"These fraudsters are gonna get sued"
Wishful thinking anon.
Maybe. But Twitter used made-up numbers of their active user base. This can hurt them in 4 ways: * SEC filing: The SEC doesn't want to hurt Twitter - no problem * Advertizers: Most of them don't want to hurt Twitter - no problem * Shareholder communication: Some will sell with a loss and then sue - expensive problem * Elon Musk: He can cancel the contract to buy Twitter and get the contractual penalty (1 bln USD). Then he can offer a new contract after Twitter has lost much of its value - very expensive problem.
^ THIS
(post is archived)