RIP Twitter

#2,480
#2,480
How these SM investments are worth so much in first place...I dont get it. Profiling and ad targeting I guess but dang..math seems way off.

Test: I am thinking of buying a quonset hut
 
#2,482
#2,482
It's not the bots, it's buyer's remorse. He waived due diligence and while closing the deal, tech valuations crashed. The bots are just an excuse. If the tech valuations went up by 40% during the time to close the deal, you wouldn't hear about the bots...
 
#2,485
#2,485
BigOrangeMojo said:
It's not the bots, it's buyer's remorse. He waived due diligence and while reviewing the books, tech valuations crashed. The bots are just an excuse. If the tech valuations went up by 40% during the time to close the deal, you wouldn't hear about the bots...
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I don't think it's an excuse. Data is a moneymaker and if a large portion are ghost accounts, that's a huge devaluation once the sale hits.
 
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#2,486
#2,486
utvols88 said:
I don't think it's an excuse. Data is a moneymaker and if a large portion are ghost accounts, that's a huge devaluation once the sale hits.
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Back in 2015-2016 there were people that did some reviews behind the scenes of places like Reddit, as well. They found absolutely shocking misrepresentations of activity, both suppression of certain subreddits and inflation of others.

Lying like this is tech standard.
 
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#2,487
#2,487
utvols88 said:
I don't think it's an excuse. Data is a moneymaker and if a large portion are ghost accounts, that's a huge devaluation once the sale hits.
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Tech valuations crashed by 25-40%.

There would have to be 40% fake accounts to equate to the tech valuation reduction.

I'm not saying Twitter isn't crap or that they might have understated the fakes but this is buyer's remorse wrapped up in a straw man argument.
 
#2,488
#2,488
ButchPlz said:
Back in 2015-2016 there were people that did some reviews behind the scenes of places like Reddit, as well. They found absolutely shocking misrepresentations of activity, both suppression of certain subreddits and inflation of others.

Lying like this is tech standard.
Click to expand...

Like fake followers on FB..
How many Twitter or SM followers does Biden have?
 
#2,489
#2,489
ButchPlz said:
Back in 2015-2016 there were people that did some reviews behind the scenes of places like Reddit, as well. They found absolutely shocking misrepresentations of activity, both suppression of certain subreddits and inflation of others.

Lying like this is tech standard.
Click to expand...

Then why did Musk waive due diligence. Should of he, of all people, know better?
 
#2,490
#2,490
BigOrangeMojo said:
Tech valuations crashed by 25-40%.

There would have to be 40% fake accounts to equate to the tech valuation reduction.

I'm not saying Twitter isn't crap or that they might have understated the fakes but this is buyer's remorse wrapped up in a straw man argument.
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Maybe I am confused..but since we dont know the overvaluation of Twitter accounts YET...what does a general tech crash have to do with this?
 
#2,491
#2,491
hog88 said:
Of course but it's Twitter that will have to worry about the SEC and their potentially false reports.
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He has them cod lock. They probably lied in their financial disclosures. Highly illegal...all directors liable. He will get it cheap if he still wants it.
 
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#2,492
#2,492
Orangeburst said:
Maybe I am confused..but since we dont know the overvaluation of Twitter accounts YET...what does a general tech crash have to do with this?
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Look at your 401k. The value of tech companies crashed big time in the 2nd quarter. He essentially said he'd prepay for a steak at $30 and now the steak is worth $15 and he wants to send it back to the kitchen before he sees it because it might have too much fat on it...
 
#2,494
#2,494
BigOrangeMojo said:
Look at your 401k. The value of tech companies crashed big time in the 2nd quarter. He essentially said he'd prepay for a steak at $30 and now the steak is worth $15 and he wants to send it back to the kitchen before he sees it because it might have too much fat on it...
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A better analogy is he offered to buy a steak (offer), they agreed (acceptance), but delivered bologna (no meeting of the minds), no consideration given. No contract. Now, make new contract to buy the bologna at bologna prices.
 
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#2,495
#2,495
Remember when all the leg-humpers on here were celebrating Musk's takeover of Twitter and I said it would all end in tears for him and got mocked for saying that. Tell you guys, always bet on evil. I ain't wrong very often.
 
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#2,496
#2,496
evillawyer said:
Wonder if this will be the largest breach of contract action ever?

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If they force the purchase it's not a breach of contract.

Furthermore, if the numbers are legit, why would they force to sell instead of pocketing 1b? If their product is legit, an extra 1b would be a solid gain, no?
 
#2,497
#2,497
evillawyer said:
Remember when all the leg-humpers on here were celebrating Musk's takeover of Twitter and I said it would all end in tears for him and got mocked for saying that. Tell you guys, always bet on evil. I ain't wrong very often.
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You have ceased with the “thanks Joe” for a little while now. Was that on purpose ?
 
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#2,498
#2,498
utvols88 said:
No it's not. It's a part of any acquisition. Reviewing the books and product to make sure there isn't anything nefarious. If he pulls out because fake accounts have a high share in the total product, Twitter tanks and suffers a harsh black mark and potential suits.
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This is the type of stuff we've been saying the whole time @evillawyer

Sit back and watch it happen
 
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#2,499
#2,499
evillawyer said:
Remember when all the leg-humpers on here were celebrating Musk's takeover of Twitter and I said it would all end in tears for him and got mocked for saying that. Tell you guys, always bet on evil. I ain't wrong very often.
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You're yet to be right on anything. Refresh your contract law (counselor?). How is this going to be reconciled? He did his due diligence as much as possible. What next? Cards on the table is the only way out. They will have to show through 3rd party audit.
 
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#2,500
#2,500
Ernest T. Vol said:
You're yet to be right on anything. Refresh your contract law (counselor?). How is this going to be reconciled. He did his due diligence as much as possible. What next? Cards on the table is the only way out. They will have to show through 3rd party audit.
Click to expand...
Discovery is going to be interesting. I'd imagine an SEC investigation may occur along side
 
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