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Just 24 months ago, today’s episode would seem like crazy-talk, but instead, it’s real talk as we dive into Elon Musk’s purchase of Twitter, Texas’ turning up the heat on used car retailer Vroom, and Meta is opening a real-world store to hoc the metaverse. And it’s only Tuesday, Troublemakers. 

• Vroom is getting sued by…Texas over alleged deceptive trade practices

  • “According to a news release distributed on Wednesday, the lawsuit against Vroom, which also sells vehicles to Texas consumers under the name Texas Direct Auto, alleges that company has misrepresented and failed to disclose significant delays in transferring clear title and obtaining vehicle registrations, “burdening thousands of consumers.””
  • Also states Vroom failed to disclose vehicle history, condition, and financing terms
  • Received over 5000 complains from the BBB

• Elon is buying Twitter for real

  • 54.20 per share, a 38% premium
  • Timeline of events: 
    • Jan. 31: Musk starts building his stake 
    • March 24: Musk starts critiquing Twitter, on Twitter
      • “Worried about de facto bias in the Twitter algorithm having a major effect on public; Twitter algorithm should be open source,” Musk tweeted on March 24.
      • “Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?” Musk asked his Twitter followers in a poll posted on March 25.
      • “Is a new platform needed?” Musk asked in a tweet on March 26. “Am giving serious thought to this.”
    • April 4: Musk’s stake becomes public, and he’s invited to join Twitter’s board
    • April 5: Musk becomes an active investor -Musk refiled the disclosure of his stake to classify himself as an active investor, making the change only after indicating that he would accept a seat on the social media company’s board.
    • April 9: Musk rejects the board seat
    • April 10: Twitter makes the news public
    • April 11: Speculation abounds: Musk files an amended disclosure with the SEC. He can now purchase as many shares as he wants.
    • April 14: Musk makes his “best and final” offer to buy the whole company ​​$54.20 a share, a 54% premium
    • April 15: Twitter adopts ‘poison pill’ to ward off Musk takeover
    • April 16: ‘Twitter’s board owns almost no shares’
    • April 19:  Musk retains Morgan Stanley to consider leveraged buyout
    • April 21: Musk lines up $46.5 billion in funding as he talks about a tender offer
    • April 24: The board holds discussions with Musk
    • April 25: Musk will buy Twitter for his original offer of $54.20 per share
  • Musk will take the company private. Musk said he will prioritize free speech on the site, open-source its algorithms, eliminate spam and add new features
  • Deal will likely take 6 months to close
• Musk has taken shots by Jeff Bezos asking if China just gained a

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.

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