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This is /exactly/ why Mr. Musk has required the board to prove their math. The valuation the board has reached, for Twitter shares, is predicated upon human us

This is /exactly/ why Mr. Musk has required the board to prove their math. The valuation the board has reached, for Twitter shares, is predicated upon human users on their system and not spam accounts. Twitter's valuation of its stock is way-overblown if there are 20% bot accounts on their platform. Go Elon!

colinmhayes 4y ago
Elon hasn’t required the board to do anything. He signed an agreement to purchase the company with no due diligence or backout clauses. If he tries to get out now he’ll see Twitter in court.
- lmeyerov 4y ago
  If they lied on SEC filings about this, he bought something not as advertised, so I'm not so sure...
  - encryptluks2 4y ago
    Have you even read the SEC filings cause if you had you probably wouldn't be parroting that?
    - lmeyerov 4y ago
      I thought the SEC filings both have a number and a risk of being wrong? Re:parroting, while that seems to have been a pejorative, I wasn't actually copying from anywhere, just a smb executive sensitive to this sort of thing during m&a as standard business discussions, so it's interesting that it's being repeated enough to accuse people here of 'parrot'ing!
      - encryptluks2 4y ago
        There is no hard number. It mentions that they are just an estimate and could be off. They are labeled as MAUs, so that gives a lot of leniency depending on how "active" they are. It doesn't define bots either. The SEC filings thing has been repeated even by Musk himself. It doesn't really help him.
deleted 4y ago
[deleted]
datalopers 4y ago
Holy revisionist history. The “valuation” is $54.20 per share because Elon is a child and thought he was being clever when he made that offer. Twitter simply accepted it. Is it way above fair market value (especially in the time between his offer and today)? Absolutely.
ironlake 4y ago
>The valuation the board has reached, for Twitter shares Absolutely! When the board demanded that Musk pay $54.20 per share – which is a completely rational number that they demanded from Musk and not a meme number that he made up himself – they underestimated his ability to do Math, and he's about to show them what's what. One of the core duties of a Board of Directors for a publicly traded company is to arrive at a valuation of the stock each morning before the markets open. It's a shame that this board is either incompetent or corrupt and came up with the number $54.20 based on bot accounts. Musk is having his people do a complete audit of 100 random followers of the @Twitter account to find the true number. I expect the terms of this deal to change significantly in Musk's favor. It's too bad that this distracts him from shipping the Cyber Truck, going to Mars, and then building a 1.6km tunnel under Las Vegas (a feat which has never before been achieved). Praying for a quick resolution so we can finally get some Free Speech on the Twitter platform.

colinmhayes 4y ago

Elon hasn’t required the board to do anything. He signed an agreement to purchase the company with no due diligence or backout clauses. If he tries to get out now he’ll see Twitter in court.

lmeyerov 4y ago
If they lied on SEC filings about this, he bought something not as advertised, so I'm not so sure...
- encryptluks2 4y ago
  Have you even read the SEC filings cause if you had you probably wouldn't be parroting that?
  - lmeyerov 4y ago
    I thought the SEC filings both have a number and a risk of being wrong? Re:parroting, while that seems to have been a pejorative, I wasn't actually copying from anywhere, just a smb executive sensitive to this sort of thing during m&a as standard business discussions, so it's interesting that it's being repeated enough to accuse people here of 'parrot'ing!
    - encryptluks2 4y ago
      There is no hard number. It mentions that they are just an estimate and could be off. They are labeled as MAUs, so that gives a lot of leniency depending on how "active" they are. It doesn't define bots either. The SEC filings thing has been repeated even by Musk himself. It doesn't really help him.

deleted 4y ago

[deleted]

datalopers 4y ago

Holy revisionist history. The “valuation” is $54.20 per share because Elon is a child and thought he was being clever when he made that offer. Twitter simply accepted it. Is it way above fair market value (especially in the time between his offer and today)? Absolutely.

ironlake 4y ago

>The valuation the board has reached, for Twitter shares Absolutely! When the board demanded that Musk pay $54.20 per share – which is a completely rational number that they demanded from Musk and not a meme number that he made up himself – they underestimated his ability to do Math, and he's about to show them what's what. One of the core duties of a Board of Directors for a publicly traded company is to arrive at a valuation of the stock each morning before the markets open. It's a shame that this board is either incompetent or corrupt and came up with the number $54.20 based on bot accounts. Musk is having his people do a complete audit of 100 random followers of the @Twitter account to find the true number. I expect the terms of this deal to change significantly in Musk's favor. It's too bad that this distracts him from shipping the Cyber Truck, going to Mars, and then building a 1.6km tunnel under Las Vegas (a feat which has never before been achieved). Praying for a quick resolution so we can finally get some Free Speech on the Twitter platform.