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ChiGoose

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Everything posted by ChiGoose

  1. We need some serious electoral reforms and while a maximum age wouldn't be at the top of my list, it's a darn good idea and would probably be broadly popular.
  2. As far as I know, there is not another buyer lined up. But Twitter's stock price has taken quite the hit since this whole ordeal started. There is no guarantee that it will rebound upon resolution (whatever that may be). As a public company, Twitter has a fiduciary duty to its shareholders, so it's possible that the board will be sued for mismanagement that led to the stock drop. If the stock price remains low, it is possible that another buyer comes in at a price lower than $44 billion and buys Twitter. In any case, the board has made a solid case that it should be replaced. Either by Musk upon acquisition, or, if he does not end up buying it, then they should be forced to resign and replaced by people who would be better stewards. As an aside, Musk planned on leveraging some of his Tesla stock to finance the deal and since then, Tesla's stock has also plummeted (which makes the Twitter deal less affordable to Musk). There is an outside chance at a similar shareholder lawsuit on behalf of Tesla stockholders but that seems less like than the one for Twitter.
  3. The board basically has to say that they are committed to the agreed upon price or else they are inviting shareholder suits. I agree that it seems unlikely at this point that Musk buys Twitter for the full price. I'm not going to make a prediction other than the fact that it's going to be very messy unless Musk just cuts the $1 billion check (which I doubt he will).
  4. So what you're saying is that ERCOT didn't sufficiently diversify it's power sources to prevent outages? Also, turbines freezing wasn't the driver of the outage in the 2021 cold snap. Plus, wind turbines can be weatherized to prevent them from freezing. Texas just didn't do that.
  5. Hungary is an illiberal democracy. Essentially, a one party state with a quasi-dictator that has the trappings of democracy. How Victor Orban Hollowed Out Hungary's Democracy
  6. If you were running a serious investigation, you would not want their first testimony to be done publicly. You would want it behind closed doors. That way, you can fact check their statements and compare them to statements made by other witnesses to assess their credibility. Not doing this would allow a disingenuous witness to lie to the public and have that lie spread before it could be questioned or debunked by other testimony. Additionally, you want to limit what is included in public testimony if the investigation is ongoing. Having someone publicly testify to a situation that you are going to ask someone else about later allows the latter person to coordinate their story to what they heard in the public testimony. It's like the old joke about the flat tire. So, while we should want all of the testimony to be made public once the investigation is concluded, there are legitimate reasons why not every witness should testify publicly right away.
  7. A simple way to build redundancy into the grid would be to connect it to either the Western or Eastern Interconnect grids (or both?): But that would require meeting federal standards and regulations, preventing ERCOT from price gouging your average Texan...
  8. Twitter's Chairman has already announced that they are taking this to court: Seems like they aren't that worried about the discovery process.
  9. It seems incredibly unlikely, even impossible, for Musk to back out due to the bots at this point. Which is why his lawyers are trying a different tactic: Essentially every expert I've read on this believes that Twitter is screwed at this point. Their absolute best outcomes here are that either Musk ends up buying them for $44 billion (which seems very unlikely) or they successfully sue him for damages exceeding the $1 billion breakup fee. In the latter case, the company's stock has taken a big hit, the board has absolutely failed and should be replaced and they will likely face shareholder lawsuits (Musk also may face shareholder lawsuits). Twitter is going to be severely damaged from all of this, with an uncertain future.
  10. I am not an M&A attorney, but from what I've read from M&A lawyers commenting on this deal, this is not correct. Here's an example that might help: I own an apple orchard that is well liked, but it is known that some of the apples are rotten before they make it to market. You want to buy my orchard, in part, because you want to fix the rotting apples problem. You make a preliminary offer and I accept. We begin negotiations on the deal. I tell you that only 5% of the apples are rotten when they make it to market. I provide you with an internal audit the orchard did to arrive at these numbers. You are still skeptical, as this seems low given your experience with the apples. You ask for more information and for the opportunity to walk through the orchard to examine the apples yourself. I reject that and say that the report proves that it is only 5%. Now, the M&A agreement is in front of you, awaiting your signature. You have two choices: Do not sign it and walk away from the deal because of your concerns about the rotten apples Sign it, knowing that you are abandoning any claim about the rotten apples Musk went for option 2. I do not know what advice his lawyers gave him, but even if Twitter was knowingly lying, Musk has little chance of success to cancel the deal outright at this point.
  11. That’s what due diligence is for. You investigate this stuff before you agree to buy a company. Musk pointed out the bot problem as a reason he wanted to buy Twitter. If they then said only 5% of accounts are bots, he probably should have been suspicious if he thought the problem was worse than that (which, again, is part of why he wanted to buy Twitter). Musk cannot use bots as an excuse to end deal
  12. From what I can tell, the absolute best outcome for Musk at this point is that he owes Twitter $1 billion. This bot crap is what you figure out BEFORE you sign the M&A. If Twitter was actually hiding the bot numbers then either Musk’s team was too dumb to realize that and signed the M&A or they didn’t care and signed the M&A. In any case, this really seems like someone got out way over their skis and is now trying to find a way out of a bad deal.
  13. https://www.ercot.com/news/release?id=90030206-5cf5-db8e-13d1-f8fe2bd0128f Texas is so amazing that they cannot provide power when the weather is too hot or too cold. But do not fear! The corporations will be able to price gouge their way to profits regardless of what happens to the average Texan.
  14. If they wouldn’t disclose the bot info during negotiations, then he should never have signed the M&A agreement.
  15. So long as they stay on public property and do not threaten him, then it may be in bad taste, but he's a public figure and should not be surprised by it. The moment they step onto his, or other private property, or they threaten him with harm, they should be arrested.
  16. Harassing people in a restaurant is uncivil. Chasing someone into the bathroom is uncivil. Though, in this case, the protesters were outside the restaurant and Brett reportedly never saw them. Seems like important context.
  17. It is rude and a lack of civility to protest individual people, but on the list of problems with this country, that doesn’t crack the top 20, at least. EDIT: Secretary Mayor Pete says it better than I did:
  18. It would have been stupid for a lefty to leak it because doing so early would take the punch out of the final decision. Also, it would make the shock of the decision come even further from the midterms, potentially allowing the furor to die out before it could help the Dems in November. That doesn’t preclude a lefty from having done it, but it would have been counter-productive for them to do so.
  19. Last time I checked, the $6T didn’t happen because there wasn’t enough Dems to support it. They couldn’t even get 50 votes. I bet if you put it on the floor of the senate, they wouldn’t have even gotten 40. So… how did the filibuster stop it?
  20. I’m really enjoying it. The show has a lot of heart and it’s nice to see them do something very different than most of their IP.
  21. This is 100% pure BS. The idea that Dems hate this country can only be believed by someone who is so indoctrinated into their own bubble that they have isolated themselves from reality. As someone who supports the Dems, who knows many Dems, including some that work in politics and government, they love this country as much as any Republican I’ve met. If you ever find yourself believing something as ridiculous as the idea that 1/3rd of the country actually hates the country, then log off, throw your modem in the trash (because you can’t use it responsibly) and go outside and touch some grass. Good lord.
  22. Right now, I’m having a beer on a bar patio (the weather is currently delightful). If you come to the public sidewalk and yell obscenities at me, I will be annoyed and move indoors. If you then come into the private institution and do the same, you’ll be kicked out. In any case, people can call you an ####### and question the efficacy of your methods, but you have violated none of my rights.
  23. Public protests on public property, though dubiously effective, have been a part of this country since its founding. I will agree that stalking, invasion of private property, and definitely attempted assassination are not acceptable and should be dealt with by authorities. Your brain is so addled I’m surprised you’re able to type on a keyboard. Sincerely, A Democrat who loves this country.
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