Posted on 05/13/2022 5:11:49 AM PDT by zeestephen
I wonder if the offer to buy Twitter was just a way to get Twitter to “open their books”, to expose the site for what it is.
If it is true that the number of fake accounts is much larger then already known, then they are no different then any business that lies to their stockholders, and I believe there are laws against that.
As Twitter supplies more and more documents to Elon Musk, the more secrets that Twitter wanted to keep secret will be exposed. Only they know what secrets will put them in financial and/or criminal jeopardy. The best part is not providing the documents may be as bad as what they are hiding (remember, the cover up is often worse then the crime).
It is hoped that this keeps them too busy to interfere with the 2022 mid-terms.
Not for my wallet. But to destroy Twitter it’s cheap at twice the price.
Fiver.com a few years ago were able to give you 20k subscribers for $5. There were many such offers.
Musk isn't paying a million if Twitter sold him a fraudulent bill of goods. Twitter would likely end up paying him.
What is your price, Jim Robinson?
I was flabbergasted after all of the talk about "poison pill" clauses that the board turned around and accepted Musk's offer.
They must know how weak their position is, and we're now slowly finding out how much of a shell game Twitter's (and Netflixs') user base really is.
He destroyed Twitter- Mission Accomplished!
It may be worth a billion to know that all social media and polls are ran by fake bots.
I wouldn't be surprised if the sell off is not just based on fear that the implicit price support of the acquisition is going away...I think the market may also be worried about a massive SOX violation and the attendant crippling impact.
The really funny thing, is SOX was signed by Dubya.
everyone assumed it was because of the threats of lawsuits like from Desantis..but it may have been really about the shell game
I wish Musk would pull the deal. Let it collapse ..watch the fallout ..and then go back in.
“I would be very surprised if the deal did not provide for an escape path for Musk”
I can’t believe you are the first to bring this up on this thread. If he used a lawyer, the escape clause is there.
Twitter’s fake numbers are going to bite them. If/when Musk backs out, are they going to try to say that he knew the numbers were false, admitting their fraud? Good time for a class action law suit.
That too
Sign a deal which is basically a $1B option to buy Twitter for $55B. Use the access you gain to Twitter’s books to reveal said books are cooked, and tank Twitter’s stock price. Decline to exercise your option to buy Twitter for $55B. Based new, (more) honest stock price, buy Twitter for $25-30B.
Ha! DOJ threw away the keys before they locked anybody up.
Anyone can go to the dark net and pay a botmaster to unleash an army of bots. These bots can be used to inflate user numbers, likes or launch political attacks.
This is the beginning of the end for social media companies like Twitter and Fakebook. Advertisers have been lied to about the number of users on social media. Here come the lawsuits.
I expect that Musk will buy Twitter for pennies on the dollar and re-brand it.
If he doesn’t buy Twitter because he found out that most of their content is bot-generated, I doubt he’d have to pay the breakup fee. That is fraud.
IF MUSK can prove the fake accounts problem, would he still be required to pay $1 billion????
Seems to me that Twitter has been selling a fake product with fake records & income.
THAT SHOULD BE FRAUD.
Seems to me that the strong possibility of FRAUD is looming.
I NEVER underestimate MUSK. NEVER.
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