TWITTER FACING FINANCIAL NIGHTMARE – Must Prove It Didn’t Lie in SEC Filings About Bots Only 5% – Elon Musk Is Waiting – Biden

TWITTER FACING FINANCIAL NIGHTMARE – Must Prove It Didn’t Lie in SEC Filings About Bots Only 5% – Elon Musk Is Waiting – Newsweek Reports Biden Account Made Up of 50% Bots




Twitter is in a terrible position.

It is facing potentially devastating lawsuits for claiming less than 5% of its users were fake or bots in its filings with the SEC. To report lies to the SEC is enough to take down any company and cause it to go bankrupt. If investors make decisions based on a company’s financials, which they do, if found to be false, a company could be taken out.

Earlier today we reported on the challenges Twitter has in reporting only 5% of its accounts are bots. In 2017 we found that both President Trump and Hillary Clinton had millions of bots included in their list of followers, many more than 5%.

Musk tweeted moments ago claiming his offer was based on Twitter filing honest SEC records.

20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.

My offer was based on Twitter’s SEC filings being accurate.

Yesterday, Twitter’s CEO publicly refused to show proof of <5%.

This deal cannot move forward until he does.

— Elon Musk (@elonmusk) May 17, 2022





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