Twitter says Musk’s spam analysis used tool that called his own account a bot
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Re: Twitter says Musk’s spam analysis used tool that called his own account a bot
#2Already preparing some popcorn. This will be fun to watch.
Re: Twitter says Musk’s spam analysis used tool that called his own account a bot
#3If it turns out that it is a bot though, it'd support Elon Musk's argument that we need to be afraid of AI.
Re: Twitter says Musk’s spam analysis used tool that called his own account a bot
#4Already preparing some popcorn. This will be fun to watch.
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Re: Twitter says Musk’s spam analysis used tool that called his own account a bot
#5plot twist: the spam analysis tool is correct, and Elon is actually a robot, ala Stephen Byerley in Asimov's "Evidence".
Re: Twitter says Musk’s spam analysis used tool that called his own account a bot
#6Musk seems like a smart guy who got overconfident and out of his area of expertise and made a series of incredibly stupid decisions. Pretty much every legal and financial professional without a vested Musk related interest seems to think similarly. Matt Levine has been lights out on this topic. Everyone knows his bot claims are just FUD to try and weasel out of writing a check he no longer has the guts to cash with current valuations.
Prediction: They settle for a couple billion OR Musk buys them at a slight discount to the currently agreed price. Maybe $49.69 because he is a clown?
Twitter replies to counter claims: https://s22.q4cdn.com/826641620/files/doc_news/2022/08/Twitt...
Re: Twitter says Musk’s spam analysis used tool that called his own account a bot
#7> "To the contrary, Musk forwent all due diligence—giving Twitter twenty-four hours to accept his take-it-or-leave-it offer before he would present it directly to Twitter's stockholders," Twitter wrote.
Bot/spam account analysis is just trying to do PR spin. Musk has no legal standing to use any of that to back out of the merger.
> The five-day trial is now scheduled to begin on October 17
So we will see about 2 more months of PR campaigns from Musk and Twitter about the case.
Re: Twitter says Musk’s spam analysis used tool that called his own account a bot
#8I think Musk's counterclaims are more interesting than Twitter's response. Here's the summary of the five counterclaims:
* Twitter committed fraud by lying to the SEC about the mDAU numbers with the intent of inducing Musk to buy Twitter at an inflated price. No, really, this is the allegation (see paragraphs 202-206).
* Count 2 is that Twitter committed [Texas fraud statute] by lying when it offered its shares. It's shotgun-pled, so I don't know which specific statements are supposed to be wrong, but I'm imagining it's basically the previous count recast under a different statute.
* Count 3 says that Twitter broke the contract by failing to provide information.
* Count 4 says that Twitter broke the contract by instituting a hiring freeze. [not gonna fly, especially when Musk admitted that Twitter gave him warning of what it was doing and Musk didn't respond. Did I mention that Musk's answer admits far more than I would have expected?]
* Count 5 is pretty please declare that Twitter lying about mDAUs is a materially adverse event that is cause to break the contract.
I still can't get over the banana-pants insanity of the first count... arguing that Twitter lied about its numbers for years specifically so that someone would buy it at an inflated price?
Re: Twitter says Musk’s spam analysis used tool that called his own account a bot
#9Musk seems like a smart guy who got overconfident and out of his area of expertise and made a series of incredibly stupid decisions. Pretty much every legal and financial professional without a vested Musk related interest seems to think similarly. Matt Levine has been lights out on this topic. Everyone knows his bot claims are just FUD to try and weasel out of writing a check he no longer has the guts to cash with c…
Do you mean he only recently got overconfident? Just a reminder that he already got fined $40 million for his "going private at 420" joke.
Re: Twitter says Musk’s spam analysis used tool that called his own account a bot
#10> "To the contrary, Musk forwent all due diligence—giving Twitter twenty-four hours to accept his take-it-or-leave-it offer before he would present it directly to Twitter's stockholders," Twitter wrote. Bot/spam account analysis is just trying to do PR spin. Musk has no legal standing to use any of that to back out of the merger. > The five-day trial is now scheduled to begin on October 17 So we will see about 2 more…
> Musk has no legal standing to use any of that to back out of the merger.
The claim is that Twitters SEC filings had bots at ~5%, and Musk made the investment based on that. From the leaked recordings of staff, everyone knew that the percentage was much higher.