Elon Musk Launches $43 Billion Hostile Takeover of Twitter

RonSwanson

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Its interesting to note that our homegrown AI master hasn't submitted any evidence that bots account for more than 5% of twitter activity...its all just Musk's feelings at this point.

It's going to be interesting to see him explaining his reasoning to the court as to why he didn't attempt this analysis before signing the OTP

"Although Twitter has not yet provided complete information to Mr. Musk that would enable him to do a complete and comprehensive review of spam and fake accounts on Twitter’s platform, he has been able to partially and preliminarily analyze the accuracy of Twitter’s disclosure regarding its mDAU. While this analysis remains ongoing, all indications suggest that several of Twitter’s public disclosures regarding its mDAUs are either false or materially misleading. First, although Twitter has consistently represented in securities filings that “fewer than 5%” of its mDAU are false or spam accounts, based on the information provided by Twitter to date, it appears that Twitter is dramatically understating the proportion of spam and false accounts represented in its mDAU count. Preliminary analysis by Mr. Musk’s advisors of the information provided by Twitter to date causes Mr. Musk to strongly believe that the proportion of false and spam accounts included in the reported mDAU count is wildly higher than 5%."
Irrelevant (in court), and that's why Musk's lawyers are not focusing on the bots, but rather on the fact that the Twitter board have not fulfilled their contractual obligations to provide him with that which they agreed to.
 

RonSwanson

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As for the hostilities I'm still trying to find the basis for this argument? The "poison pill" is pretty much standard. In fact Musk has his own termination clause which Twitter is liable for - I guess that's irrelevant to you since it's super hostile?!
You appear to be the only person who understands it that way. The reciprocal agreement that each party pay the other 1 billion dollars is not the "poison pill".
 

RonSwanson

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Musk has no evidence to support that advertisers are being fleeced neither are advertisers claiming they are being fleeced . You're attributing far too much weight to this. Audience metrics have never been precise and vary by methodology and platforms to a great extent. Advertisers focus on conversions and acquisition costs and budget accordingly based on response. That response is very rarely correlated to reach / eyeballs.
The fact that a court will struggle to understand that doesn't make it untrue.
 

quovadis

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lol, that I know :ROFL:

Fair enough, we're getting side tracked. But in the end, the automation argument, bots and falsely magnifying your views, stands. It's against Twitter's rules. Signing up you're acknowledging them. Violating them can result in action against you, most probably a banning and you playing games, new bots ... but worst case legal action if you persist. If Twitter decides to not enforce them, it opens up a vastly new terrain of action against them and claims of prejudice. Not making an effort to monitor for something acknowledged in the T&Cs makes for fun times, since you cannot deny having knowledge of the possibility if harm were to occur.

.
In simple terms for freedom of speech to be absolute and only subject to the bounds of what is lawful then any terms and conditions creating any limitation on that speech via any means (automated or other) is inconsistent with the goal of Musks proverbial town square.
 

quovadis

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The fact that a court will struggle to understand that doesn't make it untrue.
Why would a court struggle? The practice of estimation of reach or audience has been around for radio, television and print media since advertising was a revenue stream. Web is no different. A court will simply review the data along with the qualification of how it’s reached and see if it’s reasonable or not.
 

RonSwanson

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Why would a court struggle? The practice of estimation of reach or audience has been around for radio, television and print media since advertising was a revenue stream. Web is no different. A court will simply review the data along with the qualification of how it’s reached and see if it’s reasonable or not.
Let's see what happens.
 

Howdy

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In simple terms for freedom of speech to be absolute and only subject to the bounds of what is lawful then any terms and conditions creating any limitation on that speech via any means (automated or other) is inconsistent with the goal of Musks proverbial town square.
Okayyyy ...

So you want to make botnets and the resulting DoS to be acceptable in the name of free speech?
 

quovadis

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Okayyyy ...

So you want to make botnets and the resulting DoS to be acceptable in the name of free speech?
Isn’t that the point of free speech and what everyone was celebrating? No one cared about bots.
 

Gnarls

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Twitter wants to expedite the trial and get it started in September and it's rather curious that Musk is opposing the rush stating its unjustifiable. Apparently expediency is a tactic now :ROFL:

Lol, I think it’s perfectly reasonable.
 

R13...

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Mask should just pay the $1bn and get out. He no longer wants to buy and won't accept Twitter's determination of number of bots no matter what. Suppose he's going ahead with the legal defence so that he doesn't get forced to buy or made to settle higher than the escape $1bn.
 

C4Cat

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konfab

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I thought the whole point of Elon buying twitter was so he can fix it. He recognised it is broken and that it has immense potential, if he is in control and things are done right. Is he pretending now that he wasn't aware of the infestation of bot accounts? I'm pretty sure he proposed solutions to the problem even before putting in an offer to buy twitter.

The proposal musk made is based on the valuation of Twitter. The valuation of Twitter depends on the amount of users you can make money from.
Twitter is looking more and more like they were not honest about how they were doing it. Which means that the valuation isn't fair.
 

quovadis

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The proposal musk made is based on the valuation of Twitter. The valuation of Twitter depends on the amount of users you can make money from.
Twitter is looking more and more like they were not honest about how they were doing it. Which means that the valuation isn't fair.
I doubt an overstatement of less than 1% based on an estimated metric qualified as such is a material difference in valuation considering it has no impact on Twitters financial performance or user growth.
 

C4Cat

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The proposal musk made is based on the valuation of Twitter. The valuation of Twitter depends on the amount of users you can make money from.
Twitter is looking more and more like they were not honest about how they were doing it. Which means that the valuation isn't fair.
He also explicitly insisted that he was not interested in making money from Twitter and wanted to buy it for idealistic reasons like free speech. His words, I believe, were something about how “having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilisation'
 

Howdy

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I thought the whole point of Elon buying twitter was so he can fix it. He recognised it is broken and that it has immense potential, if he is in control and things are done right. Is he pretending now that he wasn't aware of the infestation of bot accounts? I'm pretty sure he proposed solutions to the problem even before putting in an offer to buy twitter.
Scenarios to fix Twitter:

a) Buy Twitter
Budget - piles of billions + later costs. High risk ...

or

b) Pretend to want to buy Twitter
Budget 1.2billion
Expose Twitter, checks etc.
0.2billion = potential legal fees, using it to further expose. Potential 1billion savings.
Pure profit!

/ 100% tongue in cheek
 
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