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"Twitter also ties mDAU goals to executive compensation. In 2020 Twitter based its executives’ cash bonus pool on revenue, operating income, and adjusted EBITDA

"Twitter also ties mDAU goals to executive compensation. In 2020 Twitter based its executives’ cash bonus pool on revenue, operating income, and adjusted EBITDA. After Twitter missed those targets in 2020, and only 32% of the cash bonus pool was funded, Twitter determined that mDAU (a highly manipulable number) should be considered in determining whether executives received these bonuses. Following that change, in 2021, 100% of this executive bonus pool was funded. And since Twitter’s adoption of mDAU over MAU, it has reported ten straight quarters of “growth” despite stagnant financial results" There is also this claim. Not sure why we should Twitter executives benefit of the doubt when they literally tweak metrics to get more money for themselves.

nojito 4y ago
None of that matters when he waived due diligence. Again all of that information is public knowledge through twitter's SEC filings.
- hartator 4y ago
  > None of that matters when he waived due diligence. Musk didn't though: “Despite public speculation on this point, Mr. Musk did not waive his right to review Twitter’s data and information simply because he chose not to seek this data and information before entering into the Merger Agreement. In fact, he negotiated access and information rights within the Merger Agreement precisely so that he could review data and information that is important to Twitter’s business before financing and completing the transaction.” > Again all of that information is public knowledge through twitter's SEC filings. Can you point to the paragraph where Musk waive due diligence?
  - simiones 4y ago
    > Can you point to the paragraph where Musk waive due diligence? Here it is mentioned in his own legal filing [0]: > 60. Believing that due diligence processes can be costly and inefficient, the Musk Parties instead focused on bargaining for contractual representations that the information they relied upon in deciding to acquire Twitter is accurate. Also, by definition, due diligence is something that happens before signing a contract. [0] https://cdn.arstechnica.net/wp-content/uploads/2022/08/musk-counterclaim.pdf https://cdn.arstechnica.net/wp-content/uploads/2022/08/musk-...
  - brandonagr2 4y ago
    Twitter replied seeming to say the clause was to provide information only for the purpose of consummating the deal, information that would cause the deal to fall apart by outing their fraud wouldn't be covered by the clause as something they have to hand over.
deleted 4y ago
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nojito 4y ago

None of that matters when he waived due diligence. Again all of that information is public knowledge through twitter's SEC filings.

hartator 4y ago
> None of that matters when he waived due diligence. Musk didn't though: “Despite public speculation on this point, Mr. Musk did not waive his right to review Twitter’s data and information simply because he chose not to seek this data and information before entering into the Merger Agreement. In fact, he negotiated access and information rights within the Merger Agreement precisely so that he could review data and information that is important to Twitter’s business before financing and completing the transaction.” > Again all of that information is public knowledge through twitter's SEC filings. Can you point to the paragraph where Musk waive due diligence?
- simiones 4y ago
  > Can you point to the paragraph where Musk waive due diligence? Here it is mentioned in his own legal filing [0]: > 60. Believing that due diligence processes can be costly and inefficient, the Musk Parties instead focused on bargaining for contractual representations that the information they relied upon in deciding to acquire Twitter is accurate. Also, by definition, due diligence is something that happens before signing a contract. [0] https://cdn.arstechnica.net/wp-content/uploads/2022/08/musk-counterclaim.pdf https://cdn.arstechnica.net/wp-content/uploads/2022/08/musk-...
- brandonagr2 4y ago
  Twitter replied seeming to say the clause was to provide information only for the purpose of consummating the deal, information that would cause the deal to fall apart by outing their fraud wouldn't be covered by the clause as something they have to hand over.

deleted 4y ago

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