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To: MtnClimber
Twitter lost $221 million in 2021. Twitter also revealed last month that it had suffered a first-quarter loss and that it has ‘accidentally overstated’ its number of users since 2019.

"Accidentally overstated" it's number of users! Sure it did!

That should be enough to claim that the Twitter Board of Directors made a fraudulent report on the value of Twitter.

Is that enough to force a renegotiation for a lower price?

5 posted on 05/15/2022 4:09:22 AM PDT by airborne (Thank you Rush for helping me find FreeRepublic! )
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To: airborne

“Is that enough to force a renegotiation for a lower price? “

If proven it is enough to vitiate the entire contract. The court would not enforce the contract.


17 posted on 05/15/2022 5:14:00 AM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: airborne

A Company losing this amount of money isn’t worth $44B. It is an absurd valuation especially since the number of bots is way above 5% they “claim”. Advertisers are getting ripped off so they will likely sue the Company. Musk should stay away from that quagmire.


34 posted on 05/15/2022 8:32:00 AM PDT by Metrobank
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