Sunday, July 10, 2022

Elon Musk and the Twitter Deal

Interesting analysis of Elon Musk's attempt to back out of the Twitter deal. The author is clearly not a Musk fan and keeps insinuating Elon was doing this as a joke of some kind. 

To me the Occam's Razor solution to this question is that yes the number of spam and bot accounts on Twitter is much higher than the less than 5% number Twitter has reported in federal filings for years. Where there's smoke there's often fire and there's a lot of smoke on this issue. One independent analysis had more than 19% of accounts being spam/bots. Another independent analysis showed half of Joe Biden's 22 million Twitter followers were fake

If you do want to go full conspiracy theory on this - how about if some of Twitter's biggest investors were also some of the people who were short selling Tesla stock? A $1 billion break-up fee would be a small price to pay to get some revenge on those folks. Twitter stock sits at $36.81 a far cry from the $54.20 Elon offered for the company.

I'm going to stick with the number of spam/bot accounts being much higher than 5% and I'm guessing Musk's team can prove that in court.

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