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[–] • 5 pts

The twatter board will now get ugly, they need this deal to cover up their fraud.

[–] • 4 pts

Worth pointing out, if they fail to comply, Elon isnt bound by billion dollar termination clause.

[–] [deleted] • 5 pts

The deal goes both ways. If twitter lied, they very well could end up owing him the 1 billion. Worst case is that they both owe each other a billion and it's a wash.

[–] • 3 pts

Worse yet, if they come clean, that means admission to fraudulent FTC filings. All of the board and executives could be in trouble with criminal offenses.

[–] • 4 pts

Maybe twatter will finally complete its swan song and the fat lady will sit on it.

[–] • 1 pt (edited )

That motherfucker owes me money. If you need some info you should get it before you offer to pay for something. Twitter was always a shit sandwich. Everyone knows that. No one forced him to try to buy it, much less offer to buy it at substantially more than the market indicated it's worth. Are we sure he's not a jew?

[–] [deleted] • 1 pt

No one forced him to try to buy it,

You are ignorant of the deal. He is not buying it alone, he is working with several banks. Banks, that are in a very antagonistic position with the bank that owns most of twitter. I suspect that there are some serious ulterior motives going on here. This is important. It was not Musk's money buying twitter, but a loan from big banks. This is a financial conspiracy to destroy twitter. With banks getting involved more security laws kick in, and this FORCES government oversight.

This is a shockingly nasty situation. God i love watching it from afar.

[–] • 0 pt

I'm like 150 bucks invested. Some people on here seem a lot more than that. Whether just emotionally or whatever position they took, I dunno.

So, how do banks destroy Twitter? As far as businesses-that-are-a-website go Twitter is in a reasonably good position. They're probably overvalued as an investment, but they have a lot of real users. More than, I'd say, reddit. Insta and TikTok exist, but I don't see them as replacements so much as services that can comfortably coexist -- that will have a lot of overlapping users.

What Twitter should do in sort of a worst case is fire all their useless employees and keep the users. I don't know whether Mr Musk actually wants to acquire Twitter. If not, it's a dick move for him to say he did. I certainly won't be involved again. Fool me once, you know.

[–] [deleted] • 0 pt

So, how do banks destroy Twitter?

While there are a few big names that own a lot of stock, most of the stock, from my understanding, is held by banks. This gets scary because those stocks are probably being used to fund pension funds, 401ks, or are investment assets that the banks hold. So if it is over valued due to fraud, then they will have to extract as much money out of twitter to set the books right.

[–] • 1 pt

You've obviously never bought anything more expensive than a hamburger. They gave him the info, and the info was false. If you agreed to buy a hamburger that was 100% beef and half the patty turned out to be rat turds, there's no "muh doo diilegens" argument. It's just fraud.

[–] [deleted] • 1 pt

Twitter is in "clear material breach" of the acquisition agreement.

When was the last time, in a buyout, that such a thing was stated? Jesus, he is going to crash the san fransisco tech sector and leave no survivors. Shit is starting to make sense now: the tech sector layoffs, the negative employer prospects in the various surveys, and the failed facebook rebranding.

My God this is beyond a scandal, this is a financial coup, because this means that the SEC ignored blatant fraud for yeas, probably due to political pressure from the democrats, and this will trigger depression era financial accountability laws. Is he doing this to impeach biden?

A second dot.com crash, because of politically connected financial fraud? after 2008? This is a financial coup. It's a fucking legal letter now, in legal writing, put out to the public. This is not a threat of the nuclear option, this is the launching of the ICBMS.

[–] • 0 pt

Yup. The only real asset TWTR has is its users. That is what he is buying, that it what is being fraudulently inflated -- and not just by TWTR, but the whole tech sector. They all make up fake users to bilk advertisers, and investors get scammed in the process.

[–] [deleted] • 1 pt

This ties back to the repeal of the smith mundt act, if government propaganda was what created the fake users, and if the fake users where what was being sold to these companies, then it will have been a government perpetuated fraud. It will be ugly, and those cowards will turn on each other.

The biggest fear is that when the smoke clears, 2024 will be a Jeff Beezos candidacy and he will stick all the venture capitalists in cabinet positions. That would be your great reset right there, a full technocracy coup over night. There is literally a cabal of venture capitalists who built all the IT infrastructure companies that the government depends on to survive.

[–] • 1 pt

I don't see Twitter recovering from this. Liberals already abandoned it, while conservatives have mostly been waiting to see it cleaned up before joining. Now that the company has publicly said it doesn't know if bots are manipulating it or how many there are, most will assume it is happening and Twitter, at best has no interest in stopping it while at worst they are encouraging it.

[–] [deleted] • 1 pt

Now that the company has publicly said it doesn't know if bots are manipulating it or how many there are, most will assume it is happening and Twitter, at best has no interest in stopping it while at worst they are encouraging it.

Remember Russian Bots? Now, If twitter has not done anything about the bots, and admitted that they do not know how many bots they have; then they are guilty of aiding the russians who have sanctions on them. I am waiting for that argument to pop out.

Every fucking angle this gets worse, and worse, and worse for them.