This isn’t how “material adverse event” works, which is the term that was written into the contract that Musk signed. Normally “is the mDAU figure correct” is

This isn’t how “material adverse event” works, which is the term that was written into the contract that Musk signed. Normally “is the mDAU figure correct” is the kind of thing you answer before you sign the merger agreement and lock in your purchase price. Also note that the baseline in SEC filings was 5% bots, so 6% is only 1pp higher. The claim was never that it was zero.