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More details in the Financial Times: https://www.ft.com/content/85436ff9-2c06-45be-bb4f-ac195b043d8a https://www.ft.com/content/85436ff9-2c06-45be-bb4f-ac195b04

More details in the Financial Times: https://www.ft.com/content/85436ff9-2c06-45be-bb4f-ac195b043d8a https://www.ft.com/content/85436ff9-2c06-45be-bb4f-ac195b043... Twitter stock price is down ~5% today after this. I think it’s pretty clear that Musk wants to walk from the Twitter deal because of the crash in Twitter’s stock price along with the issues he’s had finding funding for the deal. Twitter was required to provide information that will help close the deal, but claiming that Musk needs the algorithm that they use to determine if an account is spam frankly sounds like a bad excuse. Especially since countering spam bots was the reason he gave for doing a deal in the first place. By the way, Hindenburg took out a short position against Twitter early in May, and their position was that the deal no longer made sense and would only go through at a lower price. https://hindenburgresearch.com/twitter/ https://hindenburgresearch.com/twitter/

inetknght 4y ago
> claiming that Musk needs the algorithm that they use to determine if an account is spam frankly sounds like a bad excuse. Especially since countering spam bots was the reason he gave for doing a deal in the first place. Knowing the current practices to combat spam is highly relevant for improving upon it.
- ceejayoz 4y ago
  The current practice is pretty likely to be "we feed it into the ML model", isn't it?
- dangrossman 4y ago
  He doesn't own the company yet, and is making it pretty clear that he never intends to. As an outsider like you and me, he has nothing to do with improving upon Twitter spam. If he were to purchase the company, then as its owner he would have all the Twitter confidential information he wants. He doesn't get to have it now, especially after waiving due diligence on the no-longer-intended purchase.
- vehementi 4y ago
  Indeed that would have been a good thing to look up in the due diligence related parts he omitted from wanting in the contract

inetknght 4y ago

> claiming that Musk needs the algorithm that they use to determine if an account is spam frankly sounds like a bad excuse. Especially since countering spam bots was the reason he gave for doing a deal in the first place. Knowing the current practices to combat spam is highly relevant for improving upon it.

ceejayoz 4y ago
The current practice is pretty likely to be "we feed it into the ML model", isn't it?
dangrossman 4y ago
He doesn't own the company yet, and is making it pretty clear that he never intends to. As an outsider like you and me, he has nothing to do with improving upon Twitter spam. If he were to purchase the company, then as its owner he would have all the Twitter confidential information he wants. He doesn't get to have it now, especially after waiving due diligence on the no-longer-intended purchase.
vehementi 4y ago
Indeed that would have been a good thing to look up in the due diligence related parts he omitted from wanting in the contract