Posts Tagged ‘Twitter Millions bots on the platform’

HNewswire: Mr. Musk is terminating the Merger Agreement because Twitter violated numerous key provisions of it. It also seems to have provided Mr. Musk with incorrect and misleading information on which he relied when signing the Merger Agreement, and it is likely to have a Company Material Adverse Effect, as stated in the Merger Agreement. The SEC requires flawless filings. Misrepresenting statistics or statements in files is quite severe. Companies have gone bankrupt as a result of this. This was covered in a previous post. Twitter is facing a financial crisis and must demonstrate that it did not lie in SEC filings about just 5% of bots – Elon Musk is waiting – Newsweek reports. Biden’s account may even be 50% bots. It is facing potentially damaging litigation for declaring in SEC filings that fewer than 5% of its customers…