Posted on 07/09/2022 7:04:10 AM PDT by libstripper
Elon Musk has notified Twitter and the SEC [SEE LETTER HERE] that he is exercising his “right to terminate the merger agreement and abandon the transaction contemplated” due to the social media company not providing transparent access to background data that would allow authentication of “monetized daily active users” (mDAUs).
It appears that Twitter Inc did not want to reveal how Jack’s Magic Coffee Shop was able to sustain operations, at an extremely high cost, without making money. That’s the essential source of the issue.
The social media company did not want anyone looking at the data stream inside the communication platform. Musk was not allowed to authenticate the number of real users and identify the number of ‘spam’ or ‘bot’ accounts within the platform.
(Excerpt) Read more at theconservativetreehouse.com ...
Tweet executives will never disclose the enormous number of bots on the platform Bots are controlled and conservatives are banned
Musk played a masterful game of chess here, but it takes a lot of resources to play games like this.
My money is on Elon.
I have had the thought that Twitter has a little CIA baked into their cake, along with that other magical ingredient, CCP.
Twitter will drop this. Musk will require discovery, and he’s no idiot to not have prepared for this. If Twitter stays at it, it will take two years of wrangling. By then, Trump will be in office and the FTC will be looking hard at their fraudulent misleading of investors.
Watch for this to quietly go away soon…
I don’t think this deal is dead by a damn sight. Twitter will sue him and he will get the information he sought in the first place in discovery. After some wrangling and eye poking a settlement will be announced where Musk buys for a lower price.
I’d say Twitter pays to make it go away, but my sense is that they don’t have the money. Also, if this falls apart, Twitter can’t survive the poop storm of shareholder suits it will be hit with.
Basically, this game was over the second Musk bid on them.
Musk, like Trump, is a savvy businessman and would never buy a pig-in-a-poke. I agree that Twitter and Facebook have government baked in the cake.
You still think Republicans will support the Constitution and stand up for us./sarc
Heard that for years about Facebook too. I would guess it's the same clique, even if not the governments directly.
Musk can collapse their stock price, which will open a floodgate of shareholder suits. If nothing else, Musk has shown that Twitter is as fake as Biden’s 81 million votes.
there are lawsuits all around on this deal.
......I think your theory re “watch for this to go away soon” MAY be on target. But, naively perhaps, I think Musk has at least a cup full of patriotism in his blood. Therefore he is aware and understands the THREAT to America that this subject represents. So, maybe, he will not walk away from it ???
Seth Rich was a young kid with no protection. Musk is a whole horse of a different color.
When I was on the platform, it was filled with users with names like @JohnBoy34494354
Come on, what real person would choose that as an online handle?
I think a lot of investors at this point pretty upset about the fraud within Twitter. So maybe thye will bring suit agaisnt Twitter. Hopsfully they do anyways.
When I was on the platform, it was filled with users with names like @JohnBoy34494354
Come on, what real person would choose that as an online handle?
Richard Thomas?
CIA: Communist Infiltration Agency
It’s more then Musk having grounds for a lawsuit.
Peddling phony traffic numbers inflates ad prices.
Which means Twitter was defrauding their customers.
It’ll cost him chump change to settle any claims, and in the end his actions will be proven brilliantly shrewd.
Absolutely!! Twitter was masquerading as a real company and mistook its immunity for content as a blanket. It is a house if cards that is about to fall. Selling to Musk with a hearty escrow might be their only way out. They are just to arrogant to see it yet.
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