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Decoding Elon Musk’s placing of his
Twitter bid ‘on hold’

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Posted By: DW626, 5/15/2022 9:44:01 AM

When Elon Musk announced his $44 billion takeover bid to Twitter, it caused celebrations and meltdowns in equal measure. Conservatives and libertarians, who have been the recipients of step-motherly treatment on Twitter owing to its overwhelming liberal bias, hoped Musk would liberate the platform into a haven for free speech. Liberals feared losing control over a primary tool of communication and manipulation. Hence, Twitter employees staged walkouts. MSNBC said that Musk’s takeover would have 'massive, life and globe-altering consequences'. The New York Times and the Washington Post scurrilously attacked Musk.

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Reply 1 - Posted by: Muguy 5/15/2022 9:53:43 AM (No. 1155934)
Twitter has long been criticized for fake bot accounts making it appear as a reliable metric to determine trends and opinions. How much of that is really people and how much of it was making it appear like it was relevant? Rush used to point out that a person with a fax machine could make some sort of quasi-organization look like it had a lot more in place than just the volume of communication it seemed to command, and Musk is taking a "buyer beware" approach. Caveat emptor!
17 people like this.

Reply 2 - Posted by: smokincol 5/15/2022 10:09:07 AM (No. 1155945)
why is everyone getting themselves all in a sweat over this pronouncement? he's seeking truth on the absolutist level and I don't blame him if he can save 10 billion dollars I'm with him and, I don't have Twitter, I don't care about Twitter and it makes no difference to me what he does with Twitter
18 people like this.

Reply 3 - Posted by: EJKrausJr 5/15/2022 10:29:51 AM (No. 1155973)
Elon saw the pig in the poke - ergo Twitter - and is now checking out the pig before he finalizes his purchase. He may be finding out that the poke is defective and thereby the pig is infected. When you cough up billions of $$$ for a pig, you expect the pig to be a real pig. Elon will find out. Either way the public benefits.
26 people like this.

Reply 4 - Posted by: Nimby 5/15/2022 10:38:23 AM (No. 1155984)
James Baker from FBI is #2 legal at twitter!! Enough said!! He was one of tbe people who was involved with Russiagate lies
12 people like this.

Reply 5 - Posted by: Sorosisbehindit 5/15/2022 10:52:53 AM (No. 1156002)
The entire idea of a purchase may have been all about exposing the fraud and walking away, or picking it cheap.
14 people like this.

Reply 6 - Posted by: Quigley 5/15/2022 10:53:17 AM (No. 1156003)
I had always imagined that transactions involving $Billions would be tightly managed from all perspective- legal, securities law in particular, disclosure etc etc. i would not have thought that even though the transaction was marketed as a very casual acquisition y a very cool guy that it would in fact be casually approached. Musk has got to have a working familiarity with securities laws. He should have had a pretty good idea that the full force of the US government and media would be marshaled to stop this transaction. In other words he should have pretty much known what he was getting into (of course, Trump stated he expected bad, but was shocked at how bad the Deep State attacked). And he’s certain to be pretty smart. But perhaps a couple of $Billion isn’t that material to his way of life. Perhaps like Trump preserving freedom against the forces of greed and grasping and evil is more important to him than a certain portion of his wealth. He talked about his possible violations of securities laws the minute he came public with his initial acquisition. The buyout deal was accomplished so quickly. I had always wondered if he just wanted to deal a body blow to twitter. It seems the company may not survive if the deal falls apart. Fundamental fraud of financials (fake user accounts) could keep the $1 Billion payout in litigation for years. And the Board will no doubt be unmercifully sued for breach of fiduciary duty. Is twitter already half dead once the underpinnings of a $54.20 (and 20 cents?) buyout offer collapses?
7 people like this.

Reply 7 - Posted by: DVC 5/15/2022 10:54:39 AM (No. 1156004)
Tossing out theories without shedding any real light. Nothing "decoded" at all.
7 people like this.

Reply 8 - Posted by: Californian 5/15/2022 11:02:00 AM (No. 1156013)
Standard due diligence stuff that happens in every deal. The difference is Musk talks in public about it which never happens normally.
6 people like this.

Reply 9 - Posted by: Californian 5/15/2022 11:02:31 AM (No. 1156014)
Oh and my guess is >50% are fakes.
9 people like this.

Reply 10 - Posted by: judy 5/15/2022 11:20:11 AM (No. 1156027)
Can Musk sue Twitter for false or misleading stats???
8 people like this.

Reply 11 - Posted by: WV.Hillbilly 5/15/2022 11:42:16 AM (No. 1156046)
Twitter claims less than 5% are fake accounts or bots. This number has been in their SEC filings since the beginning. The number is much higher and they know it. Which means they've knowingly flied false documents. The real number could be as high as 15%. More bots equal less real accounts. Musk is negotiating for a lower deal price
8 people like this.

Reply 12 - Posted by: earlybird 5/15/2022 11:44:39 AM (No. 1156047)
I am not buying much of what Rajan is selling. Who is he? Most deals are subject to due diligence. They are not final until they are final. Rajan doesn’t seem to know that. If he did, he wouldn’t be going all gloom and doom for Musk if he found Twitter was full of bogus accounts or any other things that have been hidden that would affect its price or his buying it. Why do we care what an Indian writer speculates?
4 people like this.

Reply 13 - Posted by: DVC 5/15/2022 12:57:20 PM (No. 1156095)
I think that #11, did the real decoding here.
3 people like this.

Reply 14 - Posted by: PeasantNumberThree 5/15/2022 4:11:45 PM (No. 1156202)
Interesting discussion. On Maria Bartiromo's Sunday Morning Futures this morning, Devin Nunes (now CEO of Truth Social) said that he thought it was more likely that 5% of Twitter users were real rather than 5% were bots. I hope Elon gets a price cut on the deal (since Big Tech stocks have been getting hammered). As I understand it, if he walks away, he must pay Twitter a $1B penalty. But if he decides to walk away, he COULD just sell all his Twitter stock (~9%). Twitter stock is down to $40 due to Elon's "hold"; if he sells his holdings all at once, the resulting sell-off could end the company. Less money for them to sue him with. Just sayin'.
2 people like this.

Reply 15 - Posted by: mifla 5/16/2022 5:21:07 AM (No. 1156589)
Expose the corruption at Twitter and then buy it for pennies on the dollar.
0 people like this.

Reply 16 - Posted by: judy 5/16/2022 5:59:46 AM (No. 1156601)
Musk should dump Twitter & create his own social media site.
0 people like this.

Reply 17 - Posted by: MickTurn 5/16/2022 12:14:19 PM (No. 1156970)
You walkout and you're FIRED, PERIOD!
0 people like this.

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