Elon Musk buys $3 billion stake (9.2%) in Twitter and is now the platform's largest shareholder

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“Temporarily on hold” as Elon discovers Twitter might have spam accounts

https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold

More like as Musk finds out he might have been wrong about Twitter being flooded with spam bot accounts. Part of his grand plan for revolutionizing Twitter was premised on the notion of getting rid of all of the bot accounts, so finding out that less than 5% of accounts are bot account threw a wrench in that.

Sure Jan.

Go read the articles. Musk has repeatedly stated that part of his planning for improving Twitter was to get rid of the bot accounts that he believed were flooding Twitter and degrading the experience. It was in his investor presentation. Twitter recently made a filing that stated that bot accounts make up less than 5% of it accounts, which is a problem for Musk because that’s a pretty low level of bot accounts so there’s not a lot of room for improvement there. So now Musk is pausing the deal while he gets the underlying data. There is plenty of speculation, though, that this is just an excuse by Musk to try to get out of a deal he’s regretting.

[Anonymous]

Anonymous wrote:So Tesla down is down to $734 today. I understand he's secured $12.5B of the purchase price with a margin loan against Tesla stock. At what price does this twitter purchase become impossible for him?

Looks like the magic price for Tesla was $728.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“Temporarily on hold” as Elon discovers Twitter might have spam accounts

https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold

More like as Musk finds out he might have been wrong about Twitter being flooded with spam bot accounts. Part of his grand plan for revolutionizing Twitter was premised on the notion of getting rid of all of the bot accounts, so finding out that less than 5% of accounts are bot account threw a wrench in that.

Sure Jan.

Yep, has nothing to do with Tesla price collapsing, which just happened to be collateral for the loans he needed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“Temporarily on hold” as Elon discovers Twitter might have spam accounts

https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold

More like as Musk finds out he might have been wrong about Twitter being flooded with spam bot accounts. Part of his grand plan for revolutionizing Twitter was premised on the notion of getting rid of all of the bot accounts, so finding out that less than 5% of accounts are bot account threw a wrench in that.

Sure Jan.

Yep, has nothing to do with Tesla price collapsing, which just happened to be collateral for the loans he needed.

Dear lord, people, follow the exchange. Whether you believe Musk’s excuse for pausing the deal or not, the poster who originally posted the link got the explanation wrong. Musk did claim he was pausing the deal because he found out there were spam bot accounts, he said it was because he learned there weren’t as many spam bot accounts as he thought.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“Temporarily on hold” as Elon discovers Twitter might have spam accounts

https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold

More like as Musk finds out he might have been wrong about Twitter being flooded with spam bot accounts. Part of his grand plan for revolutionizing Twitter was premised on the notion of getting rid of all of the bot accounts, so finding out that less than 5% of accounts are bot account threw a wrench in that.

Sure Jan.

Yep, has nothing to do with Tesla price collapsing, which just happened to be collateral for the loans he needed.

Dear lord, people, follow the exchange. Whether you believe Musk’s excuse for pausing the deal or not, the poster who originally posted the link got the explanation wrong. Musk did claim he was pausing the deal because he found out there were spam bot accounts, he said it was because he learned there weren’t as many spam bot accounts as he thought.

He’s say anything to get out of the deal. He didn’t think it through, Twitter called his bluff and now he’s backpedaling.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“Temporarily on hold” as Elon discovers Twitter might have spam accounts

https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold

More like as Musk finds out he might have been wrong about Twitter being flooded with spam bot accounts. Part of his grand plan for revolutionizing Twitter was premised on the notion of getting rid of all of the bot accounts, so finding out that less than 5% of accounts are bot account threw a wrench in that.

Sure Jan.

Yep, has nothing to do with Tesla price collapsing, which just happened to be collateral for the loans he needed.

Dear lord, people, follow the exchange. Whether you believe Musk’s excuse for pausing the deal or not, the poster who originally posted the link got the explanation wrong. Musk did claim he was pausing the deal because he found out there were spam bot accounts, he said it was because he learned there weren’t as many spam bot accounts as he thought.

He’s say anything to get out of the deal. He didn’t think it through, Twitter called his bluff and now he’s backpedaling.

Yes, but that’s not the point of my post.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“Temporarily on hold” as Elon discovers Twitter might have spam accounts

https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold

More like as Musk finds out he might have been wrong about Twitter being flooded with spam bot accounts. Part of his grand plan for revolutionizing Twitter was premised on the notion of getting rid of all of the bot accounts, so finding out that less than 5% of accounts are bot account threw a wrench in that.

Sure Jan.

Yep, has nothing to do with Tesla price collapsing, which just happened to be collateral for the loans he needed.

Dear lord, people, follow the exchange. Whether you believe Musk’s excuse for pausing the deal or not, the poster who originally posted the link got the explanation wrong. Musk did claim he was pausing the deal because he found out there were spam bot accounts, he said it was because he learned there weren’t as many spam bot accounts as he thought.

Yeah, we got it. No one else cares about the details of his excuse. His financing is falling apart.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why is everyone so terrified of freedom of expression?

This has nothing to do with freedom of expression really. It has to do with guaranteeing a platform to people who hate America and incite violence against its democratic institutions. You have your freedom of speech — but stop thinking you are owed an audience or a platform.

This must be why the President of Iran, the person who funds violent attacks against the US and its allies, is cooperating with Putin, is banned from Twitter!

Oh wait...

[Anonymous]

Anonymous wrote:

Anonymous wrote:“Temporarily on hold” as Elon discovers Twitter might have spam accounts

https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold

More like as Musk finds out he might have been wrong about Twitter being flooded with spam bot accounts. Part of his grand plan for revolutionizing Twitter was premised on the notion of getting rid of all of the bot accounts, so finding out that less than 5% of accounts are bot account threw a wrench in that.

Didn’t he do basic due diligence?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“Temporarily on hold” as Elon discovers Twitter might have spam accounts

https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold

More like as Musk finds out he might have been wrong about Twitter being flooded with spam bot accounts. Part of his grand plan for revolutionizing Twitter was premised on the notion of getting rid of all of the bot accounts, so finding out that less than 5% of accounts are bot account threw a wrench in that.

Didn’t he do basic due diligence?

Clearly not. He thought he would do that once he got a look under the hood. Dummy.

My prediction: he backs out of the deal and refuses to pay the breakage fee. Twitter sues Elon, he cries that Twitter is a big meanie and trying to oppress his “free speech.”

He’s so manic.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“Temporarily on hold” as Elon discovers Twitter might have spam accounts

https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold

More like as Musk finds out he might have been wrong about Twitter being flooded with spam bot accounts. Part of his grand plan for revolutionizing Twitter was premised on the notion of getting rid of all of the bot accounts, so finding out that less than 5% of accounts are bot account threw a wrench in that.

Didn’t he do basic due diligence?

No, no he did not. 😂

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“Temporarily on hold” as Elon discovers Twitter might have spam accounts

https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold

More like as Musk finds out he might have been wrong about Twitter being flooded with spam bot accounts. Part of his grand plan for revolutionizing Twitter was premised on the notion of getting rid of all of the bot accounts, so finding out that less than 5% of accounts are bot account threw a wrench in that.

Didn’t he do basic due diligence?

Is the % of spam bot accounts listed in financial or other compliance reporting? If not, how was this information available for review? In M&A, due diligence happens right about now, after an offer is made and there is a good likelihood of agreement.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“Temporarily on hold” as Elon discovers Twitter might have spam accounts

https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold

More like as Musk finds out he might have been wrong about Twitter being flooded with spam bot accounts. Part of his grand plan for revolutionizing Twitter was premised on the notion of getting rid of all of the bot accounts, so finding out that less than 5% of accounts are bot account threw a wrench in that.

Didn’t he do basic due diligence?

Clearly not. He thought he would do that once he got a look under the hood. Dummy.

My prediction: he backs out of the deal and refuses to pay the breakage fee. Twitter sues Elon, he cries that Twitter is a big meanie and trying to oppress his “free speech.”

He’s so manic.

Yup. He’s a nut.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“Temporarily on hold” as Elon discovers Twitter might have spam accounts

https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold

More like as Musk finds out he might have been wrong about Twitter being flooded with spam bot accounts. Part of his grand plan for revolutionizing Twitter was premised on the notion of getting rid of all of the bot accounts, so finding out that less than 5% of accounts are bot account threw a wrench in that.

Didn’t he do basic due diligence?

Is the % of spam bot accounts listed in financial or other compliance reporting? If not, how was this information available for review? In M&A, due diligence happens right about now, after an offer is made and there is a good likelihood of agreement.

Twitter had disclosed this <5% estimate is prior public filings. Reviewing a potential target’s public filings is pretty basic pre-offer due diligence.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“Temporarily on hold” as Elon discovers Twitter might have spam accounts

https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold

More like as Musk finds out he might have been wrong about Twitter being flooded with spam bot accounts. Part of his grand plan for revolutionizing Twitter was premised on the notion of getting rid of all of the bot accounts, so finding out that less than 5% of accounts are bot account threw a wrench in that.

Didn’t he do basic due diligence?

Is the % of spam bot accounts listed in financial or other compliance reporting? If not, how was this information available for review? In M&A, due diligence happens right about now, after an offer is made and there is a good likelihood of agreement.

Twitter had disclosed this <5% estimate is prior public filings. Reviewing a potential target’s public filings is pretty basic pre-offer due diligence.

For instance, you can find the same statistic is Twitter’s Q3 10-Q, filed last October.

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001418091/22854ac5-ea3e-4e62-8cf7-7599759d3dff.pdf