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Elon Musk deal to buy Twitter in danger: report

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as buyer i want to know what i am going to get for my money.

Elon he is potential buyer and yes-he wants to know about "contents" as well...

at the end it seems that Twitter hiding something big behind or in other words-they are not transparent to potential buyer.

-4 ( +5 / -9 )

All talk, as usual. How will the Musk Internet Defense Force spin this one?

4 ( +10 / -6 )

The planet is in danger. Save Twitter!

-4 ( +1 / -5 )

dont need to spin it. Twitter needs to give him the information he needs or he walks.

they are intentionally hiding things the owner would have access to know.

$54 a share is gone, done. More like $32.

-3 ( +4 / -7 )

 Twitter needs to give him the information he needs or he walks.

According to the article:

Musk has been unable to pin down the percentage of Twitter accounts that are not genuine, despite being given access to internal data.

It would seem they have given him all the info he requested and his position is not that he isn't getting information, but rather that his concerns are not reassured by what he has been given.

4 ( +4 / -0 )

It would seem they have given him all the info he requested and his position is not that he isn't getting information, but rather that his concerns are not reassured by what he has been given.

No, it's that it's hard to nail down exactly what a bot account is, and which accounts are run by bots. Many bots are also legitimate, and their usage contributes to Twitter profits. So it's not as cut and dry as the ideologists like to try to paint it.

4 ( +5 / -1 )

I don't think Musk ever actually intended for the deal to go through, but rather to blow the lid off the corruption behind the curtains. Job done!

1 ( +4 / -3 )

as buyer i want to know what i am going to get for my money.

Its a good thing you’re not in M&A. It’s called due diligence, Einstein. And it’s done BEFORE a deal is reached.

No, Elon didn’t do it, and now has buyer’s remorse, or can’t afford to leverage his asset base to pay for it; likely both.

So now he’s going to fuss and whine and claim fraud, an act of God, whatever.

Most likely it won’t work and he will cough up his billion to walk away, Trump will remain in oblivion on his sham of an ap, and we will all be better off for it.

0 ( +2 / -2 )

NemoToday 03:51 pm JST

as buyer i want to know what i am going to get for my money.

Its a good thing you’re not in M&A. It’s called due diligence, Einstein. And it’s done BEFORE a deal is reached.

Exactly! Ask for all crucial info to determine value. I guess it's either very careless negotiation or a clumsy way to drive down the share price

1 ( +2 / -1 )

Good. Most users of the platform don't want him owning it anyways.

2 ( +3 / -1 )

Elon Musk is too busy knocking people up to worry about the number of Twitter bots, lol

https://www.yahoo.com/entertainment/elon-musk-had-twins-last-032809300.html

Elon Musk Had Twins Last Year with Exec Shivon Zilis, Just Weeks Before His & Grimes' Baby Was Born

Elon Musk and one of his top executives secretly had twins in November, according to a report Wednesday by Insider. The revelation came in court documents petitioning to have the children's last name changed to Musk.

The date of the twins’ births marks just a few weeks prior to when Musk had welcomed his second child with musician Grimes, a daughter named Exa Dark Sideræl Musk

1 ( +2 / -1 )

10, (TEN!) kids by MANY different women including a former employee. I guess it’s good to be the king. That wouldn’t fly in any other publicly traded company.

I guess we know why he didn't do his due diligence on the Twitter deal.....

0 ( +1 / -1 )

It would be very difficult to determine bot accounts as many Twitter users behave like bots. If he was given the software that Twitter use and some analysis of their parameters, he could make an educated guess (as they admit they do). But ultimately, you can alter the parameters with some legitimacy and watch the numbers go up or down.

It is generally unwise to buy any mature tech entity after the initial growth period. There are ways to develop Twitter, but you are buying a star topology system with bandwidth, storage and oversight issues, plus a user base that is used to getting everything for free. Butter to buy a distributed topology start-up. Very low bandwidth and storage costs, no oversight issues and the value will just increase.

TL;DR: More sense to buy into a start-up for peanuts and replace Twitter.

3 ( +3 / -0 )

Mr. Musk has all the information he has asked for but it strikes me that he and whomever he is retaining to examine the information are struggling to understand it. They are walking in cold with people not familiar with Twitter thinking they can discriminate legitimate accounts from bots in a matter of weeks. That might not be a realistic goal. Is an account a bot, or a legitimate user using a VPN or TOR? Are you sure? Are they trying to analyze the entire data stream or representative samples? How are they defining a "representative sample". Note, those terms are well defined in the math underlying statistics. I think I said here a few weeks back that Mr. Musk was playing games with Twitter on this bot matter and was never really serious about buying them. He shot his mouth off and rashly said he was going to buy Twitter. Once he realized he really doesn't have the means to pay his half of the deal he has been looking for a dignified way to back out. He may yet be sued by Twitter and their share holders.

1 ( +2 / -1 )

I’d buy it then pull the plug just out of spite.

0 ( +1 / -1 )

I’d buy it then pull the plug just out of spite.

Elon Musk for all his wealth has enough outstanding debt that he simply doesn't have the liquidity to pay his half of the asking price for Twitter. He has borrowed heavily against his stock options, to the point where he is bumping up against the limit of how much he can borrow against them. Corporations place limits on how much their executives can borrow against their stock options to protect the value of their stock. If he were to sell off enough of his stock to afford Twitter, the stock price would fall to the point the banks would call in his stock option loans because the value of the collateral has dropped to the point where the banks might be owned more than the value of the stock offered as collateral. He is in a bind unable to raise enough cash to foot his half of the asking price. The bot thing is a ruse he is using as an excuse to get out of an ill considered deal. He has tried badmouthing Twitter hoping their stock price would fall enough to give him leverage to lower the total price of the deal but that tactic hasn't worked either. He will be lucky to back out of the deal without being sued into oblivion. And obtw, he is losing literally billions of dollars on his new factories in Germany and Texas. Both are only producing a dribble of new Teslas due to supply chain and labor difficulties. He has publicly stated he is worried about a possible bankruptcy. The bigger they come the harder they fall.

1 ( +1 / -0 )

Apparently China has severe restrictions on how much revenue foreign firms may repatriate so even though Tesla's Shanghai factory is profitable, Mr. Musk has to leave the great majority of those profits in China.

1 ( +1 / -0 )

Elon pulls out a bit too late. Now we know why he has 10 kids (rim-shot, cymbal crash).

But seriously, this deal was shambolic from the start and calls into question, not Musk’s intelligence, but his fundamental managerial competence.

There’s something to be said for a sane hand on the till.

Tony Stark is entertaining in the movies. when your investment capital, … not so much.

1 ( +1 / -0 )

It happened just as I called it.

0 ( +0 / -0 )

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