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137

https://www.axios.com/2022/05/17/elon-musk-twitter-will-enforce-merger

I'd say fraud it a reason for it not to happen. This is gonna be fun to watch!

https://www.axios.com/2022/05/17/elon-musk-twitter-will-enforce-merger I'd say fraud it a reason for it not to happen. This is gonna be fun to watch!

(post is archived)

[–] • 7 pts

The disclosure that Twitter's bot assessment is based on monitoring 100 undisclosed accounts. External audits commonly find 10%-15%. Apparently some have found up to 95% of accounts are fake.

All of which provides for a contractual out for misrepresentation by Twitter, which also creates criminal and civil liabilities for the executives and the board. Falsified SEC filings is a crime. As is every sales they've made to advertisers about users.

All of which creates huge financial liabilities for Twitter and a prospective new owner.

[–] • 3 pts

The lawyers are gathering like sharks. This could be the biggest feeding frenzy ever!

[–] • 1 pt

I think were about to see some talmudic lawyering. They will say its a generally accepted account principle (GAAP) to say bots are only 5% of your user base. All social media does it. The Biden controlled SEC will agree.

[–] • 4 pts

Well since we know they're "commie as fuck" they sure as shit don't understand economics or how a simple deal works. Both buyer and seller have to enter on their own free will and accord with no undue influence and honest accounting/valuation. They honestly believe they can lie about their support then lie about their valuation but still make you pay for it.

[–] • 3 pts

They are used to everything going the way they dictate, hard to be contra to that way of thinking when you have been getting away with it / normal mode of operation since Obama took office.

[–] [deleted] • 2 pts

The left controls most of the judges. A corrupt judge (most of them) will rule in twitter's favor.