I’m hearing that he’s driving down the price so SWAC can pick it up on the cheap (think $1 or less per share) and reward the early investors. If you don’t have 80%+ of your money in SWAC, well…
Not. He most likely just launched the downfall of Twitter.
Bot/spamer accounts turn out to be higher, maybe even well higher, than 5%.
EM backs out, company is a sham.
Stockholders sue Twitter for misrepresenting company.
Twitter shuts it's doors or goes bankrupt. TMTG or maybe EM swoop in and buy it super cheap, or just let it fall by the wayside. Once it gets to this point, what's the use in buying it though.
Not if he backs out because of fraud - his offer is based on reported users, but the misreported bot counts (and using a sample size of only 100 and trying to pass it off as large enough) will invalidate it entirely, if it's proven that there is more than 5% of users as bots (there is definitely more than 5% bots)
I believe he is. How many fake/bot accounts on Twitter? What if that number is in excess of 25 million? What if Musk says: "Okay, let's re-negotiate the deal!" and then lowers the offer by several billion $$ because Twitter is poisoned with deceptive practices.
I believe that is what we will see. No one else will want Twitter when the truth is exposed.
No. He is exposing the fraud that will lead to billions in lawsuits. Twitter will crash and be sold on auction, effectively, for pennies on the dollar.
I think it's "or". We'll find out.
LOL. No, he will burn it to the ground without having to buy it. What a great show!
I’m hearing that he’s driving down the price so SWAC can pick it up on the cheap (think $1 or less per share) and reward the early investors. If you don’t have 80%+ of your money in SWAC, well…
Not. He most likely just launched the downfall of Twitter. Bot/spamer accounts turn out to be higher, maybe even well higher, than 5%. EM backs out, company is a sham. Stockholders sue Twitter for misrepresenting company. Twitter shuts it's doors or goes bankrupt. TMTG or maybe EM swoop in and buy it super cheap, or just let it fall by the wayside. Once it gets to this point, what's the use in buying it though.
I don't think so - Twitter will collapse from the wave of law suits from advertisers once the # of bots is revealed
If he pulls out of the deal, I believe he loses over $1 billion, so that doesn't seem likely.
He mentions this shortly after the 1:57 timestamp.
https://youtu.be/yDfqwTBHah8?t=117
Not talking about making a profit.
As far as I understand, he will have to PAY over $1 billion in penalties if he pulls out of the deal at this point.
Not if he backs out because of fraud - his offer is based on reported users, but the misreported bot counts (and using a sample size of only 100 and trying to pass it off as large enough) will invalidate it entirely, if it's proven that there is more than 5% of users as bots (there is definitely more than 5% bots)
Yeah, that sample size and published bot rate must be from phi-zer study playbook, carefully pre-crafted and manufactured.
Not if they falsely represent the product (fraud.)
I believe he is. How many fake/bot accounts on Twitter? What if that number is in excess of 25 million? What if Musk says: "Okay, let's re-negotiate the deal!" and then lowers the offer by several billion $$ because Twitter is poisoned with deceptive practices.
I believe that is what we will see. No one else will want Twitter when the truth is exposed.
No. He is exposing the fraud that will lead to billions in lawsuits. Twitter will crash and be sold on auction, effectively, for pennies on the dollar.
Musk may be destroying Twitter.