Posted on 04/28/2022 6:03:35 PM PDT by NoLibZone
Social media platform Twitter recently published its earnings report for the first quarter of 2022, falling short of expectations. The Company also admitted it had overstated its daily active users for several years, supposedly by error. The earnings report is expected to be Twitter’s final report as a public company following Elon Musk’s successful bid to take the company private.
CNBC reports that Twitter has reported earnings for the first quarter of 2022 amidst Elon Musk’s successful bid to purchase the company and take it private. CNBC has summarized the report which can be seen below:
(Excerpt) Read more at breitbart.com ...
I had posted a different article anout the same issue.
This is HUGE,
Twitter board and management commite finsncial fraud.
Elon will sue each individually.
We shall see suicides over this.
I believe he can cancel the deal over this. Or buy for a much lower price.
Hope he does ... they committed fraud and Elon probably overpaid.
Yeah right. Twitter is HQ in CA, 9th circuit will never rule against protected class of Democrat wokesters...wokerati rule blue states, cities, counties and courts.
Twitter Earnings Fall Short as Company Admits Overstating User Numbers
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Uh,,, it’s not an ‘ overestate’
It’s FRAUD.
Translation. All those bot accounts belong to twitter itself so they need to get rid of them before Musk's people go in and find out. Oops, those 1.9 million accounts never really existed, we goofed.
Sounds like fraud at the minimum but I bet it’s a lot more serious than that.
assuming the article is stating the user overestimates worldwide not just in the US it seems to be by like 1% only.
Innumerable bots that no doubt pushed up the likes or “hearts” of real accounts that belomged to real people within the bigtech/biggovt/deepstate/big media crowd.
Spot on post.
they charge for advertising based on eyeballs... yes?
can advertisers claw back any of that money for fraud??
They have to have a cover for all the self generated propaganda bot accounts they just deactivated...
They are often overturned on appeal since the 9th is a joke. The inevitable will just be delayed.
“Translation. All those bot accounts belong to twitter itself so they need to get rid of them before Musk’s people go in and find out. Oops, those 1.9 million accounts never really existed, we goofed.”
Yep, absolutely. Cover up story...
I just posted the same as soon as I read it. We knew all along and now here it is...
What company doesn’t want to know exactly how many customers, subscribers, users, etc. it has? Its some of the most elemental data a company gathers. Management places huge importance on ACCURATE numbers.
What company doesn’t want to know exactly how many customers, subscribers, users, etc. it has? Its some of the most elemental data a company gathers. Management places huge importance on ACCURATE numbers.
Twitter executives didn’t kill themselves.
Of course they know the real numbers....it’s an auto count.
Musk was foolish to buy vefore earnings.
I’m sure there is a lot of “due diligence” baked into the offer.
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