Reply to post: Re: Found some of the money

Musk tries to stall Twitter takeover trial following whistleblower claims

Jellied Eel Silver badge

Re: Found some of the money

As its their own metric, with their own parameters, it cant be fraud. If the value isn't exactly 5% if its more, oops, honest mistake.

So those sales figures. When we said it was only 5% of revenue, it was an honest mistake..

Seems like people expect Musk to be spending $44bn sight unseen. Fake user/bot numbers might not be an official GAAP metric, but user numbers are a pretty key element of the valuations for social/new media companies, especially if your business case relies on monetising those users.

So IMHO, it depends on how far out the 5% is in Twitter's public filings, because that's material information that affects valuation, and stock price. If that's grossly underestimated or reported, well, explaining that might prove problematic.. like in most fraud cases.

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