Quote:
Originally Posted by opendoor
Because Musk's deal doesn't include any such clause. He could have signed an agreement in principle, subject to doing due diligence. Or he could have made an offer conditional on such and such happening, but apparently he didn't.
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Though I should add, if the user base was "completely fraudulent", then yes, Musk can get out of the deal because Twitter would have been committing fraud on their shareholders and their advertisers. But Musk offers no evidence of anything of that scale. In fact, in his lawyers' letter, they don't even say that they have evidence that the bot estimate for monetizable daily active users is way off, just that
"preliminary analysis by Mr. Musk’s advisors of the information provided by Twitter to date causes Mr. Musk to strongly believe that the proportion of false and spam accounts included in the reported mDAU count is wildly higher than 5%." So Musk "strongly believes" that the bot account % is higher.