Down goes Twitter! Down goes Twitter!
Dog caught the car and couldn’t chew.
appears to have made false and misleading representations
Great news
Twitter will be sued until it dies
This is a negotiation. Twitter is worth half his bid price.
Also, if Twitter is in violation of SOX, the CFO and others are in serious trouble.
He’s entirely correct. 44 Billion for a company publishing phony traffic stats is a major problem.
This will be fun to watch.
Twitter could not back up their claims regarding bots and fake accounts. Nor could they back up their claims that banning accounts was non-political. I don’t blame him for backing out. They do not have as many real accounts as they had indicated. That’s why just after his offer, many fake followers of those on the left just disappeared. They were trying to “clean” things up. Twitter will eventually go the way of MySpace, as will Facebook.
Down goes Twitter! Down goes Twitter!
I knew it, he was never going to buy it.
Everything has a price. The simple fact of the matter is that Elon’s offer was far in excess of what Twitter was worth. Elon’s offer was $44 a share. Stock is trading at $36 buoyed by Elon’s offer. If the stock crashes to $25 after this news release and disclosure of all its fake bots and overstated traffic, that’s what it’s worth because that is what the marketplace will pay for it. The question is whether, if Elon is still interested, which I doubt, he will amend his offer to the much lower price.
Twitter has been cooking the books.
Let’s see if the SEC ignores it.
They just ignored him and waited him out.
A very effective liberal tactic.
To think about all the people doing cartwheels thinking he was going to save the world.
Musk will purchase twitter, after the Board of Directors are sued by the shareholders for ballooning fake accounts and after advertisers sue for twitter fraudulently stating fake accounts where less than 5% of total accounts when fake accounts are prob 30-60%.
The stock price will plummet tomorrow when the markets open and it’s nose dive will end at prob 10 cents on the dollar by the time Musk steps in to offer $4 Billion.
Well, I had thought about reactivating my Twatter account. Ain’t gonna happen now.
...... Be interesting to see what the Shareholders do at this point since their stock price will more than likely plummet into an Abyss .....
He realized just how many of their accounts are fake.
So many of you Freeps think Musk isn’t an elitist like “them”.
FOX NEWS Corp. on the other hand could very well be different.
Twitter silenced voices on election fraud but so DOES Fox.
If Dominion takes down the never-Trump foreigners from Fox with a lawsuit I'm all for it.