How exciting! The court hearing in which Twitter argues for a fast-track trial, while Musk begs for time to dawdle and make jokes and trash-talk is happening right this minute!
Twitter Inc’s (TWTR.N) showdown with Elon Musk over his $44 billion takeover faces its first test on Tuesday, when a judge will weigh the company’s bid for a fast-tracked trial which it says it needs to ensure deal financing doesn’t come unraveled.
The San Francisco-based company is seeking to resolve months of uncertainty for its business as Musk tries to walk away from the deal over what he says are Twitter’s “spam” accounts that he says are fundamental to its value.
Wait, did I say “exciting”? I don’t think that’s the right word for a sense of dread combined with disgust at billionaires. Is there a good word for that? It would be very useful.
I think I want Twitter to win this round, so that the agony isn’t prolonged, and so Musk gets a preliminary slap in the face. But I don’t want Musk to be compelled to buy Twitter, because he’d just wreck it worse than it already is. The ideal ultimate solution would be if eventually Musk is let off the hook but has to pay a tremendous “fuck around and find out” penalty: a few billion to Twitter, and many billions more to public service, like a windfall to public libraries, for instance. Just dreaming here.
@Kolyin is live tweeting the hearing, if you want to follow along.
The hearing is over. The judge essentially decided in favor of Twitter, scheduling the big battle for 5 days in October. Man, I wish the lawsuit against us could have been resolved so speedily (yeah, that’s speedy for a trial.)