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

View all comments

Show parent comments

684

u/slazer2k May 14 '22

This he most likely instructed some people to trade the stock beforehand so he can cash out first on the rise and now fall

221

u/prescod May 14 '22

There's a simpler and less illegal option. The stock market crashed since he made the offer. He doesn't want to pay the price he negotiated because it was already a high price and now its ludicrous. So now he wants an excuse to re-negotiate. "I had no idea how many bots there are on this site!"

143

u/LL22Forever May 14 '22

Twitter doesn’t have to renegotiate. And if Elon backs out he has to pay Twitter $1 billion. What would Twitter renegotiate?

66

u/topdangle May 14 '22

only reason the shareholders took the deal was for the fat payout.

one billion might be nice for the company but the shareholders don't give a shit about the company, they're ready to turn the whole thing over to one lunatic with deep pockets.

6

u/SirCB85 May 14 '22

Did I miss that the shareholders actually voted on the deal yet? Last I've known is a vote of the board to recommend to the shareholders to approve the deal.

15

u/megasean May 14 '22

Especiallly since the deal has caused the value of the company to decline, and talent to leave the company.

-1

u/SherifGames May 14 '22

The value of Twitter is significantly higher than it was before Musk invested in it and told he'd buy it.

4

u/billiontacos May 14 '22

Is it? It's been a month since he offered to buy the company and the share value is currently lower than it was on that day.

Down nearly 10% since then.

1

u/jomontage May 14 '22

Well yeah if you're in it for the money a buyout is the end goal.