Ok.
Lets suppose it is not only 5%.
Maybe 20%.
Would it be fair to buy a company that 20% of its "customers" are fake?
He is forcing twitter to be honest or to at least audit it.
Lets suppose it is not only 5%.
Maybe 20%.
Would it be fair to buy a company that 20% of its "customers" are fake?
He is forcing twitter to be honest or to at least audit it.
> If our twitter bid succeeds, we will defeat the spam bots or die trying!
> And authenticate all real humans
It's a bit weird to now have him go "I'm backing out on the bid because Twitter has many bots and does not authenticate real humans"
Yes. for a number of reasons.
1) You carry the investigation BEFORE filling to buy (he waived the investigation).
2) Twitter never said 5% are bots, they said 5% of monetasible daily users are bots. Thats a very important distinction, and one Musk is well aware off. Because he has used bots to affect tesla stock price before.
3) No one forced him to put a 40 billion offer on the table, but once its on, it affects the market so you cannot back away willie nilly. Thousands of people made choices based on him filling that offer, he has to deal with the responsability and the consequences.
> He is forcing twitter to be honest or to at least audit it.
No, he is trying to use public sentiment. Like your comment, to not have to pay the 1,000,000,000 fine if he doesn't buy it. And he will have to pay it because he company is now worth much less and he is trying to find a way to weasel away.