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Elon Musk Wants to Terminate $44 Billion Twitter Acquisition [Updated]
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Ex-Twitter exec blows the whistle, alleging reckless and negligent cybersecurity policies | CNN Business
Twitter has major security problems that pose a threat to its own users' personal information, to company shareholders, to national security, and to democracy, according to an explosive whistleblower disclosure obtained exclusively by CNN and The Washington Post.
All those people saying Musk was making up the bot issue to get out of the deal will be eating crow I guess.
Elon has had twitter on the ropes since he announced the takeover bid.Ex-Twitter exec blows the whistle, alleging reckless and negligent cybersecurity policies | CNN Business
Twitter has major security problems that pose a threat to its own users' personal information, to company shareholders, to national security, and to democracy, according to an explosive whistleblower disclosure obtained exclusively by CNN and The Washington Post.www.cnn.com
All those people saying Musk was making up the bot issue to get out of the deal will be eating crow I guess.
There was no reason for any of the Twitter executives to anticipate that a whale would pop our of thin air with a huge offer to buy them, never mind a whale who seems mid-process of diversifying and realizing (at near peak prices) some of his massive but volatile holdings. Twitter has been caught totally flat footed and are out gunned.
That Elon sold all his houses (to minimize potential state tax liabilities, I suspect) and sold in November (vs. tax advantage his sale by deferring his sale to the next year, so not an overall tax minimization strategy) suggests to me that Twitter was a vehicle more than a target where every outcome has Elon in a personally better position than where he started, where the bot issue was a possible lever and where billions of dollars are just anticipated estimation errors on such a massive move.
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Ten months is excessive in my personal view but for an arm’s dealer? Sickening trade. 👎
Musk has it turning for the good.
No one left behind…except a Marine and let’s not get started on Afghanistan.
Yes, I agree. Your quote appending my original post is strange. At least quote the full sentence.
"Twitter seems a pretty sloppy company sitting on a pile of unrealized potential. "