Tony Lewis, Summit Real Estate Group Valencia & Aliso Viejo (Summit Real Estate Group)

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Rainmaker
1,661,381
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

I think we wasted a whole lot of time hearing about him buying Twitter, and now we'll have to waste a lot of time hearing about him not buying Twitter.   Aren't there more important topics for the media to cover?

Jul 08, 2022 06:11 PM
Rainmaker
1,424,800
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

He backed out because Twitter can't verify their numbers.  Their 5% spam/bot accounts claim cannot be backed up with actual evidence.  That's why he backed out.  Massive lawsuit potential.

Jul 08, 2022 10:52 PM
Ambassador
2,758,721
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

If Twitter breached the contract, why should he follow through? That is a lot of money to invest in a virtual company and he needs to hold them to task, he is an extremely smart businessman!

Jul 08, 2022 06:26 PM
Ambassador
1,409,184
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

I think he did most of what he set out to do: expose Twitter for what it is and devalue it.   At some point he might reconsider when the stock is at a more realistic price to take over. 

Jul 08, 2022 05:42 PM
Rainmaker
417,777
Shayne Stone
HomeSmart - Fulshear, TX
"Your Rock Solid Choice Realtor"

Can't blame Elon, Twitter isn't providing the data he needs to justify purchase. Guess Elon has a great bunch of people representing his interest. Kind of like a Realtor - besides it don't really matter Elon has what we call "FU - Money"... LOL

 

 

 

Jul 08, 2022 06:34 PM
Rainmaker
1,048,449
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I don't think much of it. Since "T" has been so involved in fake news and censorship it would lead one to think that Mr. Musk may be on to something that "T" doesn't' want made public.

Jul 09, 2022 07:30 AM
Rainmaker
808,261
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Well, he has been rather busy with other things. Elon Musk fathers twins

 

Jul 09, 2022 07:16 AM
Rainmaker
4,508,476
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Elon knows when he is being taken advantage of! He would proceed, if they would let him see behind the curtain. Would you proceed to purchase an alleged 100 barrels of oil if the seller could only deliver 50?

Jul 09, 2022 04:38 AM
Ambassador
2,604,543
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

I left Twitter a long time ago.   I don't miss it.  

Jul 08, 2022 07:56 PM
Rainmaker
733,747
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

There is a billion dollar back out agreement by either party. So he will be on the hook for that unless he can find a way out of it. Just heard it on the news tonight.

Jul 08, 2022 07:25 PM
Rainmaker
1,000,443
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Tesla board says they will take legal action to enforce Musk's contract to buy Twitter.

Reminds me of a home buyer who is having second thoughts and thinks all they need to do is cancel...forgetting that a contract forged by two parties cannot be unilaterally cancelled by one party.

Since I am not a Twitter stock owner, it makes no diff to me.

Jul 08, 2022 07:00 PM
Rainmaker
517,615
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

In any transaction, even in real estate, the buyer should have the chance to investigate.  If you can't get good information, then you should not make the purchase.  I really do wonder how many fake accounts are on Twitter.  I have been using the site for a long time and continue to wonder if the accounts that follow me are real.

Jul 09, 2022 07:47 AM
Rainmaker
1,759,239
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

I think Twitter is hiding it's true membership numbers & won't comply with the request. If you're going to sell your business you must open up the books.

Jul 09, 2022 05:49 AM
Rainmaker
938,205
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

This is a LOTTA sunlight being shined on Twitter. Fake and bot accounts have been used since  . . . well we know going back to MySpace. Elon is the king of computer nerd engineers, he HAD to have suspected the value was questionable  . . . maybe he intended to F Twitter by bringing their evidence of fraud to the attention of the SEC.
A very smart guy I follow elsewhere seems to think this is a maneuver and Elon will continue with the deal, retooled.
Negotiations 101: the guy willing to WALK has the upper hand.
We live in interesting times.

Jul 09, 2022 05:48 AM
Rainmaker
2,683,652
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The Twitter folks are insane. From start-up, they operated at a loss, gained some momentum and then, the American Dream visited with them i.e., wealth, success and satisfaction. Then, their dysfunction appeared using their powers incorrectly followed by not grabbing the 40 billion they were offered. Wealth, power & fame will corrupt if not commanded correctly

Jul 09, 2022 05:46 AM
Rainmaker
994,362
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

He laid out his terms and conditions up front but they have refused to comply. Would you buy a business if the seller refused to provide full disclosure and did not honor the T&Cs you set out.

Jul 09, 2022 12:45 PM
Rainmaker
1,549,295
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Mr. Musk is a very powerful man, he has power to improve and destroy pretty much any company, and it makes no difference what other people think of his emotional or strategic decisions. 

Jul 09, 2022 11:54 AM
Ambassador
3,145,350
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Being lied to with false and misleading information (let's just call it misinformation and disinformation) is what attorneys call a breach of contract and a good cause to "back out".

Elon is far from the stupid, evil, and corrupt that attempted to bamboozle him! 

 

Jul 09, 2022 10:22 AM
Rainer
301,737
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

Twitter lied big time.  I think they won't be successful in suing him.

Jul 09, 2022 09:51 AM
Rainmaker
1,362,043
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

I think he realized he could no longer afford it after all of his child support payments.  

Jul 09, 2022 08:03 AM
Ambassador
5,697,346
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

He realized he was making a mistake and was smart enough to get out before too much damage was done.

Jul 09, 2022 01:04 AM
Rainmaker
868,028
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I thought the whole thing was a scam and doomed from the start. You would think Musk left himself more than one way out of that contract/deal. I can think of lots of better ways to spend/invest 40+ Billion.

Jul 09, 2022 07:50 AM
Rainmaker
579,643
Jason E. Gordon
AmeriFirst Financial Inc, San Diego, CA - San Diego, CA
Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE

I think he sobered up to the idea and realized it wasn't a prudent investment. Now he's searching for the loophole to exit the contract. In it's own twisted way, it's no different than one of our Clients backing out of an escrow in favor of a different property.

Jul 09, 2022 10:26 AM
Rainmaker
843,962
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Elon is a bit of a flake.

Jul 13, 2022 06:30 AM