🧵@elonmusk‘s counterclaim suit against Twitter.
Clearly, from Twitter SEC filings, mDAU is the key metric. It is the key metric for its business rev. And its market value;
mDAU is an ad hoc metric, created to protect Twitter’s interests. No competitor uses something similar.
— Andrea Stroppa (@Andst7) August 5, 2022
2/ When @elonmusk requested more information about spam and fake accounts; Twitter provided a vague response.
Then provided outdated data;
Then offered a fake data set (not real “firehose”);
Then provided a cleaned data set where they already suspended the malicious accounts;— Andrea Stroppa (@Andst7) August 5, 2022
Good summary of the problem.
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.
However, if it turns out that their SEC filings are materially false, then it should not.
— Elon Musk (@elonmusk) August 6, 2022
Let’s just do this, Elon.
Come on, man. We’re dying out here.
Elon Musk said that if Twitter Inc. could provide its method of sampling 100 accounts and how it confirmed that the accounts are real, his $44 billion deal to buy the company should proceed on its original terms.
“However, if it turns out that their SEC filings are materially false, then it should not,” Musk tweeted early on Saturday.
In response to a Twitter user asking whether the U.S. SEC was probing “dubious claims” by the company, Musk tweeted “Good question, why aren’t they?”.
Twitter declined to comment on the tweet when contacted by Reuters.
We’re running out of time, Elon, and we only get one shot at this.
Whatever true percentage of bots there are on the platform, is the percentage discount you should receive if forced to buy Twitter. Seems fair to me. 90% bots? 90% off.
— ⚡️Dezmond Oliver⚡️ (@dezmondOliver) August 6, 2022
Their methodology: Trust us bro, it’s 5%
— Neeksy (@NeeksyGG) August 6, 2022
Because if they disclosed, everybody will see the reality 😂
— Vinay ₿ (@vinaybhootra) August 6, 2022
One simple thing: Twitter will get real money for real data.
— Vinay ₿ (@vinaybhootra) August 6, 2022
Incredible that someone is buying a company and the company refuses to disclose such basic information to the potential future owner. Let alone a 44 billion USD deal.
— Aleksi Sjöberg (@aleksisjoberg) August 6, 2022
At least it’s the scariest for me right now 😬😬 pic.twitter.com/cloVdySVUf
— Deepti DC (@deepti_dc) August 6, 2022