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Market Mondays

Market Report: ELON MUSK CANCELS TWITTER DEAL!

Market Mondays

EYL Network

Investing, Entrepreneurship, Business

5.04.1K Ratings

🗓️ 22 July 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

In this Market Report we went over Elon Musk's recent decision to pull out of the Twitter deal. #twitter #elonmusk #investing 


Link to episode: https://youtu.be/11nVTXE4-OQ


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Transcript

Click on a timestamp to play from that location

0:00.0

Elon Musk, let's talk about this.

0:01.9

So the talk of the town for the last month and a half was that Elon Musk was going to buy Twitter.

0:07.9

It was pretty much a done deal.

0:09.5

They accepted his offer, you know, all the rules, all the news outlets covered it.

0:15.6

It was, you know, pretty much done deal changes my changes my I said too much too many

0:21.4

bots. That's what he's saying too many bots.

0:23.5

He said that they told them originally was 5% but you know that number is not even close.

0:27.7

Too many bots and you can't authenticate users and backing out the deal.

0:33.6

So some people are saying that, you know, he's going to do so because he already agreed to this and that is that.

0:39.7

What's, what's in what should take on this situation?

0:42.6

Somebody in an earner shot at the earners shot at the red panda family said I call this.

0:47.4

If you have a disclosure or an addendum to the contract and saying, hey, if it's 20% or 30% bots, I don't have to buy it.

0:56.2

That's an easy out. Yes, he may have to pay a breakup fee.

1:00.1

What's a billion dollars to a person? Everyone put in chat. What's Elon's net worth?

1:04.7

He's not going to pay that bill yet.

1:06.4

The truth is Twitter is no good to everyone who works there.

1:10.6

I don't want to run any relationships. I love you.

1:12.9

But Twitter isn't worth what he offered for it.

1:15.2

I told you guys last year 50 cent Kanye and Elon are the same person.

1:20.7

This was a master class in using another company to generate press for yourself.

1:27.3

So then take that attention and funnel it into your company, which is Tesla.

1:31.9

And what would you rather have Tesla as a company or Twitter?

...

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