On Tuesday, Twitter’s shareholders voted to approve Elon Musk’s $44 billion buyout deal that was set in motion earlier this year.
According to The Verge, sources yesterday had suggested that a vast majority of shareholders were set to approve of the bid, with the required majority being locked in before Tuesday’s meeting.
The vote comes as Musk is locked in a legal battle with the social media platform over an attempt to terminate the deal, after Musk sought data that confirmed that the number of Twitter accounts that are automated bot accounts is less than 5 percent.
Twitter sued Musk for his attempts to terminate the deal, arguing that Musk created their agreement. The trial is expected to begin in mid-October.
Clearly, if a large percentage of those on Twitter are bots, the value of the company is less than if all on Twitter were real people who might buy products from advertisers. Twitter has been scamming their advertisers and show have to reimburse them for their false advertising audience. Musk should not have to pay the full price for the company because he was let to believe there were many more users of Twitter than there really are. Do I smell FRAUD?
Hmmmm…. We knew that.
Wasn’t it Elon who changed his mind … or offer less because of the bots…
There should be NO Bot accounts, the company is a fraud. I hope Elon exposes just how phony social media really is!
Elon Musk was only doing his due diligence when he asked for information PROVING bots consisted of less than 5% of the posters. There was absolutely NOTHING improper about it. However, Twitter, (on the other hand), KNOWS the bot %age is MUCH higher than 5%, which (obviously) DECREASES THE VALUE OF IT’S STOCK, thus making the platform worth LESS. So, to ‘cover’ for the fact that they aren’t negotiating in good faith, they attempt to make Musk look like the bad guy when he pulled out of the deal. Musk never signed ANYTHING, obligating him to go through w/ the offer. He made an OFFER to buy – PERIOD.
Twitter is nothing more than a Chinese social media platform, existing ONLY for China.