Musk seek info from Twitter on accounts

 Washington Examiner:

Elon Musk has revealed his $44 billion takeover of Twitter 'should proceed', if a key condition is met by the social media giant.

“If Twitter simply provides their method of sampling 100 accounts and how they’re confirmed to be real, the deal should proceed on original terms,” Musk tweeted in the early hours of Saturday morning. “However, if it turns out that their SEC filings are materially false, then it should not.”

The tweet came after Musk accused Twitter of fraud in the countersuit released amid his legal battle with the social media company over his terminated acquisition of the platform.

...

"Twitter's own disclosures to the Musk parties show that although Twitter touts having 238 million' monetizable daily active users,' those users who actually see ads (and thus, would reasonably be considered 'monetizable') is about 65 million lower than what Twitter represents," Musk's legal team argued in the court filing.

Musk argued that many of the platform's monetizable users don't add to the company's success due to them not being shown ads. "In fact, the majority of ads are served to less than 16 million users — a mere fraction of the 238 million," he said.

...

This sounds like a reasonable request.  If I were arbitrating this dispute I would wonder why Twitter did not comply with the request. 

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more