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re: Musk Terminating Twitter Deal

Posted on 7/8/22 at 8:30 pm to
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
72972 posts
Posted on 7/8/22 at 8:30 pm to
quote:

Long term I think it survives. Its too valuable to too many people.


TWitter has never turned a profit. Ever.

And now it's being exposed that what little revenue it did receive from ads was also based on fraudulent numbers of ad-views.

Tell me how that company survives now, without some private billionaire benefactor (or government benefactor) to keep the lights on. Explain it to me.
Posted by thelawnwranglers
Member since Sep 2007
41960 posts
Posted on 7/8/22 at 8:36 pm to
quote:

They honestly have no choice


Sue or tell shareholders you lied
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
76141 posts
Posted on 7/8/22 at 8:38 pm to
Gonna be on Musk to prove they lied
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 7/8/22 at 8:41 pm to
What about all those companies that paid for ads based on user numbers if those user numbers turn out to be fraudulent?

I think they're gonna be coming for their pound of flesh, too. Those Twitter execs have to be trying to figure out how to frick each other over at this point because if those user numbers were fraudulent and they charged for ads based on lies, whoever is left holding the bag is going to prison.
This post was edited on 7/8/22 at 8:43 pm
Posted by OweO
Plaquemine, La
Member since Sep 2009
120024 posts
Posted on 7/8/22 at 8:46 pm to
In the 4th quarter of 2017 it turned its first profit of $91M.

quote:

Tell me how that company survives now


Twitter has 376M users, even if the number was show closer to the true amount of users it has.. Lets say half of 376M that's still a valuable amount of people.

This year's super bowl had just over 110M viewers and it cost companies what? Over $1M for a minute of air time to advertise in the first half of the game? So you tell me, when you have a platform with just under 200M people, in which its active 24/7.. You tell me how they survive. It is still valuable.

If the advocate can stay in business and make a profit then twitter would have no problem doing so (and before someone says that's comparing two different things, they both depend on advertisement).

You think all of the ads you see on twitter that specifically target individuals is something that twitter does for free?
Posted by Sun God
Member since Jul 2009
49797 posts
Posted on 7/8/22 at 8:48 pm to
It’s honestly incredible how terrible your comparisons are
Posted by BurningHeart
Member since Jan 2017
9956 posts
Posted on 7/8/22 at 9:03 pm to
quote:

In the 4th quarter of 2017 it turned its first profit of $91M.

quote:
Tell me how that company survives now



Twitter has 376M users, even if the number was show closer to the true amount of users it has.. Lets say half of 376M that's still a valuable amount of people.

This year's super bowl had just over 110M viewers and it cost companies what? Over $1M for a minute of air time to advertise in the first half of the game? So you tell me, when you have a platform with just under 200M people, in which its active 24/7.. You tell me how they survive. It is still valuable.

If the advocate can stay in business and make a profit then twitter would have no problem doing so (and before someone says that's comparing two different things, they both depend on advertisement).

You think all of the ads you see on twitter that specifically target individuals is something that twitter does for free?


You are so dumb and oblivious to the conversation being held

This thread is not about TWTR's ability to generate a profit, as low as it may already be. It's that the "profits" generated were from advertisers who may have been misled about the actual number of legit users, which means they were paying for somwthing under a false pretense.

If this is the case and TWTR has a significantly less amount of active users than what advertisers were paying to reach, then there will be mulyiple class action lawsuits against the company in addition to current advertisers lowering or pulling their spend from the platform. The company would likely sink unless management and the board was completely gutted.

Ok I've spent enough time educating you for tonight, got more important things to do such as drink and watch TV.
Posted by HoustonGumbeauxGuy
Member since Jul 2011
32665 posts
Posted on 7/8/22 at 9:06 pm to
quote:

SEC filing: Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations


Musk conquering giants without a single swing

Posted by WinnPtiger
Fort Worth
Member since Mar 2011
24947 posts
Posted on 7/8/22 at 9:06 pm to
quote:

Twitter has 376M users, even if the number was show closer to the true amount of users it has.. Lets say half of 376M that's still a valuable amount of people.



quote:

This year's super bowl had just over 110M viewers and it cost companies what? Over $1M for a minute of air time to advertise in the first half of the game? So you tell me, when you have a platform with just under 200M people, in which its active 24/7.. You tell me how they survive. It is still valuable.


rather than asking a message board, has it ever occurred to you to take 2 seconds and think to yourself about why this is?

the NFL can prove to advertisers almost exactly how many people are watching something
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
72972 posts
Posted on 7/8/22 at 9:08 pm to
The advocate doesn't turn a profit, it has a billionaire owner who runs it as a hobby
This post was edited on 7/8/22 at 9:09 pm
Posted by timdallinger
Member since Nov 2009
1593 posts
Posted on 7/8/22 at 9:17 pm to
quote:


And then google Delaware’s precedence on vitiating contracts for fraud.

Touche
quote:


And then google Delaware’s precedence on vitiating contracts for fraud.

I'll save you some time. That topic in the same docket.
Posted by Hurricane Mike
Member since Jun 2008
20059 posts
Posted on 7/8/22 at 9:21 pm to
quote:

Too much of a shitshow to fix


Almost as big of a shitshow as you
Posted by BBONDS25
Member since Mar 2008
56638 posts
Posted on 7/8/22 at 9:22 pm to
quote:

I'll save you some time. That topic in the same docket.


I haven’t looked it up in years. When I did need to look it up, any material misrepresentation even in negotiations was grounds to vitiate the contract. That may have changed, but I doubt it.
Posted by Tempratt
Member since Oct 2013
14902 posts
Posted on 7/8/22 at 9:25 pm to
quote:

When did it stop being one?

Well it looked like things might improving under the Musk threat.
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