Re:Notice of termination of Twitter merger agreement
by paxys on Friday July 08, 2022 @06:00PM
(#32027946)
Yes but it was clear (to all outside observers, not the board apparently) that Musk never intended to pay the agreed price. He was just collecting enough material from them to justify his breach, and fake users was a smokescreen. Their response to any questions/statements about fake users should have been the equivalent of "you signed the agreement, now stick to it" not "let's work together and resolve your issues".
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Re:Notice of termination of Twitter merger agreement
by cormacrelf on Friday July 08, 2022 @06:09PM
(#32028095)
So? What does twitter care whether he intended to do it? He agreed to! And they can still force him to do it. So even if he drags out the litigation, they still have a strong position to negotiate a settlement for somewhere between 1 and 40 billion. Free money for his stupidity.
Re:Notice of termination of Twitter merger agreement
by elliekelly on Friday July 08, 2022 @06:35PM
(#32028522)
I’m not terribly familiar with the specifics of the deal but IIRC there’s a penalty clause that’s dependent on who, ultimately, backs out of the deal. It seems like Musk is angling to get Twitter to pull out and Twitter is doing everything they can to engage with Musk’s requests in “good faith” so he can’t claim Twitter has constructively backed out— a bit of M&A malicious compliance/a game of chicken, I believe.
Re:Notice of termination of Twitter merger agreement
by soneca on Friday July 08, 2022 @07:11PM
(#32029058)
They said “let’s work together “ precisely to be able to sue and increase their chances of win for acting in good faith.
Re:Notice of termination of Twitter merger agreement
by philosopher1234 on Friday July 08, 2022 @06:15PM
(#32028220)
That’s not how i remember the last HN discussion on this
Re:Notice of termination of Twitter merger agreement
by redeeman on Friday July 08, 2022 @08:02PM
(#32029714)
are you saying it is 100% impossible that there really is way more than 5% of daily active users being bots? unless you have some information here, it seems like a fairly big claim to make? if elon musk thinks 20% is bots, that is a very different thing than <=5%, would you not agree?
Re:Notice of termination of Twitter merger agreement
by pclmulqdq on Friday July 08, 2022 @09:48PM
(#32030515)
Everyone talking about this claim drops the important word. Less than 5% of _monetizable_ daily active users are bots. A non-monetizable user can exist and many do: people with ad blockers, people using third party Twitter clients, and people using APIs to interact with Twitter. Bot accounts are very likely to not be counted as monetizable daily active uers.
Re:Notice of termination of Twitter merger agreement
by redeeman on Saturday July 09, 2022 @09:55AM
(#32035111)
wouldnt a bot user by definition not be monetizable? I dont think this is what it is about at all, it makes no sense? They public a count of daily active users, this includes bots. The amount of those daily active users is very important