Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Twitter's stock falls after Musk calls refusal to provide spam/fake account info a 'material breach' of the buyout deal
MarketWatch ^ | 06/06/2022 | Tomi Kilgore

Posted on 06/06/2022 7:17:56 AM PDT by Eccl 10:2

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041 next last
To: JudyinCanada

We were BRUTAL Cribbage players at our house when I was a kid. Take. No. Prisoners! Been playing since I was about 4 years old. I’m getting to the point where I just might go hang out with the old duffers at the VFW on Tuesdays to get my fix. ;)

I beat ‘The Old Man’ with a 29 hand once and ONLY that one time in my entire life. It was glorious! A Jack up and all fives. And he could SEE it coming too, LOL! We were playing with my lucky ‘Snoopy’ deck of cards. Pretty sure that was the reason. :)


21 posted on 06/06/2022 8:49:31 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
[ Post Reply | Private Reply | To 15 | View Replies]

To: Eccl 10:2

Good for Elon for exposing these pinko frauds.
Twit-face has almost always been a degenerate leftist dumpster fire.
SEC should investigate, advertisers should sue. But they won’t. They are all in collusion and delusional.


22 posted on 06/06/2022 9:04:03 AM PDT by vpintheak (Live free, or die!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Armando Guerra

The SEC should be investigating Twitter for falsely claiming the inflated numbers of followers.


Good one.You know better than that though, the swamp doesn’t investigate it’s own propaganda mouthpiece.


23 posted on 06/06/2022 9:33:12 AM PDT by VTenigma (Conspiracy theory is the new "spoiler alert")
[ Post Reply | Private Reply | To 7 | View Replies]

To: vpintheak
It's sad to say this but I'm thinking the Twitter advertisers won't care that they have been getting ripped off and probably realized it all along. They will consider their losses as a contribution to "get Drumpf" at any cost.

The real challenge here is to get people to switch from Twitter to Truth.

Truth is up to over 3.2 million active users but they have a long, long way to go to reach the Twitter numbers.

24 posted on 06/06/2022 9:36:05 AM PDT by SamAdams76 (3,201,662 active users on Truth Social)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Eccl 10:2

The management problem at Twitter is that they have been selling advertising on Twitter for years with doctored subscriber and following numbers. If they turn over the true information as to the incredible number of bot accounts they have rather than the unrealistically low 5% they have been claiming to have, their fraud will have been exposed and individual and class action law suits will ruin their day. They want Musk’s money, but they don’t want to go broke getting it. Sec will be on them also as well as Republican majority Congress next term holding hearings on their fraud.


25 posted on 06/06/2022 9:36:24 AM PDT by chuckee
[ Post Reply | Private Reply | To 1 | View Replies]

To: chuckee

Twit is in a real pickle because, IMO, THEY will owe the $1B if he pulls out due to them breaching the contract. They are truly stuck between a rock and a hard place. If they reveal how bad the fake accts are, they get sued and lose billions from advertisers. If they don’t release it they lose a billion to EM. Maybe the latter is the cheaper way to go.


26 posted on 06/06/2022 9:46:31 AM PDT by spacejunkie2001
[ Post Reply | Private Reply | To 25 | View Replies]

To: Diana in Wisconsin

Ha! Good for you!

I didn’t know a Jack up and four 5’s in the hand was 29 as well. I thought it was three 5’s in the hand along with the off-suit Jack.

15 - 2,4,6,8,10,12,14,16
Four 5’s is another 12 which brings us to 28
Jack in the hand worth another point - 29.


27 posted on 06/06/2022 9:46:59 AM PDT by JudyinCanada (Maranatha)
[ Post Reply | Private Reply | To 21 | View Replies]

To: dgbrown

“Don’t forget all the advertisers that have been lied to. Will they get a refund?”

Every payout must include a lawsuit as that provides a tax-free exchange in most cases. I would expect an advertiser class action to do just that.


28 posted on 06/06/2022 10:12:36 AM PDT by CodeToad (Arm up! They Have!)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Eccl 10:2

I’d say that elon is now remarking to himself, “My work here is done now.”

I don’t think he ever did intend to buy titter. It is all about entertainment for musk.


29 posted on 06/06/2022 10:21:14 AM PDT by Sequoyah101 (Politicians are only marginally good at one thing, being politicians. Otherwise they are fools.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Eccl 10:2

They already are. That hippie guy testified to congress that only 5% of the Twitter accounts were fake. He lied. But it’s not like he will get into “trouble” for lying! He’s a hippie! They don’t smell bad to the deep state!


30 posted on 06/06/2022 10:32:35 AM PDT by gr8eman (Qui non laborat, non manducet)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JudyinCanada

A jack up instead of off-suit in the hand IS 28…the 29 is as you stated, the final 5 needs to be pulled up from the deck.

However, if you are the dealer, you might prefer the four fives in your hand and having any jack pulled up on the deck. You get the two pegging points plus a 28 hand…it’s kind of like a 30…and hopefully your opponent will lead a face card…


31 posted on 06/06/2022 10:43:57 AM PDT by Scott from the Left Coast (Make Orwell Fiction Again)
[ Post Reply | Private Reply | To 27 | View Replies]

To: tennmountainman

Life time accounting person here:

THEY DO NOT HAVE ACCURATE NUMBERS-—Musk caught them out.


32 posted on 06/06/2022 10:54:38 AM PDT by ridesthemiles
[ Post Reply | Private Reply | To 6 | View Replies]

To: SamAdams76

I’m on Truth. It’s OK, but I’m not super into social media. Prefer reporting and reading in context on my own time.


33 posted on 06/06/2022 10:57:30 AM PDT by vpintheak (Live free, or die!)
[ Post Reply | Private Reply | To 24 | View Replies]

To: Diana in Wisconsin

A neighbor was complaining some years ago about how poorly their kids did with math-—

I told her to get a cribbage board & cards & teach that game to the kids. IT would teach them to count quickly.

She thought I was a heathen for even suggesting such.


34 posted on 06/06/2022 10:58:42 AM PDT by ridesthemiles
[ Post Reply | Private Reply | To 21 | View Replies]

To: VTenigma

Musk still owns 9%.

I think he can force the hand of the SEC to investigate.


35 posted on 06/06/2022 10:59:30 AM PDT by ridesthemiles
[ Post Reply | Private Reply | To 23 | View Replies]

To: SamAdams76

IMO, the Twitter numbers are like the 81 MILLION votes Biden got.


36 posted on 06/06/2022 11:00:20 AM PDT by ridesthemiles
[ Post Reply | Private Reply | To 24 | View Replies]

To: Scott from the Left Coast

What? The turned up Jack is worth two points lol? We’ve only been scoring one!


37 posted on 06/06/2022 11:09:26 AM PDT by JudyinCanada (Maranatha)
[ Post Reply | Private Reply | To 31 | View Replies]

To: JudyinCanada

Always take that extra TRUMP point, and hurry up with that Crib, LOL!


38 posted on 06/06/2022 11:32:15 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
[ Post Reply | Private Reply | To 27 | View Replies]

To: JudyinCanada

It’s been two as long as I’ve been playing…perhaps a regional rule difference.


39 posted on 06/06/2022 11:46:01 AM PDT by Scott from the Left Coast (Make Orwell Fiction Again)
[ Post Reply | Private Reply | To 37 | View Replies]

To: Bruce Campbells Chin

[Musk is completely correct on this legally. He has the right to due diligence prior to finalizing the purchase, and that would include verifying the validity of the number of customers.

Twitter management has a real problem here. If they refuse to comply with due diligence requests, they could be sued by shareholders for derailing a profitable deal. ]


If Reuters is to be believed, Musk waived due diligence:

https://cyprus-mail.com/2022/05/18/why-twitter-has-ignored-elon-musks-trolling/
[Musk, the world’s richest person, waived due diligence when he agreed to buy Twitter on April 25, in an effort to get the San Francisco-based company to accept his “best and final offer.”]


40 posted on 06/06/2022 2:06:41 PM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
[ Post Reply | Private Reply | To 17 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson