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Started By
Message
Even if Musk does not close Twitter deal they are still in trouble
Posted on 5/17/22 at 7:37 am
Posted on 5/17/22 at 7:37 am
quote:
@elonmusk
20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.
My offer was based on Twitter’s SEC filings being accurate.
Yesterday, Twitter’s CEO publicly refused to show proof of <5%.
This deal cannot move forward until he does.
If the board knew the numbers were a lie, and still filed those with the SEC for earnings, etc then they are all in a world of hurt, or at least should be.
I would prefer Musk to purchase it but short of that hopefully this kills Twitter for good.
LINK
11
Posted on 5/17/22 at 7:39 am to stout
quote:
If the board knew the numbers were a lie, and still filed those with the SEC for earnings, etc then they are all in a world of hurt, or at least should be.
This is correct.
And, they are going to have to show the data.
There's some out there that think the number is waaaay higher than 20%.
Posted on 5/17/22 at 7:42 am to stout
quote:
then they are all in a world of hurt, or at least should be.
Should be. But not a damn thing will happen.
Posted on 5/17/22 at 7:48 am to SECSolomonGrundy
quote:
Should be. But not a damn thing will happen.
Legally perhaps but the stock market will handle the news poorly and the company may very well die or be bought for pennies on the dollar.
Posted on 5/17/22 at 7:50 am to stout
Should I dump my stock of Twitter now, or wait to sue. Hmmmm
Posted on 5/17/22 at 7:53 am to stout
I think Twitter should be dismantled and destroyed- legally and financially- from top to bottom. It should exist only as an example of what happens when you don’t MAGA
Posted on 5/17/22 at 8:13 am to stout
Along with news stations, Twitter is a non-profit, propped up to advance a cause.
Posted on 5/17/22 at 8:16 am to ItzMe1972
quote:
Twitter is a non-profit, propped up to advance a cause.
Posted on 5/17/22 at 8:21 am to stout
quote:
at least should be
It is nice how you still think justice is equally applied.
Posted on 5/17/22 at 8:21 am to CPTDCKHD
quote:
I think Twitter should be dismantled and destroyed- legally and financially- from top to bottom. It should exist only as an example of what happens when you
censor free speech.
I do not want a MAGA-only forum either.
Posted on 5/17/22 at 8:22 am to salty1
Well, it doesn't make a profit, so it's non-profit. 
Posted on 5/17/22 at 8:22 am to stout
Reminder: Wells Fargo basically did the same shite.
Posted on 5/17/22 at 8:23 am to ChineseBandit58
quote:
censor free speech.
I do not want a MAGA-only forum either.
Yep, make it a more level playing field. Get rid of bots and stop banning for stupid crap.
Posted on 5/17/22 at 8:31 am to IceTiger
quote:True enough, but Wells Fargo actually has tangible assets.
Reminder: Wells Fargo basically did the same shite.
Posted on 5/17/22 at 8:40 am to stout
Nothing will happen to twitter. The government will probably bail them out with taxpayer money. Twitter is too important to them.
Posted on 5/17/22 at 9:19 am to stout
quote:
If the board knew the numbers were a lie, and still filed those with the SEC for earnings, etc then they are all in a world of hurt, or at least should be.
At a minimum Elon should be able to avoid any breakup fee that he would owe them, on grounds of (at a minimum) failure to cooperate with due diligence, if not outright fraud.
Posted on 5/17/22 at 9:21 am to aubie101
quote:
Should I dump my stock of Twitter now, or wait to sue. Hmmmm
Some institution might sue as a class action. Then they have to notify stockholders if the class is certified. Even if you sold now you may still end up in the class.
Posted on 5/17/22 at 9:45 am to stout
I'm back.
Eta: holy shite that worked. This Twitter Saga has been entertaining and looking forward to all those bots being exposed.
Eta: holy shite that worked. This Twitter Saga has been entertaining and looking forward to all those bots being exposed.
This post was edited on 5/17/22 at 9:47 am
Posted on 5/17/22 at 9:46 am to Quidam65
Not just stockholders filing a class action.
EVERY company who has ever advertised on their site was lied to about consumer penetration, demographics etc. They were all overbilled.
EVERY company who has ever advertised on their site was lied to about consumer penetration, demographics etc. They were all overbilled.
Posted on 5/17/22 at 9:48 am to aubie101
What would you win in a lawsuit with a defunct, broke company?
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