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May 13, 2022 - 5:29:26 PM
35248 posts since 3/5/2008

Pending bot investigation...?

Boy ...more twists n turns than ah snake to this story....

We live in interesting times...

May 13, 2022 - 8:52:46 PM
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Bill Rogers (Moderator)

USA

25908 posts since 6/25/2005

And Musky ones too.

May 13, 2022 - 9:30:42 PM

Bill Rogers (Moderator)

USA

25908 posts since 6/25/2005

Don’t know about a paywall, but here’s a later report:

https://www.washingtonpost.com/technology/2022/05/13/twitter-sale-musk-bots/

May 14, 2022 - 3:56:50 AM
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figmo59

USA

35248 posts since 3/5/2008

I guess one thought is once all the fake posters on twitter are outed..

It really may not be worth that much...

Edited by - figmo59 on 05/14/2022 03:58:24

May 14, 2022 - 4:59:39 AM

banjoy

USA

10223 posts since 7/1/2006
Online Now

Elon Musk is a moron.

May 14, 2022 - 5:08:20 AM

figmo59

USA

35248 posts since 3/5/2008

Watch out Frank..!

The BHO YOUTUBE POLICE are gonna git'cha....!... ;0)

May 14, 2022 - 5:19:06 AM
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banjoy

USA

10223 posts since 7/1/2006
Online Now

Naah. I don't think so. Since Elon has already backed out of his deal to buy BHO, he's not a member here and am free to bash his dumb ass.

Remember the stock market mini-crash a few days ago? That evaporated a few billion of Elon's wealth. He never had the cash to make this deal to begin with. He's only committing $27 billion or his own cash and has to finance the rest. He offered way more per stock than it was currently trading for -- around $40 per share -- and chose the offer price of $54.20 per share because it captured "420" which potheads would "get." His move to buy Twitter has already drug down the stock value of Tesla since that mini-crash a few days ago. Tesla has already issued public announcements about the effect of this deal on its stock value, which ain't good.

It appears he's trying to wiggle out of the deal. What a moron.

May 14, 2022 - 5:51:01 AM
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banjoy

USA

10223 posts since 7/1/2006
Online Now

Remember right before this contract was agreed to it was widely reported that Twitter had refused the deal and implemented a "poison pill" ? Well, whatever happened to that? Twitter suddenly reversed course and its board of directors unanimously agreed to Elon's proposal. Unanimous. They took his deal. Why not? He offered significantly more than the stock is worth.

The 5% figure of fake accounts being discussed, has been disclosed (along with disclaimers saying that could be way off) for the last 8 years before Elon Mush ever made an offer. He could have done due diligence before his offer but he didn't. He could have asked those very questions before he entered in a contract, but he didn't. He only raised these questions after committing to buy. Ask yourself why now?

He's put up a significant portion of his Tesla stock to collateralize the financing. If Tesla stock drops too much he'll be in a position to have to sell that stock, which will piss off Tesla stock owners ... this is being followed and well reported out there in certain financial circles. Elon Mush is being squeezed right now and the worm starts to turn.

It appears to me that Elon wanted to take on a fight with Twitter after they first refused his deal, and was prepared for a fight. Instead, Twitter called his bluff and unanimously accepted his offer. He's looking for a way to bail out if he gets squeezed any more than he already is. He's just trowing up red herrings to point to. He could have done all that before he signed a contract with Twitter.

May 14, 2022 - 6:26:56 AM
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banjoy

USA

10223 posts since 7/1/2006
Online Now

One more post before I gotta get myself together to go to a jam session at a Table Rock State Park here in SC this afternoon.

I've really grown to like this Patrick Boyle guy. He explains a lot of stuff without the politics and gives plenty of material to go out there and find to confirm what he is saying.

Here is his first video a few weeks ago (April 20, you know, 4/20) where he explains how idiotic this deal was to begin with. Nothing about politics. All about morons. It's worth watching.

Anyway, all is not as it seems with this clown. Later.

May 14, 2022 - 4:03:36 PM
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1021 posts since 10/4/2018

The closest I come to reading a tweet is when the news reports something stupid that Trump tweets. And I am angry with myself that I didn't turn the news off sooner. I don't care who buys twitter, I just hope whoever does, ruins it and it disappears like MySpace, AOL, Google+ et cetera. They can take Instagram, Facebook, Vimeo, etc. with them.

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May 14, 2022 - 4:42:54 PM

Bill Rogers (Moderator)

USA

25908 posts since 6/25/2005

What this reminds us is that none of these world's richest top ten or twenty have that money available as liquid funds. Their fortunes are not like Scrooge McDuck's money bin. Because I own a house in California that was purchased in 1986, I would be a millionaire using that kind of accounting. Good for a laugh I guess. I know it's not the way of the world, but liquid assets should count for something. 

May 18, 2022 - 3:43:34 AM

figmo59

USA

35248 posts since 3/5/2008

The plot thickins...

I find these kind of things interesting to watch..
As in most cases..
There is more to see n look at..under the surface..

May 18, 2022 - 7:14:47 AM

10923 posts since 8/22/2006

I wonder how much you can make from Twitter running a few BOT accounts? Asking for a friend. Excuse me I have to reply to myself on my other hangout account.wink

May 18, 2022 - 4:37:12 PM
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banjoy

USA

10223 posts since 7/1/2006
Online Now

Hoo boy, Elon Musk was hankering for a fight with Twitter before his offer, so he's fighting with them after his offer. He's an adolescent in the body of an adult. If you've kept up with this guy over the years it's hard to not see his impulsiveness and immaturity which has expressed itself many times -- almost always over Twitter. I could give examples, there are plenty of them, but whatever. But hey, he's a billionaire. He can do whatever he wants.

If it's true what he says -- that the bot sample size is really only 100 accounts -- then for sure, I agree that's a real problem for Twitter. But Musk has been violating the terms of his purchase agreement since he signed it, you know, as a teen full of angst would. I think he's just having his fun which is fine, let him have at it.

I've read stuff all about this topic, both left and right, and wow, it's like two different worlds out there, but I really didn't expect any better. For a guy like this, this is just fun for him, his way of entertaining himself. Only yesterday a YouTube video was pushed to me by YouTube, a new video posted yesterday, how Elon has secured the private funding of 19 billionaires and how secret this all was and was presented as though this video channel was sharing some new, secret information. Problem was, it all rang very familiar to me and sure enough, 5 seconds of googling reminded me that everything in that video had been widely and openly reported by the MSM back on May 5-6. Nothing new. But to those following that YouTube channel, it was all brand new news and the comment echo chamber had folks patting themselves on the back and thanking that YouTuber for filling them in on this great new turn of events. I mean, seriously. Like, wow! Hard to make that stuff up. I posted a comment to the video pointing out it was old news, and after sleeping on it overnight, decided to delete my comment. Let these folks believe whatever they want. Who am I after all? A nobody.

The day the purchase agreement was announced Twitter stock fell about 1.5%. You would think an offer to buy it for way more that it is worth would rally a buying spree of the stock, but the opposite happened. From what I can gather, folks with real money to invest are not taking this too seriously and are staying away. No one seems to believe he was serious to begin with ... or the stock market would have reflected that.

Since his shenanigans began Twitter stock has continued to drop. Last I looked it had dropped to around $35 or so. Seems like this was his intent from the beginning. What he didn't anticipate was a dip in the stock market which now has eaten $300 billion away at the value of Tesla as a company, and he was relying on that to help finance his deal. I'll say again that to me this all appears like he's trying to wiggle out of his deal and point the blame elsewhere. I just don't think that he has thought this through fully, in my opinion, and if I were a betting man, I'd wager that this will not turn out so well for Elon Musk. Twitter has some moves too if they want to make them (I doubt they will, though) and Elon is not exempt from his own actions. But for sure, I don't think there is any doubt in my mind this will not turn out so well for Twitter, too. As far as I am concerned, let him keep doing what he is doing and if in the process he destroys Twitter, I feel he will have done the world a great service.

I guess what I find the most interesting thing above all is how those in positions of wealth and power have folks like us, you and me, who have no real wealth, power or voice, to debate the shenanigans of a 12 year old adult. It's a grand deflection from more important things in life but this is nothing new. So, for me, it's entertainment. Others may feel otherwise and I don't pretend to known where figmo stands on all this, but maybe instead of looking at where all the fingers point to, as all media seems to want, maybe time to examine the finger pointers too. I predict all this will blow up in Elon's face but hey, I just hope he takes Twitter with him when and if it does.

May 18, 2022 - 4:46:24 PM
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258 posts since 2/11/2019

What if Elon knew all along that Twitter was a house of cards? What if he never planned to buy it, but used this as a tactic to expose them for the sham that they really are? And now that he's exposed all the bots / fake accounts, of course it isn't worth the original offer price. Now the Twitter execs have major explaining to do to the shareholders, advertisers, and the SEC - major lawsuits possibly in the offing. Soon it will be worth pennies on the dollar, and you will never guess who might swoop in and pick them up on the cheap.

But I do have a very wild imagination.....

May 18, 2022 - 5:26:26 PM

figmo59

USA

35248 posts since 3/5/2008

It is interesting...

Where do I stand..?
I am a spectator..
It's like watching a movie...
LOTS of twists n turns...

N..yes DT... did create an acquisition company...

We will all see.. when it plays out...
Till then.. pass the popcorn.. ;0)

May 18, 2022 - 5:36:42 PM
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banjoy

USA

10223 posts since 7/1/2006
Online Now

... pass me some of that popcorn, figmo ... this is interesting no doubt!

Even though I may not be a big fan of Elon Musk, I do like some of what he has done. I'd love to own a Tesla, they're great cars!

If he succeeds in taking down Twitter he'll earn a notch of respect in my view LOL!!! Just seems to be to be a goofy way to do it, but hey, I don't think like a billionaire. I'm still stuck here on earth.

No matter his motivations, if he take down Twitter, I'd like to see him take on FaceBook next!

May 18, 2022 - 5:43:51 PM

258 posts since 2/11/2019

Can't say I'm just a spectator. Twitter kicked me out over two years ago for saying I wanted to buy the rest of Dale Watson's records. I'm enjoying watching them drown. Oh, and I did buy some DWAC stock back in January LOL. It's about the only stock I own that hasn't totally tanked this year.

May 19, 2022 - 6:44:05 AM

figmo59

USA

35248 posts since 3/5/2008

Bill Whittle put out some Interesting thoughts on the subject..
Look them up on Rumble if you are interested..

May 19, 2022 - 7:17:52 AM

banjoy

USA

10223 posts since 7/1/2006
Online Now

So I just looked at his Twitter feed and the first thing displayed is "Let's Go Brandon." It then goes on from there from one racist screed to another.

What is harder to find is real news about the "100" samples size for bots. It appears that Musk is putting out a lot of fake news of his own. There is no NDA that he refers to, there are no other references that I can find other than his own.

In the first video I posted above Patrick Boyle pointed out that you just can't put a deal on hold and that there had been no SEC filings to that effect as of the day he posted that video. Well, SEC filings are public so I looked. Musk FINALLY updated his SEC filing to "put the deal on hold" and the only thing he filed with SEC is his Tweet there he was putting the deal on hold. That's it. That was May 16. The very next day Twitter responded with its own SEC filing that they would proceed with the deal as agreed to in the contract. It appears that they are going to force his hand. Apparently, Musk specifically waived due diligence before signing the contract.

He can stir up all the kerfuffle he wants, but he may end up destroying the company he will be forced to buy at his ridiculous offer price. He has boxed himself in and all the public whining and complaining won't change a legal contract.

This deal is subject to Delaware law as well as SEC regulations. It may be hard for him to argue in court that he can't go through a deal where he waived due diligence, and then sought to destroy a company to get a better price.

Regrading the 100 sample size, Twitter has responded that they shut down 500,000 bot accounts per day, about 25 million accounts per month. The figure of 100 seems to come only from Musk as far as I can tell. That appears to be HIS sample size, not Twitter's, but hard to know for sure through all the smoke and mirrors going on.

Another interesting that that has popped up is there is this sub-narrative that upwards of 50% of Biden accounts are fake bots. Yet, do some scratching, and you'll find that Telsa's Twitter account was analyzed some years ago during some of his earlier shenanigans -- and long before this deal was a glimmer in his eye -- and found that around 20% of Tesla followers were bots and had all pumped Tesla stock to a point that analysis at the time were pointing out Tesla stock was trading above what made sense. That was several years ago. Only recently, the right wing blogosphere has attempted to label all that as fake while at the same time promoting the Biden bots as real. Can't have it both ways but that's what's happening right now.

If you're going to look at sources like Bill Whittle (and I did follow your suggestion and go look and read) then you may wish to counter-balance that with reporting over the last few days from Financial Times and Bloomberg News, to name a few. They are not emotionally invested in the issue and pretty much reflect what I have been saying all along. Those sources, among many, point out how this is damaging Tesla and may cause Elon headaches for many yeas to come. What bank or investor will want to partner with someone who blows up deals like this. As I said, Elon didn't think this through too much, in my opinion.

This may blow up in Elon's face and if Twitter has a spine, which they might well grow, they can force the deal down his throat anyway.

I for one would love to see this dispute go to court, where all is laid bare -- both from Twitter, and from Musk. It's hard to bulls*** in court and get away with it. This topic is rife with fake news and the only finger pointing has come from Musk. Twitter is mostly mum on the topic, I believe, not because they've been caught red-handed, but because they are saving their ammunition for when it matters. That's just my opinion for sure, but that's what I see happening. I am no fan of Elon Musk OR Twitter.

Yep. More popcorn time...

Edited by - banjoy on 05/19/2022 07:19:49

May 19, 2022 - 7:41:13 AM

figmo59

USA

35248 posts since 3/5/2008

Thanks for your input..

May 19, 2022 - 8:21:50 AM

figmo59

USA

35248 posts since 3/5/2008

The Twitter executives... posted by project Veritas seem to be clear...
Just another ..asspeck..to look at..

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