Twitter says Musk’s spam analysis used tool that called his own account a bot

Post by refurb » Sat, Aug 06, 2022, 4:28 AM UTC

phailhaus wrote: post #78

nomel wrote: post #14

Earlier quoted context omitted.

> I still can't get over the banana-pants insanity of the first count As someone who's unfamiliar with this, could you explain what's banana-pants insane about a company inflating their hard-to-discover numbers, for profit? I thought that was, unfortunately, banana-pants standard? For example, the fiction that is Twitter or Reddit's user count.

It's insane because Twitter has been very careful to explain that the 5% number is not some sort of "promise". > Additionally, our calculation of mDAU is not based on any standardized industry methodology and is not necessarily calculated in the same manner or comparable to similarly titled measures presented by other companies. Similarly, our measures of mDAU growth and engagement may differ from estimates published…

Post by hn_throwaway_99 » Sat, Aug 06, 2022, 4:52 AM UTC

SilverBirch wrote: post #307

hn_throwaway_99 wrote: post #285

I really can't see any other outcome besides Musk getting his ass handed to him by the Delaware Court of Chancery. It's always important to look at incentives and motivations when trying to read the tea leaves, and if you look at Delaware's incentives, it's very clear. The whole reason everyone incorporates in Delaware is because they have centuries of handling business cases and have built out a clear set of rules a…

Actually I have to take you up on this, people who run large corporations say that it's the strong legal regime they have. In reality, it's a tax shelter. The only question is "How much does Delaware care about their status as a real legal regime vs their actual purpose: a tax haven". They know it's difficult to defend "We're a tax shelter sucking revenue out of the rest of the union", so they argue "We have strong l…

Post by foobiekr » Sat, Aug 06, 2022, 4:54 AM UTC

lefrenchy wrote: post #378

jcranmer wrote: post #8

I 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…

> 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. LOL, their SEC filings basically say “these are our numbers but they’re highly subjective and could be way off”. Musk is either a liar or an idiot.

Post by hackerlight » Sat, Aug 06, 2022, 5:01 AM UTC

Post by justapassenger » Sat, Aug 06, 2022, 5:06 AM UTC

winternett wrote: post #444

throwawaycities wrote: post #340

Earlier quoted context omitted.

It’s almost as if Musk used a smoke screen to sell $8.5B in Tesla stock before the crash while redirecting attention to Twitter so as to not raise suspicion about selling his own stock…and then instead of going through with the deal he allegedly sold his Tesla stock to complete, he wants to back-out without paying the $1B penalty. But that can’t be it and what really happened, Musk is buying Twitter for us and restor…

It sounds like a diabolical idea, but why would someone risk that much money on something that is pretty much guaranteed to get tied up in long-term and very public litigation? There's no way to simply back out of a very public offer for a major social app without litigation that costs time out of your life (which is in that case more of a painful thing than losing the money). Paying capital gains (after huge deducti…