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Jail for Jack Dorsey?

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Posted By: Magnante, 7/11/2022 1:34:46 PM

Appearing on Media Buzz with Howie Kurtz on Fox News to discuss Elon Musk’s refusal to move forward with his acquisition of Twitter, Fox Business Network correspondent Charles Gasparino mentioned the f-word: fraud. Stating that if Musk’s contention is correct, that Twitter has been lying about the prevalence of bots in its traffic since its IPO in 2013, that would constitute securities fraud, and could land Jack Dorsey and other executives at Twitter in prison. On the other hand, Musk could face incarceration if he loses his case (snip) and if Musk refuses to obey a court order

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Reply 1 - Posted by: Starboard_side 7/11/2022 1:49:26 PM (No. 1213111)
I liked Elon's message on how they'll need to show the true number of bots and fake accounts in Court when they were reluctant to do so, it seems, for him directly. I would have to presume these tech folks know what's real and not real as far as fake accounts and bots, so it's likely been known for years.
15 people like this.

Reply 2 - Posted by: zoidberg 7/11/2022 1:50:02 PM (No. 1213112)
@Jack #InJail.
17 people like this.

Reply 3 - Posted by: laurenc 7/11/2022 2:09:34 PM (No. 1213129)
Good! He deserves a little hard time for trying to help steal the 2020 election. If there is fraud involved in the number of bots, I suspect Twitter will back down on it's court case, which should lead to a govt. probe of Twitter. A win-win... Elon's done it again!
15 people like this.

Reply 4 - Posted by: formerNYer 7/11/2022 2:19:35 PM (No. 1213142)
Dorsey in jail??? Boy, would that make my year!
15 people like this.

Reply 5 - Posted by: FL_Absentee_Voter 7/11/2022 2:39:50 PM (No. 1213161)
Glad I'm not an investor, watching the value of my shares continue to decline while the board plays ideological games with a pragmatic multi-billionaire. At what point do the major shareholders rise up?
8 people like this.

Reply 6 - Posted by: Aubreyesque 7/11/2022 2:48:57 PM (No. 1213167)
Take in Christopher Bouzy as well. He and his organization have become social media terrorists hired by the Narkles and Amber Heard.
4 people like this.

Reply 7 - Posted by: stablemoney 7/11/2022 2:58:49 PM (No. 1213179)
The lack of knowledge about offers to buy a company is astonishing. An offer is merely that, an offer, and in every case includes a requirement of successfully completing the due diligence by the buyer, and co-operation of the seller in that process. Here, Musk included a break up fee of $1B, if he decided not to complete the transaction. There is no qualifications for Musk making that decision, beyond his satisfaction with the due diligence, so Musk would have to pay the $1B break up fee. That is a huge distance from going to jail for not completing the transaction. As for Twitter suing, I don't think so. Twitter may have hired a lawyer, but Musk is in the driver's seat. Instead of the break up fee of $1B, he can pay his lawyers $1B to go through all Twitter's records under court subpoena. Twitter is in a hole, and it will only get deeper.
9 people like this.

Reply 8 - Posted by: MindMadeUp 7/11/2022 3:01:52 PM (No. 1213181)
Billionaires do not go to jail.
4 people like this.

Reply 9 - Posted by: jimkata 7/11/2022 3:04:13 PM (No. 1213184)
or #2... how bout JackIn theBox
9 people like this.

Reply 10 - Posted by: Dodge Boy 7/11/2022 5:29:26 PM (No. 1213272)
Yes, Rasputin will be doing some time in the joint.
2 people like this.

Reply 11 - Posted by: rememberwhen 7/11/2022 5:43:08 PM (No. 1213283)
With respect to Musk being subject to a court order to complete the transaction. Unless the law has changed substantially in the years since I took contract law, the remedy for breach of contract is money damages, not injunctive relief. I don't see a high probability of his being ordered to complete the transaction.
4 people like this.

Reply 12 - Posted by: 3XALADY 7/12/2022 9:44:39 AM (No. 1213835)
I have seen insinuations that Twitter gets gooberment $$$$. If so, will anyone be looking for fraud because of that?
0 people like this.

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Posted by Magnante 7/11/2022 1:34:46 PM Post Reply
Appearing on Media Buzz with Howie Kurtz on Fox News to discuss Elon Musk’s refusal to move forward with his acquisition of Twitter, Fox Business Network correspondent Charles Gasparino mentioned the f-word: fraud. Stating that if Musk’s contention is correct, that Twitter has been lying about the prevalence of bots in its traffic since its IPO in 2013, that would constitute securities fraud, and could land Jack Dorsey and other executives at Twitter in prison. On the other hand, Musk could face incarceration if he loses his case (snip) and if Musk refuses to obey a court order
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