nytimes.com/2022/07/11/business/dealbook/elon-mu...
- moralestapia 4y agoThe Twitter lawsuit against Elon is a different thing than the acquisition contract they agreed on. The damages that Twitter can claim from this new lawsuit are not bound by the clauses of said contract. Although, in this case, they just want the deal to go forward, at any moment Twitter could say "your marketing stint, or whatever that was, has cost us $X billion and we want compensation for that" and they have grounds for it.