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Twitter faces 'nightmare scenario' as Elon Musk exit slams shares
The New York Post ^ | 07.11.2022 | Thomas Barrabi

Posted on 07/12/2022 7:40:20 AM PDT by Macky Cracklins

Twitter shares plunged Monday in the first day of trading since Elon Musk abandoned his $44 billion agreement to buy the company – and one tech industry analyst warned of a potentially disastrous long-term scenario for the embattled social media firm.

Twitter’s stock sank 11% as investors reacted to the exit.

Musk’s move that sets up a lengthy court battle likely to weigh on company shares for months or years to come and added to the challenges facing CEO Parag Agrawal, according to Wedbush analyst Daniel Ives.

(Excerpt) Read more at nypost.com ...


TOPICS: Culture/Society; News/Current Events
KEYWORDS: elonmusk; faketwitter; thetwittsewer; twitter; twitterlosers; twittsewer; woke
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Maybe Twitter will be forced to give the correct numbers of fake accounts if they go to court, which I doubt Twitter will do .. Twitter is barking up the wrong tree.

If the people running Twitter were honest and transparent in the workings of the company instead of sneaky and corrupt, the sale would have already happened and this drama wouldn't be happening.

1 posted on 07/12/2022 7:40:20 AM PDT by Macky Cracklins
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To: Macky Cracklins

Jack’s magic coffee shop will never spill the real beans.


2 posted on 07/12/2022 7:43:53 AM PDT by John 3_19-21 (In the Information Age, the real "disinformation" is what Big Media doesn't cover. )
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To: Macky Cracklins

.....”If the people running Twitter were honest and transparent in the workings of the company instead of sneaky and corrupt”.....

They might have to reveal anyway if this goes to court.


3 posted on 07/12/2022 7:46:03 AM PDT by caww (O death, when you seized my Lord, you lost your grip on me......Augustine)
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To: John 3_19-21

THey will in discovery...lol


4 posted on 07/12/2022 7:46:19 AM PDT by panzerkamphwageneinz (0 )
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To: Macky Cracklins

Good. F Twitter for what it did to Trump.


5 posted on 07/12/2022 7:46:56 AM PDT by mikey_hates_everything
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To: Macky Cracklins

Twitter is reaping what they have sown.


6 posted on 07/12/2022 7:47:43 AM PDT by BrexitBen
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To: Macky Cracklins

Oh gee, all of this makes me so sad. LOL


7 posted on 07/12/2022 7:47:48 AM PDT by dforest (We have to put a stop to this now.)
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To: Macky Cracklins

I’m hoping things get bad enough to send all its leftist Indian imports back to India...


8 posted on 07/12/2022 7:47:49 AM PDT by Gaffer (EA)
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To: Macky Cracklins

Last thing Twitter wants is to have to go to court and answer to discovery....

I would be BEYOND shocked if this ever actually gets into an actual courtroom.

If Twitter, knowing they have about a 1/3 or more of their users are fake... lets this actually see a public courtroom, the folks running it are dumber than even I think, and I think they are pretty dumb.


9 posted on 07/12/2022 7:48:19 AM PDT by HamiltonJay
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To: Macky Cracklins
"Maybe Twitter will be forced to give the correct numbers of fake accounts..."

Yes. A court trial would open up Twitter to the discovery process by Musk's lawyers. If fraudulent data are discovered, that will definitely affect the purchase agreement.

10 posted on 07/12/2022 7:48:25 AM PDT by Carl Vehse (A proud member of the LGBFJB community)
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To: Macky Cracklins

At what point will shareholders demand that Parag Agrawal have his sorry ass shipped BACK TO INDIA????


11 posted on 07/12/2022 7:48:50 AM PDT by OHPatriot (Si vis pacem, para bellum)
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To: Macky Cracklins

Guess that Twitter’s orange-haired, snowflake censors are going to have to find REAL jobs.


12 posted on 07/12/2022 7:49:12 AM PDT by BrexitBen
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To: Macky Cracklins

Twitter is valued at 160/1 price/earnings. They don’t generate much revenue, and they are not profitable. Ipso facto, they are corrupt and don’t want to get caught, so they won’t give access to the real data. Perhaps Twitter is just an IC-owned asset.


13 posted on 07/12/2022 7:50:14 AM PDT by ecomcon
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To: OHPatriot

Any company with a CEO with that name deserves to fail.


14 posted on 07/12/2022 7:50:48 AM PDT by Fungi
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To: Macky Cracklins

Twit up 2.56% to 33.48


15 posted on 07/12/2022 7:51:13 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: Macky Cracklins

Maybe I’m just old, but I never understood Twitter. It is a cesspool of hate. You could post a picture of a puppy or kitten and get a string of hate responses. And the ones that aren’t hate-filled are advertisers or bots. I’ll be glad if the whole thing goes bankrupt.


16 posted on 07/12/2022 7:51:35 AM PDT by Opinionated Blowhard (When the people find that they can vote themselves money, that will herald the end of the republic.)
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To: Macky Cracklins

Twitter should be going to it’s market level. The market level is on them, they can’t blame Musk.


17 posted on 07/12/2022 7:55:16 AM PDT by Fido969 (45 is Superman! )
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To: Macky Cracklins

I love the smell of totalitarian left desperation in the morning.


18 posted on 07/12/2022 7:56:21 AM PDT by SharpRightTurn (“Giving money & power to government is like giving whiskey & car keys to teenage boys” P.J. O’Rourke)
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To: caww
They might have to reveal anyway if this goes to court.

I don't think it will get to court. I expect the SEC will come knocking because the opportunity for Government legalized extortion is rife. What remains to be seen is if that hefty SEC settlement will be anything more than headlines since I suspect that Twitter is actually a Government entity.

19 posted on 07/12/2022 7:59:00 AM PDT by liberalh8ter (The only difference between flash mob 'urban yutes' and U.S. politicians is the hoodies.)
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To: Macky Cracklins

It is looking, more and more, as if Twitter is an organization captured by the corrupt intelligence agencies of the U.S. government. Twitter is, itself, a disinformation platform manipulating and censoring the American people.

Its mission appears to be wholesale fraud.

Elon Musk is wealthy enough to expose all of Twitter’s lies.


20 posted on 07/12/2022 8:01:56 AM PDT by Gnome1949
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