Oh, right. Probably should have a script too. That's useful. All right. Yeah. Yeah. Yeah. Yeah. We'll wing it.

Here we go. Hello everyone. I am Kimberly Adams and welcome back to Make Me Smart, where none of us is as smart as all of us.

I'm Kyle Ristall. Thanks for everybody joining us on the YouTube live stream or the podcast, the discord, take your pick. Economics on tap is what we do on a Friday.

We're talking about the news over drinks all the way. I should say full disclaimer here. I'm taking water because I have to drive later. So, you know, just hydrate and that is the safe and proper choice. Absolutely. Love that for you.

All right. Let's see what we have. Everybody's talking about Elon Musk. I can't see any drinks. All right. Here we go. I see some Obon.

That Ben is drinking, which is a very nice one. And you know what? I'm having red wine. So since everybody wants to talk about musk, we may as well just go for it.

This is your idea. You go.

Unbelievable. So this afternoon about 25 ish LA time. It breaks on Twitter via filings with the ACC and a letter that Musk's lawyer released that he is trying to and I emphasize the word trying to trying to get out of his $44 billion sign sealed and deliver offered to buy Twitter.

Now, I believe I'm on the record many, many moons ago on this podcast saying that this was not going to happen and that he was just bleeping with us. And you know what? You did. I was right. I was right. He did. He did. He did a whole paycheck on it.

The richest man in the world is a troll. He's trolling us. He's doing it because he can. He's I don't even know what's going on. But all we've gotten out of this is number one.

Twitter shareholders have lost a boat load of money down another like 10% after hours, right? Some lawyers got really, really rich. Media and tech journalists got spun around in about 14 different circles. And and that's where we are. It's I don't know. I mean.

God, what a jerk. I have to say there's a great meme in the discord right now of Stephen Colbert pointing to a giant. I told you so.

Yes. Yes.

Oh boy, I am so fascinated to see what the SEC does with this is Securities and Exchange Commission because again, as you said, richest man in the world, army of lawyers, a troll.

Like, what are they going to do? What could you possibly let's just say that they find that he broke the deal? What could you possibly find him that it would matter?

Right, right, right. But, but look, I don't think this actually is an SEC matter unless you get into, you know, market manipulation somehow, which is what he has arguably done previously with, you know, going private at 420 and all of that jazz. But here's the deal. He signed a merger agreement after having waived any due diligence.

And his stated rationale in the letter that his lawyer released today is, you didn't give me the information that I asked you. Well, Mr. Musk, the way it works with due diligence is you do your due diligence and then you sign the binding merger agreement.

Okay. And that is why the chairman of the board of Twitter tweeted tweeted out this afternoon. In essence, we will see you in court. He said, we are confident we will prevail in the Delaware court of chance.

We will see you in court. Or you can just give us $44 billion. You know, nice options. Man, this is going to be some high legal drama.

Oh, my God, and you know, $44 billion while not chump change. And look, there are problems that musters are going to have with financing the steel and putting his tessels shares up and coming up with cash and all this jazz. Fundamentally, it's only like you like it.

So while not chump change, you know, I don't know that I don't know. I don't know. I'm just I'm so irritated.

I'm just a stupid thing to be irritated about. But I'm about to say it feels like you're taking this quite personally.

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