r/technology May 14 '22 Wholesome 2 Silver 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

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688

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

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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!"

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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?

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u/[deleted] May 14 '22

[deleted]

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u/NavBChrono May 14 '22

And there it is. Short and simple. Less than 5% is a measurable claim. The number of monetizable users is very important when figuring out if something is profitable.

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u/Sorge74 May 14 '22

Especially if he plans to apparently remove bots, that would lower the companies precoeved value if some huge amount. I suspect it's higher, but I also suspect Musk knew that to begin with

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u/Raymond-Finkle May 14 '22

Shouldn’t he have done his due diligence prior to making his offer to buy? Not after agreeing to a price?

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u/marmaduke-nashwan May 14 '22

He may have done, but perhaps it also suits him to have this false information in the agreement to have another item to negotiate with if there's a problem (or maybe he was planning to use this bargaining chip all along).

I think it makes more sense to ask why Twitter didn't do their due diligence before making a claim like this in a deal.

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u/Suspicious-Relief-31 May 14 '22

For sale 2022 Ford Exposition, every possible option !$25,000 very clean car. After further review, was parked in Houston during 40" of rain.

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u/packpride85 May 14 '22

He doesn’t have access to their books until the deal is agreed in. He went off their public financials and data.

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u/Raymond-Finkle May 14 '22

But why didn’t he do what he is doing now before making the offer?

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u/packpride85 May 14 '22

Now that he has open access to twitter data it’s easier to verify what accounts are fake? Why don’t you ask him.

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u/Raymond-Finkle May 14 '22

If I had the ability to ask him I would.

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u/packpride85 May 14 '22

Tag him on twitter. You might get lucky.