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Jul 8, 2022 • 4 tweets • 1 min read
tl;dr on Elon's filing with the SEC:
- Musk has been asking Twitter for information related to their process of identifying & suspending spam accounts and the data to verify this since May 9
- Twitter hasn't provided the required data, only providing samples/tiptoeing around it
- Twitter's ongoing refusal to provide info that Musk requested breaches the Merger Agreement
- They were notified of this breach over a month ago meaning the cure period in the agreement has passed
- Musk, therefore, exercises his right to abandon the merger agreement
Apr 4, 2020 • 5 tweets • 2 min read
Been reading about the Luckin Coffee saga which is just incredible.
A short thread 👇
For background, Luckin Coffee was started in 2017, and within 2 years had 5000 coffee stores in China, opening a new store every 3-4 hours at one point.
It went public on the NASDAQ in May 2019, less than 2 years after founding and its stock doubled within six months of its IPO.