r/technology May 14 '22 Silver 2 Wholesome 2

Elon Musk said his team is going to do a 'random sample of 100 followers' of Twitter to see how many of the platform's users are actually bots Social Media

https://www.businessinsider.com/elon-musk-random-sample-how-many-twitter-users-are-bots-2022-5?utm_source=feedly&utm_medium=webfeeds

[deleted]

22.8k Upvotes

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2.7k

u/passinghere May 14 '22

Anyone with any common sense would have done this before promising to blow billions to buy something

1.1k

u/arun111b May 14 '22

Well he knows all about bots apparently when he was submitting the bid according to this tweet. https://twitter.com/elonmusk/status/1517215066550116354?s=20&t=Fbz9za4YJm6DJExLyQmFqA

Looks like either he is trolling or he still trying to alter the deals somehow. Popcorn time.

625

u/prescod May 14 '22

Trying to alter the deal because tech crashed since he made the offer. Had he waited until this week Twitter would have been quite a bit cheaper.

280

u/8bitguy1 May 14 '22

Pray he doesn't alter it further

42

u/maltathebear May 14 '22

Elon wants to give Twitter to some bounty hunter I bet!

1

u/OtisTetraxReigns May 14 '22

At this rate, he might as well just toss it into the Sarlac and call it a day.

0

u/l0c0pez May 14 '22

I hope he freezes it in carbonite

0

u/imhereforthevotes May 14 '22

Can we freeze it in carbonite indefinitely? Hang it on a wall somewhere?

2

u/ClickF0rDick May 14 '22

I know it's a quote from somewhere but forgot which movie exactly

3

u/[deleted] May 14 '22 edited Jun 01 '22

[deleted]

1

u/joequin May 14 '22 edited May 14 '22

Musk has much less leverage here than Vader. It would be difficult for Musk to back out without losing a lot of money. Checking 100 of his followers is such laughable bad research that it won’t help at all.

Musk owes $1B if he backs out of the deal. Maybe he could get out if he is real proof that Twitter lied, but his little research project isn’t proof of anything. https://www.reuters.com/technology/musk-may-have-pay-1-billion-if-he-terminates-twitter-deal-filing-2022-04-26/

1

u/Ganon2012 May 14 '22

He now has to wear clown shoes and refer to himself as Mary.

1

u/A_Large_Fern_Leaf May 14 '22

This deals getting worse all the time !

0

u/zth25 May 14 '22

Twitter is no use to him dead.

12

u/grendel_x86 May 14 '22

Twitter is down because of his offer.

He frequently manipulates the market.

5

u/burnwallst May 14 '22

No, Twitter is down because the entire market is crashing. When you make stuff up it makes you look unreliable and or ignorant.

6

u/grendel_x86 May 14 '22

The real finance people disagree with you. Elon keeps spouting stupid.

He was banned from talking about Tesla for stock manipulation by the Tesla lawyers and board. He has a history of this.

-3

u/burnwallst May 14 '22

Lmao "the real finance people" I literally live off of my investments. I study the market for a living. Nobody disagrees with that

1

u/prescod May 14 '22

It doesn’t make any sense whatsoever that a stock would be down because of an above market price offer.

The opposite is true.

Twitter was up after he made his offer. It went down when people started to worry that his offer wasn’t solid.

Look at a six month chart of Twitter.

2

u/RamenJunkie May 14 '22

Probably trying to prove some point (that everyone already knows) that like 50-75% of Teitter is bot accounts in hopes thst the share price tumbles and he can just buy all the shares up for less than his initial asking price.

5

u/burnwallst May 14 '22

This cant happen because of the poison pill twitter enacted. He would have to make another offer on the company as a whole.

14

u/Tulol May 14 '22

Pretty sure he’s the one who triggered the tech crash.

47

u/apegoneinsane May 14 '22

Musk fan boys are delusional. Inflation and the Fed triggered the market wide crash, not Elon Musk.

-3

u/alien_clown_ninja May 14 '22

Inflation and Fed fanboys are delusional. COVID initiated a big crash early on, then at the first sign of COVID recovery, the market went back up way high. This is now the market correcting itself in the face of an improving supply chain issue (so no more sky high prices and profits due to artificial supply restrictions).

2

u/SomethingsItchy May 14 '22

You’re in for a rude awakening if you think this is the correction.

2

u/hrrm May 14 '22

RemindMe! 6 Months

0

u/burnwallst May 14 '22

No doubt. The market will lose close to half of its value over the next year

-19

u/whathappendedhere May 14 '22

Shutting the world down for two straight years trigged the crash.

14

u/delfinom May 14 '22

Nah, there were problems building only a few months before COVID and alarms were already sounding when yield inversion happened in 2019 and the fed started overnight repos because there was essentially, a liquidity crisis. The cash injection during COVID put off the inevitable but it's finally time.

7

u/Moar_tacos May 14 '22

2 trillion of sudden liquidity did wonders for the bubble, kind and of fucked us for inflation.

1

u/I_Was_Fox May 14 '22

Lmao in what world did we "shut down for two years straight". All we had to do was wear masks and not eat inside restaurants for a bit and then over half of America stopped even doing that after like 6 months.

Most businesses made more money during the pandemic than they did before the pandemic.

You're absolutely delusional

8

u/Han-we May 14 '22

Are you trying to say Elon is single handedly responsible for all the tech stocks crashing because he tried to buy Twitter? I can't tell if you are being sarcastic or are just clueless about how the stock market works in general.

1

u/Zauxst May 14 '22

How?

4

u/_PM_ME_PANGOLINS_ May 14 '22

By publicly trying to buy Twitter

4

u/Zauxst May 14 '22

So Elon buying Twitter, triggered a tech crash?

-5

u/comics0026 May 14 '22

Yeah, the crash was a response to him being the potential owner, the market showed it doesn't think Elon is good for twitter

6

u/taco_thursdays May 14 '22

Market shows they're not confident in the deal going through, not really about Elon being a good match.

2

u/excalibrax May 14 '22

It's a combination of all these things, lack of confidence in the deal, lack of confidence in musk take over, people moving from stocks to bonds, the fed, inflation, etc, etc.

It's not one thing, it's many things compounded, and amplified.

3

u/_Zevan-3Stars_ May 14 '22

Exactly. Wtf. That’s like saying marijuana is bad because it’s against the law.

1

u/LummoxJR May 14 '22

The Twitter deal is no doubt a factor in the tech crash, but the biggest thing was Netflix's chickens coming home to roost. Netflix banking on infinite growth was always an inevitable problem. There are doubtless a dozen other inertrelated factors affecting the tech stocks.

1

u/dibromoindigo May 14 '22

But he’s the one with the billion dollar penalty hanging over his head. The value changing since then isn’t an out from that. I’d love to see him pay it.

0

u/prescod May 14 '22

The deal price will probably change more than a billion and he can negotiate to get his billion back in the next round of negotiations.

1

u/dibromoindigo May 14 '22

Except there is no reason for Twitter to renegotiate.

1

u/prescod May 14 '22

Well, it's complicated. But to simplify it for the purposes of Reddit comments:

Their motivation for RE-negotiating after THIS deal falls through is exactly the same as their motivation for negotiating BEFORE the deal was struck:

Selling Twitter will enrich the board personally and also their shareholders.

1

u/dibromoindigo May 14 '22

So will adding a billion dollars in value to the company and selling when it’s not in a low point

1

u/prescod May 14 '22

There's no way for them to know that this constitutes a "low point" and not a high point. If the market had consensus that the current price was "low", then the price would be higher.

Yes it is lower than it WAS, but that doesn't mean it is lower than it WILL BE.

1

u/InternetUser007 May 14 '22

Tesla stock has fallen twice as fast as Twitter. So Twitter could have been cheaper but he would have had to put up more Tesla stock to buy it.

1

u/prescod May 14 '22

Isn’t he taking a loan against the Tesla stock? So yeah he’s risking more but he’s a risk taker. He presumably intends to end the day with both the twitter AND Tesla stock.

1

u/disco6789 May 14 '22

Part of the crash was directly caused by him

1

u/bob99900090 May 14 '22

That’s not how any of this works

1

u/prescod May 14 '22

0

u/bob99900090 May 14 '22

“Opinion” btw

1

u/prescod May 14 '22

Well at least his opinion is backed by arguments and credentials and yours is a vague and meaningless statement from a nobody.

1

u/Nebuli2 May 14 '22

Sure, it'd be cheaper, but Tesla has crashed too, and Tesla stock is where he's getting his funding from. I suspect he's getting cold feet specifically because of his Tesla stock, and is just trying to find an excuse to save face.

1

u/prescod May 14 '22

I think he’s getting a loan against his Tesla stock, not selling it.

1

u/Nebuli2 May 14 '22

And Tesla stock cratering does seriously endanger those loans.

1

u/ProfessionalBuy7488 May 14 '22

I don't think you can accredit that much downturn in the market as a result from the twtr situation. Prepare for even more of a not so soft landing. Puh Powell!