That's where I want to see how this plays out. The 54.20 offer isn't official yet. He is only talking at this point. Even though the board "accepted", it doesnt matter that much, it only means they wont do a poison pill. It is still up to the shareholders, which the board holds very little percentage wise.
Once the offer material, terms, and financing conditions are announced, it becomes real. I hope he accounts for a CVR (contingent value right) + hard cash = 54.20. If you're buying something, you don't want to walk in to a complete sham, where 50+% of the accounts are bots. That's just misrepresentation.
This is a common practice in other tech/pharma companies where a buyout occurs via SPAC or otherwise and certain agreed upon thresholds need to be met for the buyer to pay out fully, like sales goals or FDA approvals.
3 or 4 weeks ago, maybe a bit longer, (definitely post UA invasion) a substantial decrease in "active users" on /r/conspiracy was noted. Previous typical "users" (🤣) online was around 10 or 11k. As if a switch was flipped that number dropped to 4 - 6k active users. This behavior continues to this day. It was documented and meta-posted about over there...
That's why the bots dissappeared when he bought it. They are trying to eliminate evidence.
But by doing this, they made it more obvious. It only proves they had an algo running and deleted the algo.
And he could sue the board and demand a discount on the stonk price because they lied about the company and over valued it. Probably 60% bots.
That's where I want to see how this plays out. The 54.20 offer isn't official yet. He is only talking at this point. Even though the board "accepted", it doesnt matter that much, it only means they wont do a poison pill. It is still up to the shareholders, which the board holds very little percentage wise.
Once the offer material, terms, and financing conditions are announced, it becomes real. I hope he accounts for a CVR (contingent value right) + hard cash = 54.20. If you're buying something, you don't want to walk in to a complete sham, where 50+% of the accounts are bots. That's just misrepresentation.
This is a common practice in other tech/pharma companies where a buyout occurs via SPAC or otherwise and certain agreed upon thresholds need to be met for the buyer to pay out fully, like sales goals or FDA approvals.
It is really going to sting when he ends up with Twitter at a much-reduced price after exposing the non-organic numbers.
Just like the election fraud thing - they had to scramble in getting rid of evidence and in turn left behind a ton of evidence
Hijacking for a fun fact!
3 or 4 weeks ago, maybe a bit longer, (definitely post UA invasion) a substantial decrease in "active users" on /r/conspiracy was noted. Previous typical "users" (🤣) online was around 10 or 11k. As if a switch was flipped that number dropped to 4 - 6k active users. This behavior continues to this day. It was documented and meta-posted about over there...
Hindsight appears 20/20. 40000 ft.
Dasting...