So Twitter refuses to provide the data, Musk walks away from the deal, Twitter’s ownership/policies don’t change. Sounds like a win for Twitter.
Except the board will get sued by the shareholders for huge losses.
Twitter will crash and burn, probably no matter who owns it. The toxic as hell userbase will see to that.
I’m thinking 20% being alt/spam accounts is low too. Probably closer to 50%.
This information will definitely hurt their advertising rates. They should see a substantial drop in revenue.
But it’s value will drop cause it cannot prove it’s consumer base. I would guess it cost much less than 1 billion to start your own glorified “bulletin board” . I am sure Musk can manage that easily.
Lol. Twitter stock will be worthless if reneged on the deal. Everyone will know Twitter lied about its worth.
I never believed the Twit deal was going to happen.
Musk has a long record of grand announcements and publicity stunts to draw ever more attention to himself.
Once he abandons taking over Twit their stock and seditious policies will rebound.
“Sounds like a win for Twitter.”
but a total disaster for current stockholders .. who will sue twitter and their board out of existence, so no, NOT a win for twitter ...
SEC can step in over false filings.
Value will PLUMMET.
Elon can buy for pennies on dollar.
Twitter will be the laughing stock for getting caught.
Musk said if the Twitter deal falls through he would use the money to buy the FBI.
But Hillary said she doesn’t want to sell it.