I mean, pssshhhh, duh......everyone knows that.
Musk threatens to walk away from Twitter deal
- Thread starter cigaretteman
- Start date
I don’t generally thing tech should be heavily regulated - or put another way - asking a group of baby boomers politicians to do it is probably going to have unintended consequences (and not actually accomplish much of anything).
But it’s pretty baffling to me how we tolerate even 1% of bots on these sites and aren’t horrified that they don’t know the real number (or claim not to know).
Banks have to know who their customers are and they make it work. It’s BS.
But it’s pretty baffling to me how we tolerate even 1% of bots on these sites and aren’t horrified that they don’t know the real number (or claim not to know).
Banks have to know who their customers are and they make it work. It’s BS.
Elon pulled out too late and now Twitter is going to make him pay child support.
One of them has already disowned him. It might be better for the kids if Elon stays out of their life.
I’ve actually got a deal for you secured entirely with Bored Apes. Please make the check payable to cash.
Elon has been openly hostile to trans people on social media while having a trans daughter of his own. He's a piece of shit and you will attempt to defend everything he does because you worship him like MAGAs worship Trump.
If anyone ever offers you the chance to get in on Trump’s spac shoot me a message. I’d love to get in on the ground floor of that money maker.
Meh. Being based in California has a bit to do with those scores. Let's see what happens as more jobs are moved to Texas, and a lot of those LGBTQ employees decide to stay in California.
Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot accounts.
Lawyers for the Tesla and SpaceX CEO made the threat in a letter to Twitter dated Monday. That letter was included in a filing from Twitter with the Securities and Exchange Commission.
The letter says Musk has repeatedly asked for the information since May 9, about a month after his offer to buy the company, so he could evaluate how many of the company's 229 million accounts are fake.
Shares of Twitter Inc. tumbled more than 5% at the opening bell Monday.
A message was left early Monday seeking comment from Twitter.
The lawyers say in the letter that Twitter has offered only to provide details about the company's testing methods. But they contend that's "tantamount to refusing Mr. Musk's data requests." Musk wants data so he can do his own verification of what he says are Twitter's lax methodologies.
The lawyers say that based on Twitter's latest correspondence, Musk believes the company is resisting and thwarting his information rights under the April merger agreement.
"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," the letter says.
Twitter CEO Parag Agrawal has said the company has consistently estimated that fewer than 5% of Twitter accounts are fake. Twitter has disclosed its bot estimates to the U.S. Securities and Exchange Commission for years, while also cautioning that its estimate might be too low.
The bot problem also reflects a longtime fixation for Musk, one of Twitter's most active celebrity users, whose name and likeness are often mimicked by fake accounts promoting cryptocurrency scams. Musk appears to think such bots are also a problem for most other Twitter users, as well as advertisers who take out ads on the platform based on how many real people they expect to reach.
Experts have said Musk can't unilaterally place the deal on hold, although that hasn't stopped him from acting as though he can. If he walks away, he could be on the hook for a $1 billion breakup fee.
The Twitter sale agreement allows Musk to get out of the deal if there is a "material adverse effect" caused by the company. It defines that as a change that negatively affects Twitter's business or financial conditions.
In the letter, Musk attorney Mike Ringler points to a spat over a June 1 letter from Twitter in which the company said its information obligations are limited to facilitating the closing of the sale. It says Twitter is obligated to provide data for any reasonable business purpose needed to complete the deal.
Twitter also has to cooperate with Musk's effort to get the financing for the deal, including providing information that's "reasonably requested" by Musk, the letter states.
The letter contends that Musk is not required to explain his rationale for requesting data or submit to "new conditions the company has attempted to impose on his contractual right to the requested data."
It alleges that Musk is entitled to the data about the core of Twitter's business model so he can prepare the transition to his ownership.
Musk threatens to walk away from Twitter deal
Elon Musk is threatening to end his $44 billion agreement to buy Twitter, accusing the company of refusing to give him info about its spam bot accounts.nonpareilonline.com
I'd bet he'd walk 500 miles
And bet he'd walk 500 more
Just to be the man who walked a thousand miles
And duped the Twit-ter Board
Daadlatah!!! Daadlatah!!!
Musk is attempting to leverage a renegotiated price,.. The sale will still happen.
Musk is desperate to get out of this deal. Twitter is not and will never be worth 44 billion. Musk did not do his due diligence and rushed into a contract to show he was a powerful billionaire douchebag.
This guy?
“New York and Washington, DC, Apr. 28, 2003 -- The Securities and Exchange Commission, NASD and the New York Stock Exchange — following a coordinated investigation of allegations of undue influence of investment banking interests on research analysts at brokerage firms — today announced that Henry Blodget, a former managing director at Merrill Lynch, Pierce, Fenner & Smith, Incorporated and the senior research analyst and group head for the Internet sector at the firm, will be censured and permanently barred from the securities industry, and will make a total payment of $4 million to settle the charges against him.”
The Securities and Exchange Commission, NASD and the New York Stock Exchange Permanently Bar Henry Blodget From the Securities Industry and Require $4 Million Payment
The crook who stole millions from his clients?
The crook whose parent company is KKR?
The crook whose parent company is KKR?
Josh Wolfe, known $TSLAQ member?
No wonder you have such terrible takes. Getting bad info from short and distort criminals.
When these people write these tweets and stories they do not tell you they have large short positions and Put options that stand to gain on the price of $TSLA stock lowering. The hit piece dropped by BI a few weeks back likely netted them millions of dollars.
They need unwitting marks like @WDSMHAWK to propagate their material and also use bots to spread their lies. They do not want Elon anywhere near Twitter ownership and neither do several other very powerful people and certain countries.
No wonder you have such terrible takes. Getting bad info from short and distort criminals.
When these people write these tweets and stories they do not tell you they have large short positions and Put options that stand to gain on the price of $TSLA stock lowering. The hit piece dropped by BI a few weeks back likely netted them millions of dollars.
They need unwitting marks like @WDSMHAWK to propagate their material and also use bots to spread their lies. They do not want Elon anywhere near Twitter ownership and neither do several other very powerful people and certain countries.
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Business Insider CEO tweets misinformation and uses bot army to spread. Twitter knows Business Insider has an army of bots and does not remove them. Strange strange strange…
I love how liberals are protecting twitter, the very same company and people that gave Donald Trump his platform to spread his hate and lies for half a decade while rebuffing calls to censor him.
Elon Musk said he would let former president Donald Trump return to Twitter
Tesla and SpaceX CEO Elon Musk said if his deal to acquire Twitter goes through, he would let former president Donald Trump return to the platform.
www.usatoday.com
Yeah because "Free Speech Warrior" Musk would turn Twitter into even more of a shithole.
I agree with him but there is a right way to do it and a wrong way. The wrong way is doing it with multiple women.
The right way is by doing it with one woman your wife.
Another right way to help out might be by providing paid parental leave and free childcare for your employees.
What he's doing is about the same as saying "Crime is a problem" and deciding to become a vigilante laying out some street justice.
