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Elon Musk admits X 'may fail, as so many have predicted'
(www.businessinsider.com)
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this post was submitted on 20 Aug 2023
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Best part was he tried to chicken out of his own deal but the feds obv wouldn't allow him back off on his very own proposal to buy Twitter in the first place!
Delaware Court.
Contract law is weird.
Not really. He entered into a binding contract and agreed to bypass due diligence.
That wasn't even offered by Twitter, he just agreed without any prompting.
Yes yes yes. But that binding contract was in Delaware. Because contract law is weird.
In practice, most business contracts are enforced by the state of Delaware, not the federal government nor any national-level court. Yes, its a state-level court.
Side fact. Delaware's has more registered companies then people