He doesn’t even need to buy the company, now. He’s exposed them for the RATS they are.
He (or anyone else with Big Bucks) should go around offering to buy all kinds of leftists businesses and shine the light of day on them! :)
Like they have not been already........okie dokie.
Hope Twitter implodes, and rightly so.
Elon should yank his bid just to ensure such.
I hope this ends up destroying Twitter. Perhaps the insane wokesters are breaching the deal on purpose.
I am surprised that TWTR is only down $1.57.
I would have expected TWTR to be trading at $25.00 on this news.
$38.59 -1.57 (-3.91%)
He has every right to know what he is buying.
I’m certain it is spelled out in his purchase agreement.
Why Twitter does not provide accurate numbers is very suspicious.
The SEC should be investigating Twitter for falsely claiming the inflated numbers of followers. But, since a big chunk of those are Biden followers they will not bother.
Let the derivative suits begin.
Elon Musk is shaking the Twitter Tree
To spell it out clearly: The numbers of users and ‘views’ of every tweet is the most important number twitter has. It drives the pricing of its advertising. Advertisers use the numbers twitter gives then to determine if they should invest in marketing on twitter.
Musk is proving twitter is lying about those numbers by a large margin. Advertisers could seek lawsuits and cut the price they are willing to pay if the numbers are shown to be, say, 100% inflated, meaning twitter has less than half the users they claim.
The SEC could also prosecute twitter for lying on their SEC forms as well.
Twitter could be delisted off the stock market for this practice of lying about their health.
I think this was the end game all along by Musk: Destroy twitter.
Where the rubber meets the road.....
Financial institutions own 91.7% of Twitter shares. When they begin to get nervous and to lose money, things must change.
Here are the top 5
1. The Vanguard Group, Inc.
2. Elon Musk
3. Morgan Stanley
4. BlackRock Inc.
5. State Street Corp.
One can only wonder what is going on behind closed doors.
He’s right. They are in breach of contract.
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.
Don’t forget all the advertisers that have been lied to. Will they get a refund?
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.
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.
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.
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!