hodar
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First M2 Pro benchmarks prove big improvement over M1 Max
rob53 said:Wish I could simply plug a Mac mini into my iMac display.
With a decent monitor; keyboard, mouse and a little extra storage the cost outlay is not that far apart, assuming you start off with a upper level Mini -
Apple Watch sensor has racial bias, claims new lawsuit
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Bono takes the blame for the 2014 iTunes U2 album disaster
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Musk threatens to walk away from Twitter deal over high fake user count
Stabitha_Christie said:“ It's not clear why Musk failed to do due diligence of the service before offering to buy, which should have included an accurate count of fake users”Yeah…. His history of being an impulsive jackass certainly doesn’t explain it.
These are publicly available, and are the OFFICIAL STATEMENT of the company's financials, quarterly expenses, costs, debts, plans and forward mission statements.
They are signed by the CEO and/or the CFO.
These are the forms that Stock Brokers will analyze to set a stock price target, banks will use to determine loan amounts and percentages, and are a base for taxes. These forms are generally "audited" by a 3rd party, before release.
They are a big deal. A very, very Big Deal.
That's why Elon had a $1 Billion Deposit, so he couldn't walk away.
However, fraud in vitiates everything. Twitter lied by overstating the actual user base, and instead of the bots being <5% as Twitter claimed, two separate 3rd party audits showed that bots were greater than 19.2% (about 400% higher than claimed). That's serious, very, very serious.
So, now come the law suits
Elon was defrauded, Twitter lied to him, they lied to the SEC. Oxley-Sarbanes Act sets up some very severe prison sentences for all involved for this.
So, Elon could walk away, or negotiate a much lower puchase price; due to this fraud
next, we have the stockholders, who will recieve far less share value, because Twitter committed fraud
Finally, we have the advertisers, who overpaid for advertizing, as the consumer base they thought they were reaching, did not exist.
yes, this is catetrophic. -
Musk threatens to walk away from Twitter deal over high fake user count
foregoneconclusion said:hodar said: Seems that Twitter is the one that not only misrepresented themselves, but also committed fraud to both stockholders, as well as advertisers. I would expect to see a class action lawsuit from stockholders, as well as advertisers, who made business decisions, based upon what is supposed to be accurate data.
https://www.washingtonpost.com/technology/2022/04/15/elon-musk-promises/
• March 2016: The Tesla Model 3 will cost $35,000
• January 2017: Full self-driving Tesla cars ready in 6 months
• November 2017: A Tesla Semi truck will arrive by 2019
• April 2019: 1 million robotaxis on the road by 2020
• November 2019: Tesla Cybertruck to begin production in 2021
• April 2022: Tesla’s humanoid robot will be ready for production in 2023
Delays in production, do they count as criminal acts? I imagine we would be arresting Intel, Apple, GM and pretty much every other company too. Missing production goals, and lying about your EXISTING subscriber base are two very different things; but I am sure you aware of this very basic idea.
Twitter committed fraud to every Stock Holder. The share price is derived by the number of Active Users, this was intentionally overstated.
Twitter committed fraud to every Advertiser. The cost of advertising is based on the number of potential customers, again this was intentionally overstated.
Do you imagine that they will all just go away?
If Apple overstated their iPhone sales by a few percentage points, what do you suppose would be the repercussions? These are neither trick nor difficult questions.