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>Was he complaining about bots before he signed? Genuinely can't remember. I can't google it for you, so from my memory , he complained that he was tricked by

>Was he complaining about bots before he signed? Genuinely can't remember. I can't google it for you, so from my memory , he complained that he was tricked by Twitter because a large number of users are bots , and then he promised that he will fix this issue after he get's the control. Probably bots and trolls are good for business since other social media like reddit are also making super easy to create tons of bot/troll accounts and spam the network.

XorNot 2y ago
Also remember: he wasn't tricked by anyone. He signed the world's most iron-clad corporate acquisition contract you could for a price far above market rate right before the tech crash, and waived every single right to due-diligence which normal investors include, specifically for things like "oh what if the financials/users aren't what they seem?" or "what if the stock price substantially changes". It was an utterly ludicrous agreement to sign (though far eclipsed by the the number of financial institutions which agreed to put up the money for it and are basically never going to get it back - though a bunch of the managers and executives losing their bonuses for it is kind of funny).
JumpCrisscross 2y ago
> he complained that he was tricked by Twitter because a large number of users are bots , and then he promised that he will fix this issue after he get's the control How making a noise about it after the price is agreed be “an attempt to get a discount”? If anything, it was an attempt to get out of the deal. (And if I remember correctly, the argument failed because he had been complaining about bots prior to signing. Either way, has nothing to do with discounts.)
- zerocrates 2y ago
  Well, during that time he was trying to pull out of the deal, when he was citing the bots as an argument of why he should be able to, he was using that as leverage to try to get Twitter to agree to give him a discount: the idea being "I might be able to get out of this deal completely, but let me buy at a 20-30% discount instead and I'll go quietly." So it was kind of both an attempt to get out and an attempt to get a discount. The bot stuff was pretty transparently not a good faith argument from Musk; the real issue likely being more that the markets had gone down since the offer and what was already an overpay on day 1 was now a big overpay. The same dynamic made Twitter determined to keep the original offer: shareholders had basically demanded to take the offer to begin with, and with the down market (not to mention Musk himself publicly running the company down during his efforts to escape the deal) it was just that much more of a better deal than they could otherwise hope to get.
- simion314 2y ago
  As I said, it was from my memory, so do you think Elon wants more or less bots now?

XorNot 2y ago

Also remember: he wasn't tricked by anyone. He signed the world's most iron-clad corporate acquisition contract you could for a price far above market rate right before the tech crash, and waived every single right to due-diligence which normal investors include, specifically for things like "oh what if the financials/users aren't what they seem?" or "what if the stock price substantially changes". It was an utterly ludicrous agreement to sign (though far eclipsed by the the number of financial institutions which agreed to put up the money for it and are basically never going to get it back - though a bunch of the managers and executives losing their bonuses for it is kind of funny).

JumpCrisscross 2y ago

> he complained that he was tricked by Twitter because a large number of users are bots , and then he promised that he will fix this issue after he get's the control How making a noise about it after the price is agreed be “an attempt to get a discount”? If anything, it was an attempt to get out of the deal. (And if I remember correctly, the argument failed because he had been complaining about bots prior to signing. Either way, has nothing to do with discounts.)

zerocrates 2y ago
Well, during that time he was trying to pull out of the deal, when he was citing the bots as an argument of why he should be able to, he was using that as leverage to try to get Twitter to agree to give him a discount: the idea being "I might be able to get out of this deal completely, but let me buy at a 20-30% discount instead and I'll go quietly." So it was kind of both an attempt to get out and an attempt to get a discount. The bot stuff was pretty transparently not a good faith argument from Musk; the real issue likely being more that the markets had gone down since the offer and what was already an overpay on day 1 was now a big overpay. The same dynamic made Twitter determined to keep the original offer: shareholders had basically demanded to take the offer to begin with, and with the down market (not to mention Musk himself publicly running the company down during his efforts to escape the deal) it was just that much more of a better deal than they could otherwise hope to get.
simion314 2y ago
As I said, it was from my memory, so do you think Elon wants more or less bots now?