The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site.
Sorry, but if you’re capable of signing a $44 billion contract and the other party has a reasonable expectation that you’ll be able to produce that $44 billion, you’re capable of doing the same steps as someone who wasn’t “joking”. There is no “lol jk” exceptions in contracts.
And honestly, with everything he’s doing now with Xitter and influencing public policy, I believe he knew exactly what he was doing and the “joke” and “uh oh I didn’t mean it!” was part of that
Sorry, but if you’re capable of signing a $44 billion contract and the other party has a reasonable expectation that you’ll be able to produce that $44 billion, you’re capable of doing the same steps as someone who wasn’t “joking”. There is no “lol jk” exceptions in contracts.
And honestly, with everything he’s doing now with Xitter and influencing public policy, I believe he knew exactly what he was doing and the “joke” and “uh oh I didn’t mean it!” was part of that