Quote:
Originally Posted by Azure
Their SEC filings would be public as they are a publicly traded company, but I would be surprised if they publicly say how many spam accounts they have?
But it all depends on the actual purchase contract. If Musk had a clause where he can back out if more than 5% of the accounts are spambots, then it is a different story.
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He doesn't. In fact, he specifically waived the right to do due diligence on non-public information so he could close more quickly (likely to stop others from having time to make an offer). And he has publicly acknowledged the bot accounts in the past, so they can prove he knew it was an issue. Even if their filings are wrong that probably isn't material adverse (eg the Abbott/Alere deal closed even though Alere had to state their filings were unreliable due to bribery issues)