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posted ago by Blue-collar745 ago by Blue-collar745 +15 / -0

I just want to see Trump reinstated. Even if he doesn’t use it, it’ll be great.

Comments (15)
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tool 5 points ago +5 / -0

I think it's "or". We'll find out.

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TheHumanPrimer 4 points ago +4 / -0

LOL. No, he will burn it to the ground without having to buy it. What a great show!

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panamax 3 points ago +3 / -0

I think he's trying to drive down the price. The stock closed down at $40.72 (-$4.36 for the day) while Elon offered $54.20 a share, remember? He'll either get it for a much lower price or walk away from the deal (and lose $1B) which he can afford to do. If that happens, it would probably destroy Twitter for good.

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SmolPedeBestPede 1 point ago +1 / -0

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…

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panamax 1 point ago +1 / -0

If you have 80% of your money in SWAC, good for you. Why not up it to say, 90% and make more money that way?

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SOTUisFUBAR 3 points ago +3 / -0

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.

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TrumpTrainDontStop1 2 points ago +2 / -0

I don't think so - Twitter will collapse from the wave of law suits from advertisers once the # of bots is revealed

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SeriousTroll 2 points ago +2 / -0

If he pulls out of the deal, I believe he loses over $1 billion, so that doesn't seem likely.

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DireCarbon 1 point ago +1 / -0

This is not a way to sort of make money....~Elon

He mentions this shortly after the 1:57 timestamp.

https://youtu.be/yDfqwTBHah8?t=117

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SeriousTroll 1 point ago +1 / -0

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.

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ILearnedToCode 8 points ago +8 / -0

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)

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ThisShitIsHilari0us 1 point ago +1 / -0

Yeah, that sample size and published bot rate must be from phi-zer study playbook, carefully pre-crafted and manufactured.

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DireCarbon 4 points ago +4 / -0

Not if they falsely represent the product (fraud.)

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MAGASamson 2 points ago +2 / -0

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.

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Surfsup 1 point ago +1 / -0

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.

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Pollycracker 1 point ago +1 / -0

Musk may be destroying Twitter.