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> Should corporations which deliberately lie to investors be immediately trusted again, especially on the same topic they got caught lying about previously? Fo
by ryanbrunner 4y ago
> Should corporations which deliberately lie to investors be immediately trusted again, especially on the same topic they got caught lying about previously?
For lies known previously to Musk's offer, he had every opportunity to decide whether to trust Twitter or not, and he chose to by waiving due diligence.
If there's an allegation of an additional lie that's material to the deal, Musk hasn't provided evidence of that here.
- 0xy 4y ago>If there's an allegation of an additional lie that's material to the deal, Musk hasn't provided evidence of that here. Did you read the filing? He provided evidence of them violating their obligations under the agreement (refusing to provide adequate access to data to independently verify claims made about user engagement). Twitter agreed to these terms. Read the original agreement to see for yourself. >he had every opportunity to decide whether to trust Twitter or not How does that mean fraud is okay? If Twitter lied again, it would be a clear contract violation. You can't just lie about critical company metrics to acquirers, due diligence or not. It's fraud AND a contract violation. Given we're talking about a disreputable company with a history of lying, I'm not inclined to believe them and I don't know why you immediately believe their claims. Perhaps you can enlighten me as to why you think they deserve trust in this matter.