Surprising exactly no one, Musk tries to use the spam account red herring as an excuse to back out of the deal. This is almost certainly a losing argument, but may be an attempt to bully Twitter down on the price.
“In a regulatory filing <https://www.sec.gov/Archives/edgar/data/1418091/000110465922078413/tm2220599d1_ex99-p.htm> prepared by his lawyers, Mr. Musk said he was terminating the Twitter deal because of a continuing disagreement over the number of spam accounts on the platform. He claimed that Twitter had not provided information necessary to calculate the number of those accounts — which the company has said is lower than 5 percent — and that it had appeared to make inaccurate statements. “Twitter is in material breach of multiple provisions” of the deal agreement, Mr. Musk’s lawyers said in the filing, and the company “appears to have made false and misleading representations.” https://www.nytimes.com/2022/07/08/technology/elon-musk-twitter.html?referringSource=articleShare https://www.nytimes.com/2022/07/08/technology/elon-musk-twitter.html?smid=nytcore-ios-share On Wed, 8 Jun 2022 at 4:03 PM Kevin M. <[email protected]> wrote: > Nothing has held up the sale, and to claim otherwise is to bolster Elon > Musk, who does not need bolstering. I doubt the existence of internal > evidence on spambots and fake accounts beyond what is already shared, for > the very reason that Twitter would never want to be in a position to have > to disclose it to anyone. Of course their count of active users is > inaccurate, just as the counts of Facebook and Snapchat and every other > social network are inaccurate. But that inaccuracy does not give Musk the > right to back out of the sale, at least not without forking over a > billion dollars first. > > On Wed, Jun 8, 2022 at 3:54 PM 'Bob Jersey' via TVorNotTV < > [email protected]> wrote: > >> The thing that's held up the acquisition, Musk's ability to study >> internal data on spambots and fake accounts, was finally granted today >> (June 8th) after John Solak, who holds five shares of TWTR, sued in >> Delaware to get the info released... >> >> >> https://www.hollywoodreporter.com/business/business-news/twitter-to-comply-with-elon-musks-demand-for-data-on-fake-accounts-1235161453/ >> (link, >> tho the WaPo broke the story) B >> >> M-D November, to Kevin M and Doug Eastick, April 14th: >> >>> And now, of course, this is happening. >>> >>> https://deadline.com/2022/04/elon-musk-offers-41-4bn-to-buy-twitter-1235002295/ >>> >>>> -- >> You received this message because you are subscribed to the Google Groups >> "TVorNotTV" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to [email protected]. >> To view this discussion on the web visit >> https://groups.google.com/d/msgid/tvornottv/ec0bfa4a-b93e-4fb9-8ad6-35cc59c6f4f3n%40googlegroups.com >> <https://groups.google.com/d/msgid/tvornottv/ec0bfa4a-b93e-4fb9-8ad6-35cc59c6f4f3n%40googlegroups.com?utm_medium=email&utm_source=footer> >> . >> > -- > Kevin M. (RPCV) > > -- > You received this message because you are subscribed to the Google Groups > "TVorNotTV" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/tvornottv/CAKgmY4D044bwD_DaSUcWTqRNWDN%3DKVjeGRF%2B9q0zTTL55QAU0Q%40mail.gmail.com > <https://groups.google.com/d/msgid/tvornottv/CAKgmY4D044bwD_DaSUcWTqRNWDN%3DKVjeGRF%2B9q0zTTL55QAU0Q%40mail.gmail.com?utm_medium=email&utm_source=footer> > . > -- Sent from Gmail Mobile -- You received this message because you are subscribed to the Google Groups "TVorNotTV" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/tvornottv/CAKGtkYJgp5qQT83nPoz%3DcpqSa-7qFbOWZsfY5q5TUU%3D5m3Smyg%40mail.gmail.com.
