Home Forums Hunting & Shooting Hunter's Campfire So, does Musk forfeit $1 Billion or not due to pull out

If someone can give a short answer that a high school graduate can understand, what is the original purpose of these fake accounts? Is it what I suspect here on the 24HCF where one person answers himself with 2 or more operating names?

Also to deceive advertisers. They are paying to reach so many millions of viewers. Now that millions of accounts are fake, they are being defrauded. Straight up fraud.

This is going to be the heart of the issue. Twitter refused to provide Musk with details on fake accounts and the understanding at the time of the deal was that approximately 5% of all users were spam/bots. The merger agreement has a condition that there has not been, and as of the date of closing there will be no, matters that rise to the level of a "material adverse effect" that have not already been disclosed. This language basically means that anything that could reasonably be expected to significantly harm the value of the company would constitute a MAE.

So what is going to happen when Twitter sues for specific performance (i.e., force Musk to acquire the company) is that the court will have to look at the fake user numbers and the data that was never provided to Musk to determine whether the 5% number was close to accurate. If it is, then Musk has to buy the company. If not, and if the court finds that the number of fake accounts is a MAE, Musk walks without having to pay a thing.

The last thing Twitter wants is for their internal user numbers to be made public, and Musk knows this. Musk says that actual number of fake accounts is about 20% of all users, and the court is going to be the one who gets the diligence material to see who is right. I think Musk knows the actual numbers and terminated the deal just so he can destroy Twitter in the courts and through public disclosure of how fake the company is.

He's an effing genius and will end up taking down Twitter without having to pay much (other than legal and advisory fees).

I say he doesnt.

https://www.bloomberg.com/news/arti...rminating-44-billion-deal-to-buy-twitter

Think about it. Why would a guy who actually makes something of value want a piece of Oz's curtain?

I want to see more of the “Q alerts” merchandise.

Are they shipped in foil?

I want to see more of the “Q alerts” merchandise.

Are they shipped in foil?

Good background read for those interested,

"The only way Twitter, with 217 million users, could exist as a viable platform is if they had access to tech systems of incredible scale and performance, and those systems were essentially free or very cheap. The only entity that could possibly provide that level of capacity and scale is the United States Government – combined with a bottomless bank account. A public-private partnership.

If my hunch is correct, Elon Musk is poised to expose the well-kept secret that most social media platforms are operating on U.S. government tech infrastructure and indirect subsidy. Let that sink in.

The U.S. technology system, the assembled massive system of connected databases and server networks, is the operating infrastructure that offsets the cost of Twitter to run their own servers and database. The backbone of Twitter is the United States government."