iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,033 Blog Posts

Spam Wars: Twitter Deal in Jeopardy After Musk Accuses Company of Counting BOTS as Users

Let’s not mince words here. Musk is trying to get the price to acquire Twitter way down by making these accusations about SPAM and how prevalent it might be on the Twitter platform. On that point, the valuation of Twitter almost entirely depends on active users, so if the company knowingly ignored the bots and counted them as users — they’d be guilty of fraud.

The CEO went on a long winded tirade on Twitter trying to extol the virtues of the piece of shits who work at his company.

Some headlines/statements on this matter:

So how do advertisers know what they’re getting for their money? This is fundamental to the financial health of Twitter.

MUSK ASKS RHETORICALLY, IS TWITTER POTENTIALLY 80%-90% BOTS

MUSK SAYS HIS LOWEST ESTIMATE OF TWITTER BOTS WOULD BE 20%

MUSK SAYS `NO WAY’ TO KNOW NUMBER OF BOTS ON TWITTER

MUSK STILL AWAITS `SOME SORT OF LOGICAL EXPLANATION’ FOR BOTS

Shares of Twitter have careened lower again, now below where the stock was before the Musk bid.

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4 comments

  1. jacked rabbit

    The only people above board on this whole thing has been the TWTR board, because $54.20 was a fucking gift, even in its current bloated bot form. They rightly accepted the offer for its shareholders. Biggest question now is if Elon is looking for a better deal or saving face while losing not only the $1B, but also stay in good graces from the TSLA drawdown.

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  2. Cricket

    LOL. Twitter.

    Translation of Parag Agrawal tweets:

    “If I get rid of the bots, we’ll be out of business, mkay?”

    Trump’s Truth Social is only accessible within the United States. At first I though that was a bit silly, then I realized that it keeps all the “foreigners” (ie troll farms) off the network.

    Twitter, by comparison, is wide open to this abuse; maybe deliberately so.

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    • metalleg

      Twitter will be destroyed.

      Trump playing 67DD chess using his pal Musk.

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      • bambam

        Played such 67DD chess he lost… what a winner… so good your winning when you’re losing

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