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Elon Musk looks to buy Twitter
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Asperger’s people have a lack of empathy and sealed awareness couple that with a guy with more money than just about anyone on the planet and this is kinda what you get
I wonder if this is just the beginning of his spiral into sheer lunacy
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Asperger’s people have a lack of empathy and self awareness couple that with a guy with more money than just about anyone on the planet and this is kinda what you get
I wonder if this is just the beginning of his spiral into sheer lunacy
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[link=https://www.bloomberg.com/news/articles/2022-06-06/musk-says-twitter-s-lack-of-info-on-bots-breeches-merger-deal?sref=kKj7hWAI&cmpid=socialflow-twitter-business&utm_medium=social&utm_campaign=socialflow-organic&utm_content=business&utm_source=twitter#xj4y7vzkg]https://www.bloomberg.com…urce=twitter#xj4y7vzkg[/link]
Musk says that Twitter is in breach of their agreement.
Musk’s lawyers sent a letter to Twitter asserting his right “not to consummate” the acquisition and a “right to terminate the merger agreement”
Twitter stock was down 6% in the pre-market.
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Separate issue… Musk now says that even though 48 hours he was going to cut `10% of Tesla staff, he now says there will be a net *gain* of employees. … whiplash-
The cycle into lunacy continues
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[link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.washingtonpost.com%2Ftechnology%2F2022%2F06%2F08%2Felon-musk-twitter-bot-data%2F]In reversal, Twitter plans to comply with Musks demands for data[/link]
The information could be provided as soon as this week, the person said. Currently some two dozen companies pay for access to the trove, which comprises not only a real-time record of tweets but the devices they tweet from, as well as information about the accounts that tweet.
After a [link=https://www.washingtonpost.com/business/2022/06/06/musk-twitter-letter-bots/?itid=lk_inline_manual_2]weeks-long i[/link]mpasse, Twitters board plans to comply with Elon Musks demands for internal data by offering access to its full firehose, the massive stream of data comprising more than 500 million tweets posted each day, according to a person familiar with the companys thinking, who spoke on the condition of anonymity to describe the state of negotiations.
Twitters leaders are skeptical of Musks ability to use the fire hose to find previously undetected information: The data stream has been available for years to the companies that pay Twitter for the ability to analyze it to find patterns and insights in the daily conversation. They, along with some analysts and Silicon Valley insiders, say that Musk is using the data requests as a pretext to wiggle out of the deal or to negotiate a lower price.
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Interesting how many on the left rapidly shifted from rage at the possibility of Musk buying Twitter to hoping that he can’t get out of buying Twitter.
Not that those on the right are any better of course. Just reality of how most people are ruled by emotions and not rational thought.
Which explains a lot.-
Interesting how many on the right actually think those on the left give 2 sheets about Elon Musk
I mean seriously not many people on the left really care
Now Im sure Twitter shareholders who were scheduled to get a huge premium for their stock
Are quite ticked if at Elon MuskPerhaps you are confusing them with angry leftists
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Funny
Boomers have no understanding of the younger generation
And know real understanding about social media especially the twitterscape and trolling on it
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Interesting how few on the left actually gave a Tinkers damn about Musk & his Twit.
But youd believe the 180° opposite from rightest medias misformation.-
I like Tesla but it is still really a luxury vehicle. It would be nice to have a hybrid type vehicle that could be like half solar/half electric-something like that.
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He met with Twitter employees yesterday too
[h3][link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.cnbc.com%2F2022%2F06%2F16%2Felon-musk-is-addressing-twitter-employees-live-updates-from-the-meeting.html]Here’s what Elon Musk just told Twitter employees -[/link][/h3]
Elon on free speech (paraphrased): People should be allowed to say anything they want, but that doesnt mean Twitter should promote it.(My $0.02 — Musk’s *solution* seems to be to allow people to filter what they see. But that does absolutely nothing about misinformation and hate speech. …. Facebook allowed microtargeting with hateful gross misinformation. T he vast majority if its users never saw and never even knew existed …. but it was terribly harmful.)
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Musk says he has a “strong bias towards in-person work.”
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On potential layoffs: It depends. The company does need to get healthy. Right now the costs exceed the revenue … Anyone who is a signification contributor has nothing to worry about.”
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should fire himself. He’s a large part of their stock taking a dump. Also how much of this stuff has he even invernted? I kind of think he plays himself up but he’s really the one that invested in the tech.
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[link=https://thehill.com/policy/technology/3548372-elon-musk-had-eight-and-ninth-children-with-top-executive-last-year-report/]https://thehill.com/polic…tive-last-year-report/[/link]
Elon Musk had eight and ninth children with top executive last year:[/h1]-
Baby Daddy.
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Its weird he has multiple sets of twins and triplets
I wonder if rainman has a weird sex fetish and cant procreate normally
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He is absolutely pro-procreation. He has made a lot of statements about that.
Wouldn’t surprise me at all f these twins were some arrangement.-
Quote from dergon
He is absolutely pro-procreation. He has made a lot of statements about that.
Wouldn’t surprise me at all f these twins were some arrangement.
He’s the Anotonio Cromartie of business douches.
[link=https://bleacherreport.com/articles/2608852-antonio-cromarties-estimated-child-support-reportedly-revealed]https://bleacherreport.co…rt-reportedly-revealed[/link]
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Quote from Chirorad84
Its weird he has multiple sets of twins and triplets
Those were IVF side effects.
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Quote from fw
Quote from Chirorad84
Its weird he has multiple sets of twins and triplets
Those were IVF side effects.
Yeah.
Which is why this most recent story feels more like “I made an arrangement with this female executive I was dating and we had twins” than “I banged this woman at the office once and knocked her up.”-
Or
He cant have sex normally and wants to have a bunch of kids
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Quote from dergon
Quote from fw
Quote from Chirorad84
Its weird he has multiple sets of twins and triplets
Those were IVF side effects.
Yeah.
Which is why this most recent story feels more like “I made an arrangement with this female executive I was dating and we had twins” than “I banged this woman at the office once and knocked her up.”
Not following the logic here.
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Its weird he has multiple sets of twins and triplets
I wonder if rainman has a weird sex fetish and cant procreate normally
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Hahahaha
Antonio cromartie at least did it the old fashioned way
Sounds like Elon enjoys plastic cups
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Elon Musks deal to buy Twitter is in peril
[link=https://www.msn.com/en-us/news/techn…ril/ar-AAZkDlN]https://www.msn.com/en-us…techn…ril/ar-AAZkDlN[/link]
The bot numbers may be unverifiable
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Elon pulls out for the first time ever.
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Contractus interruptus. Twitus interruptus?
Anyone surprised raise your hands.
………anyone? Hello?
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[b]https://www.nytimes.com/2022/07/11/business/dealbook/elon-musk-twitter-deal-lawsuit.html
[/b]
Why Musk May Be Stuck[/h1] Twitter is in a good position to sue under a legal doctrine called specific performance, which allows courts to force a transaction to be completed, even if one of the parties wants out.__________
[link=https://thehill.com/regulation/court-battles/3551672-twitter-hires-law-firm-to-prepare-to-sue-elon-musk-over-scrapped-deal/]https://thehill.com/regul…sk-over-scrapped-deal/[/link]
[b]
Twitter hires law firm to prepare to sue Elon Musk over scrapped deal[/b]
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The venue for this legal challenge is the Delaware Court of Chancery.
Interesting to note that Twitter’s recently hired legal team includes Leo Strine, former Chief Justice of the Delaware Supreme Court……who also spent a lot of his career at Skadden Arps, the firm Musk has hired.This is going to be ugly.
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[link=https://www.eonline.com/ca/news/1337501/elon-musk-tweets-meme-of-himself-laughing-in-response-to-twitters-lawsuit-threat]Elon Musk Responds to Twitter’s Threat of Lawsuit … Tweets Meme of Himself Laughing on Twitter
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[link=https://twitter.com/elonmusk/status/1546344529460174849?s=20&t=3tf8ksT6zO–xld-9WwJeQ]https://twitter.com/elonm…3tf8ksT6zO–xld-9WwJeQ[/link]— Elon Musk (@elonmusk) July 11, 2022
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Elon Musk, head troll or Twit, whistling past the graveyard. But he can’t be sure the only twit to be damaged will be Twit the company and not twit the Twit-troll.
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well at least he can write this off as a tax deduction.
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[b]Trump Escalates Attacks on Elon Musk[/b]
Former President Donald Trump continued his war of words with billionaire Elon Musk on Wednesday, saying he could have made Musk drop to his knees.
Said Trump: When Elon Musk came to the White House asking me for help on all of his many subsidized projects, whether its electric cars that dont drive long enough, driverless cars that crash, or rocketships to nowhere, without which subsidies hed be worthless, and telling me how he was a big Trump fan and Republican, I could have said, drop to your knees and beg, and he would have done it.
He added: Now Elon should focus on getting himself out of the Twitter mess because he could owe $44 billion for something thats perhaps worthless.
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I am waiting for Trumps story about Steve Jobs & later Tim Cook getting on their knees begging for his help for Apple. Im sure even the Pope got on his knees begging for Trumps help.
Oy!
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Because after how many bankruptcies we know what a stable genius Trump is.
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I am sure his fart can stop Ukraine from advancing. He is so full of it.
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[link=https://www.dailymail.co.uk/news/article-10966153/Hunter-Biden-spent-30k-prostitutes-FIVE-MONTHS-documents-reveal.html]https://www.dailymail.co….-documents-reveal.html[/link]
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you know there’s a Hunter Biden, right?
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[link=https://www.bloomberg.com/opinion/articles/2022-07-09/elon-s-out?fromMostRead=true]Elons Out[/link]
(opinion by Matt Levine)
[b]Musk lost interest in pretending to buy Twitter.[/b]
I think it is helpful to start with the big picture. Elon Musk is the richest person in the world, and, like many other rich people, he has some unusual and expensive hobbies. One of his hobbies is that he sometimes likes to pretend that he will acquire public companies. [link=https://www.bloomberg.com/opinion/articles/2022-07-09/elon-s-out?fromMostRead=true#footnote-1]1[/link] He seems to find this fun, and why not? When he pretends that hell buy a public company, it creates a big drama with him at the center of it. He gets to boss people around, mobilize legions of bankers and lawyers and financing sources and random hangers-on [link=https://www.bloomberg.com/opinion/articles/2022-07-09/elon-s-out?fromMostRead=true#footnote-2]2[/link] hoping to get the deal done, and then when he gets bored he can tell all those people to go home. Haha got you, he can say, and they can all have a good laugh, or he can anyway.
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{A}s a legal matter and here I should emphasize that nothing in this column is legal or investing advice; if you are Twitter or Elon Musk you should consult your very expensive lawyers, and if you are reading this column to make bets on Twitters stock, cut it out but as a legal matter: Is this pretext good enough to get him out of the deal? Well, look. If Musk can prove that in fact Twitter has been running a years-long fraud on its shareholders and advertisers that it has knowingly been massively understating the number of bot accounts in order to trick companies into buying Twitter ads and shareholders into buying Twitter stock then, sure, [i]maybe [/i]that will get him out of the deal. Twitter does [link=https://www.sec.gov/Archives/edgar/data/1418091/000119312522176753/d283119dprer14a.htm#anxatoc283119_23]represent in the merger agreement[/link] that its SEC filings are correct, and the SEC filings [link=https://www.sec.gov/ix?doc=/Archives/edgar/data/1418091/000141809122000075/twtr-20220331.htm#ibdf562f494e94b1393de418559c315d9_130]do say[/link] that Twitter estimates that bots are under 5% of mDAUs, though they caveat that this estimate is based on an internal review of a sample of accounts and we apply significant judgment in making this determination. If Twitter were simply lying if it knew that bots were really 75% of mDAUs then I suppose the rep would be false. Again there is absolutely no evidence for this,{Musk’s lead attorney} Ringlers letter makes it fairly clear that Musk is never going to offer evidence for it, Twitter has publicly and persuasively [link=https://www.wsj.com/articles/twitter-defends-spam-accounting-amid-elon-musk-takeover-11657222789]defended its methodology[/link], and third-party analyses that are [i][link=https://sparktoro.com/blog/sparktoro-followerwonk-joint-twitter-analysis-19-42-of-active-accounts-are-fake-or-spam/]sympathetic to Musk[/link] [/i]nonetheless [link=https://stratechery.com/2022/musk-twitter-and-bots-bot-experience-bot-science/]seem to support[/link] Twitters numbers. But if you just pretend that Musk can somehow prove that Twitter is lying then, sure, fine, the representation would be false.
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{lots of really good legal analysis}
Musks goal here is presumably to walk away from Twitter and pay only $1 billion in damages. That would make this whole lark of pretending to buy Twitter an expensive joke, but definitely one he can afford. Paying $33.5 billion and having to own and run Twitter would sort of spoil the fun.
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The spoiled brat A-hole signed a contract. Looks like hes going after the stable genius moniker from Trump.
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I have to admit o think its amusing when the trumpers think he is one of them and get all happy thinking Musk is owning the libs
Musk is just a really rich guy who doesnt like anyone
And the libs really dont pay much attention to him aside from his cars which are actually pretty cool
Spoiled little rich boy is actually spot on
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[h1][link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.reuters.com%2Flegal%2Ftransactional%2Fjudge-twitter-v-musk-made-rare-ruling-ordering-deal-close-2022-07-15%2F]Judge in Twitter v. Musk made rare ruling: ordering a deal to close[/link][/h1]
a bit of a bad draw for Elon on the judge
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Now the fun begins:
[h1][b]Elon Musk Opposes Twitters Request for Expedited Trial Over Stalled Deal[/b][/h1]
[link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.wsj.com%2Ftopics%2Fperson%2Felon-musk]Elon Musk[/link] filed a motion Friday opposing [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.wsj.com%2Fmarket-data%2Fquotes%2FTWTR]Twitter[/link] Inc.s [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.wsj.com%2Fmarket-data%2Fquotes%2FTWTR%3Fmod%3Dchiclets]TWTR 4.00%[/link] request to expedite a trial over [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fmusk-says-he-is-terminating-twitter-deal-11657315905%3Fmod%3Darticle_inline]his intention to terminate[/link] his $44 billion takeover.Lawyers for Mr. Musk filed papers with the Delaware Chancery Court, their first public response to [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.wsj.com%2Farticles%2Ftwitter-sues-elon-musk-over-attempt-to-walk-away-from-44-billion-deal-11657660307%3Fmod%3Darticle_inline]the lawsuit filed earlier this week[/link] by the social-media company seeking to enforce the terms of their merger agreement. The court should reject Twitters unjustifiable request to rush this, they said in their filing.
Twitter has asked the court to expedite the proceedings, citing risks from the recent economic downturn and being held in limbo by a buyer. The company requested a trial by mid-September to protect Twitter and its stockholders from the continuing market risk and operational harm resulting from Musks attempt to bully his way out of an airtight merger agreement.
[link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.wsj.com%2Farticles%2Felon-musk-opposes-twitters-request-for-expedited-trial-over-stalled-deal-11657921461%3Fmod%3DdjemalertNEWS]https://www.wsj.com/articles/elon-mu…=djemalertNEWS[/link]
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[link=https://www.theatlantic.com/ideas/archive/2022/07/musk-twitter-deal-break-lawsuit-claims/670515/]Derek Thompson[/link]:
[h1]Elon Musk Is a Nightmare Client[/h1] Musk cites three reasons for terminating his merger with Twitter. A new lawsuit points out why each of those reasons is extremely flimsy.
[b] [/b]Twitter puts itself in the maximum position of leverage with that lawsuit to win in court, or to get Musk to the negotiating table to extract a large settlement before he goes on his merry way. The strongest argument is the framing of the complaint. They frame the complaint as one of buyers remorse: Musk realized he made a mistake and is looking for an exit.
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The Delaware court hears disputes between the biggest corporations in the world, represented by the most sophisticated counsel, with the most significant investors on Wall Street. When they show up in court with a contract, the court presumes that when they signed that contract, they meant it. Theyre not going to allow parties to just walk away from deals. Musk is a big boy, and this court treats these parties like big boys and girls. When they make mistakes, they have to eat their mistakes. Were not talking about you going into the mall and buying a new cellphone and the company hands you a 25-page contract you cant read, and you sign it and are surprised by what it says. These parties pay their lawyers $1,000 an hour or more so that they know exactly what every contract says.…
Delaware lives and dies by corporate law. If Delaware is unable to enforce an order, Delaware goes out of business. So enforcing an order is of the highest priority for a Delaware court. Delaware has a [link=https://delcode.delaware.gov/title10/c003/sc04/index.html]sequestration statute[/link] that permits a judge in the Chancery Court to order the seizure of a partys assets in order to secure their appearance in court. Tesla is incorporated in Delaware. So, in theory a court could seize Tesla shares in order to compel Musk. A Delaware court will not be pushed around by Elon Musk.[/QUOTE]
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Opinion (by energy columnist Liam Denning)
[h3][link=https://www.bloomberg.com/opinion/articles/2022-07-19/let-s-hope-twitter-beats-elon-musk-in-court-and-quickly?srnd=premium-canada]Lets Hope Twitter Beats Elon Musk in Court, and Quickly[/link][/h3]
A Delaware judge has ample reason to expedite the trial and demonstrate that the laws that benefit us all including the Tesla CEO aren’t to be toyed with.Twitters lawyers lay out the increasingly expansive demands from Musks advisers as the deal progressed, alleging quite convincingly that this was a ruse to give Musk an excuse to withdraw. The request for a working copy of the valuation model of Twitters own bankers stands out as a badge of deep unseriousness. The [link=https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rGhQutfFOaBk/v0]response[/link] to Twitters complaint, filed Friday, echoes this approach: Musks lawyers request a more detailed and sloooow examination of the bots issue, which is what they would like the case to be about. But Twitter has it right: Their client signed a merger agreement that had nothing to do with bots.
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Musks most committed fans admire his ability to seemingly [link=https://www.bloomberg.com/opinion/articles/2018-09-30/elon-musk-sec-settlement-he-wins-but-tesla-loses?sref=kOk687Pk]shrug off conventions and regulators[/link]. Under this way of thinking, Musks business achievements mean that society should tolerate his foibles. But this is nonsense. Yes, he is fostering a revolution in electric vehicles. But he has been richly rewarded for that. Indeed, given that Tesla has shed almost $460 billion of value over the past six months yet still trades at 66 times forward earnings, one could say he has been rewarded well in advance of his achievement. No other perks are required.
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What explains the remarkable strength of the US public markets? One critical element is a set of laws and guidelines designed to ensure, among other things, that when someone signs a binding agreement they complete it in good faith. To assume that one can reap the benefits of a financial system built painstakingly by others over decades but then flout the rules that make it work when they become inconvenient requires a special audacity.
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Quite interesting hearing.
twitter: deal isnt contingent on number of bots!
musk: but the bots!
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10 minute recess…
Judge rules for twitter. Expedited trial in October.
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I’d love to see him get fudged. make him eat his foot.
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I head a Bloomberg legal analyst give twitter 60% odds of winning and a “best guess” settlement in the $6 billion range.
(The $1 billion walk-away only can come into play if Musk can prove something shady)
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