Tesla CEO Elon Musk says purchasing Twitter at a lower price is "not out of the question":The grand bargaining?
"You can't pay the same price for something that is much worse than they claimed ... The more questions I ask, the more my concerns grow."
- Why_Yes_I_Do
- 05-20-2022, 05:32 AM
Welp. Who'd a thunk it?
- Why_Yes_I_Do
- 05-20-2022, 08:50 AM
I come to raze the twitter, not raise it.
I wonder... given the current debate and subsequent audit of the twitter bot accounts number, according to the twitter at 5% in their SEC filings, yet estimated in excess of 20% according Caesar Musk - what happens if Musk is correct or even under-estimating? That would mean the SEC was lied to and would also mean that advertisers were paying huge chunks for advertising to fake accounts for years.
I am not a trial lawyer in real life or the internets, but that seems like a mighty huge liability. The result of massive impending liability would certainly impact the value of the asset significantly. Maybe even beyond the point of wanting to purchase that bag of puss and liability.
Nahh, probably just a conspiracy theory. But if so, it is likely Trump's fault because of the Truth Social or something stupid like that, as is typical of the TDS-tards.
I wonder... given the current debate and subsequent audit of the twitter bot accounts number, according to the twitter at 5% in their SEC filings, yet estimated in excess of 20% according Caesar Musk - what happens if Musk is correct or even under-estimating? That would mean the SEC was lied to and would also mean that advertisers were paying huge chunks for advertising to fake accounts for years.
I am not a trial lawyer in real life or the internets, but that seems like a mighty huge liability. The result of massive impending liability would certainly impact the value of the asset significantly. Maybe even beyond the point of wanting to purchase that bag of puss and liability.
Nahh, probably just a conspiracy theory. But if so, it is likely Trump's fault because of the Truth Social or something stupid like that, as is typical of the TDS-tards.
- Yssup Rider
- 05-20-2022, 09:06 AM
Truth Social is fake.
- Why_Yes_I_Do
- 05-20-2022, 09:42 AM
- the_real_Barleycorn
- 05-20-2022, 03:42 PM
They can always learn to code...wait, some of them are coders. Okay, they can go to Venezuela and learn to pump oil.
- The_Waco_Kid
- 06-09-2022, 08:33 PM
Twitter set to turn bot data over to Musk: report
https://www.yahoo.com/finance/news/t...171304733.html
Emily McCormick·Reporter
Wed, June 8, 2022, 12:13 PM
Twitter's (TWTR) board is reportedly set to pull an about-face, offering Elon Musk internal data on hundreds of millions of tweets as it vies for the billionaire to complete his acquisition of the social media company.
Twitter is set to turn over information to Musk capturing more than 500 million tweets, the devices the posts came from, and other information about the account holders, The Washington Post reported Wednesday, citing an unnamed person familiar with the matter.
Such a move would help respond to Musk's repeated demands for more information about the composition of Twitter's user base and the extent of its problem with bots. Musk has challenged Twitter's claims that just 5% of its accounts are bots, calling the way the company calculates fake accounts "very suspicious" in a May tweet.
Musk has also said the Twitter deal would remain on hold until he received information, leading some on Wall Street to speculate he may be trying to renegotiate the deal down from its original $44 billion price tag.
Twitter rose modestly following the Post's report on Wednesday; Twitter shares have fallen about 15% since Musk's deal to buy Twitter for $54.20 per share was announced per share in late April.
In a letter Monday to Twitter's general counsel Vijaya Gadde, Musk's legal team asserted Musk believed Twitter was "actively resisting and thwarting his information rights (and the company’s corresponding obligations) under the merger agreement" by withholding the information. Musk waived his typical right as a buyer to due diligence when he first announced his deal with Twitter in April.
"This is a clear material breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement," according to the letter.
ARCHIVO - El director general de Tesla y SpaceX, Elon Musk, durante una conferencia en Washington, el lunes 9 de marzo de 2020. (AP Foto/Susan Walsh, Archivo)
Twitter could hand over the information to Musk as soon as the end of this week, The Washington Post reported Wednesday.
In a response to a Yahoo Finance request for comment Wednesday afternoon, a Twitter spokesperson reiterated the company's statement released Monday in response Musk's letter.
"Twitter has and will continue to cooperatively share information with Mr. Musk to consummate the transaction in accordance with the terms of the merger agreement," according to the spokesperson.
"We believe this agreement is in the best interest of all shareholders. We intend to close the transaction and enforce the merger agreement at the agreed price and terms."
—
Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter.
Read the latest financial and business news from Yahoo Finance
https://www.yahoo.com/finance/news/t...171304733.html
Emily McCormick·Reporter
Wed, June 8, 2022, 12:13 PM
Twitter's (TWTR) board is reportedly set to pull an about-face, offering Elon Musk internal data on hundreds of millions of tweets as it vies for the billionaire to complete his acquisition of the social media company.
Twitter is set to turn over information to Musk capturing more than 500 million tweets, the devices the posts came from, and other information about the account holders, The Washington Post reported Wednesday, citing an unnamed person familiar with the matter.
Such a move would help respond to Musk's repeated demands for more information about the composition of Twitter's user base and the extent of its problem with bots. Musk has challenged Twitter's claims that just 5% of its accounts are bots, calling the way the company calculates fake accounts "very suspicious" in a May tweet.
Musk has also said the Twitter deal would remain on hold until he received information, leading some on Wall Street to speculate he may be trying to renegotiate the deal down from its original $44 billion price tag.
Twitter rose modestly following the Post's report on Wednesday; Twitter shares have fallen about 15% since Musk's deal to buy Twitter for $54.20 per share was announced per share in late April.
In a letter Monday to Twitter's general counsel Vijaya Gadde, Musk's legal team asserted Musk believed Twitter was "actively resisting and thwarting his information rights (and the company’s corresponding obligations) under the merger agreement" by withholding the information. Musk waived his typical right as a buyer to due diligence when he first announced his deal with Twitter in April.
"This is a clear material breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement," according to the letter.
ARCHIVO - El director general de Tesla y SpaceX, Elon Musk, durante una conferencia en Washington, el lunes 9 de marzo de 2020. (AP Foto/Susan Walsh, Archivo)
Twitter could hand over the information to Musk as soon as the end of this week, The Washington Post reported Wednesday.
In a response to a Yahoo Finance request for comment Wednesday afternoon, a Twitter spokesperson reiterated the company's statement released Monday in response Musk's letter.
"Twitter has and will continue to cooperatively share information with Mr. Musk to consummate the transaction in accordance with the terms of the merger agreement," according to the spokesperson.
"We believe this agreement is in the best interest of all shareholders. We intend to close the transaction and enforce the merger agreement at the agreed price and terms."
—
Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter.
Read the latest financial and business news from Yahoo Finance
- texassapper
- 06-10-2022, 09:48 AM
Musk knew that the bots comprise ~18 percent of Twitter traffic. He's going to end up either destroying Twitter by exposing their fraud which will then result in litigation from stockholders or he's going to complete the purchase and change the moderation practices.
- The_Waco_Kid
- 06-10-2022, 11:05 AM
Musk knew that the bots comprise ~18 percent of Twitter traffic. He's going to end up either destroying Twitter by exposing their fraud which will then result in litigation from stockholders or he's going to complete the purchase and change the moderation practices. Originally Posted by texassapper
he'll use the data to drop his offer price. and if he's right and he probably is, twittybird will have little choice but take it.
unless they want to have a shitton of class action law suits by the shareholders.
which is another reason Musk wants to take twittybird private.
- WTF
- 06-10-2022, 11:38 AM
- WTF
- 06-10-2022, 11:42 AM
he'll use the data to drop his offer price. and if he's right and he probably is, twittybird will have little choice but take it.So now you're Elon's lawyer...
unless they want to have a shitton of class action law suits by the shareholders.
which is another reason Musk wants to take twittybird private. Originally Posted by The_Waco_Kid
Did you sell your Netflix and load up on Twitter?
- The_Waco_Kid
- 06-10-2022, 11:44 AM