It's not wrong (well technically it's wrong), it's purposeful. He intends to pull out of the deal and before paying the $1B contract cancelation penalty, he plans to sue Twitter for basing the contract on false information. People, it's obvious what's going on here. Musk fucked up and now he wants out.
Yep. Purposeful as hell. Like a little rich kid who didn't get his way and is trying to treasure his toys and leave. The only problem is his tricks won't work while he's completely under the microscope. His own arrogance fucked him.
"basing the contract on false information" that's called fraud. Yes, he can sue if Twitter commits fraud against its shareholders by deceiving the public on how many fake accounts are using the platform.
He's also publicly putting on display Twitter's ridiculously flawed method they use to come up with their numbers. He's calling them out without technically calling them out.
I’d say he’s trying to get as much info how Twitter works, bail out, then use that to construct a new product or service. Possible for his Tesla Phone.
Or he’s trying to manipulate the price down because Tesla stock is down. He leveraged his shares for a loan, so he may not have the full financing. So he’s going to try and say that Twitter isn’t worth what he initially offered because of this. They’ll get a couple million dollar fine from the SEC for market manipulation, so cost of doing business.
If anything, he's trying to make Twitter look bad for investors. When I heard Elon was buying Twitter, I deleted my account. I'm sure I'm not the only one. He caused Twitter to lose users.
Nope, he waived due diligence and he can actually be forced to perform on the deal even if he wants to pull out and pay the $1B penalty. The deal will go through.
did he ever really intend to buy? or did he just make a bunch of noise knowing he would have this back door to pull out of. can't wait for this to be blamed on democrats, too.
I don’t think he fucked up I think this was his plan all along except I tho k he wanted to dump Tesla stock before it tanked. And it kind of seemed like he was making a lot of noise after that kid started posting his flight info.
He's either the dumbest "genius" billionaire out there who doesn't understand mathematics or he is being purposely deceitful as a manipulation tactic. There is no other option.
Blame twitter since that's the standard they set. Why waste any more time and money on researching a bigger sample if you only need 100 to prove your point?
I have a degree in math. You are right - and that isn't even the worst part - the "sample" is chosen from one person's followers, so it isn't even "random" at all.
What is wrong with you? He is renegotiating, not backing out. Also, this 100 user sample that everyone is making fun of came from the twitter board and execs. Elon chose 100, because he is right, twitter was doing something horribly wrong when determining amount of fake accounts. Elon outed them indirectly.
That's you and the rest of Reddit. Except all of the people on here who hate him keep posting and upvoting and commenting about him so he never goes away. People just want someone to rage against.
The 100 user sample is how twitter officially did it. Everyone is making fun of the 100 user sample because they falsely think it was elon's idea. Nope, it was twitter execs and the twitter board pushing those effectively fake numbers.
Twitter stated in SEC papers that about 5% were estimated to be fake accounts, so Elon asks for proof of that assessment. The word expert these days is extremely devalued
He wanted the 100 number to rile people up, because he learned that Twitter used a sample size of 100 users to determine their bot percentage being under 5%. He is doing this to make a point.
He knows it wrong, it's absurd. He suggested it because it's the method Twitter used in giving him the number of bot accounts (less than 5%, they said) and he wants to show that if a bunch of people take a random sampling of just 100 followers of a big account like @twitter, you're gonna get horseshit results.
Who are these "experts" and what are they an "expert" in? Serious and legitimate question... I always see these kind of titles and stories with the word "expert" in the title with the intention to make or change a narrative but with no real explanation... not defending Elon at all.. just see this bullshit wayyyyy too much to make a narrative to make and change people's perspective.. shits getting old..
It literally says this in the article. The same article which has people saying it’s not statistically valid and that social media companies don’t use such small sample sizes.
Some of us are just waking up to the fact that Musk supports Donald Trump. The fact he wants Trump back on Twitter is enough to end my appreciation for anything else he may have done to help the planet.
Haven't you heard, we collectively have to hate Elon musk. And we have to up vote every negative article that's posted numerous times everyday about him
Because Elon has stated publicly that he will take it private and allow any kind of hate speech to run rampant with no moderation or consequences. I agree that Twitter isn't exactly run perfectly right now, but it's a hell of a lot better than what Musk is promising.
That's because, and hear me out here, Elon is mostly an idiot when it comes to science and many technologies. Seriously though, every time he speaks or tweets about a deeply scientific or technical topic he literally proves it to experts of the field. My aha was his tweets around what he thought could be done with doge coin while the literal inventor of it said 'you all know it's literally designed to go to 0 right guys... The code is open source and that's the joke...guys.. guys?'
Could it be possible that in this case the “experts” simply don’t understand the situation? Elon claims that Twitter themselves used a sample size of 100.
Experts also said his approach to cars was all wrong. Experts also said his approach to space flight was all wrong. Experts also said his approach to building tunnels was all wrong.
There is obviously some fuckery going on here, both sides have an incentive not letting the full-truth be know. It would be trivial to get a much larger sample size with a better sampling method, this is a huge red flag. Why not use actual random sampling, why not use a statistically significant sample, why not compare different samples using different methodologies, all the se tell me they both try to tell a specific story and are in no way trying to actually let the amount of Bots be part of public discourse.
my social media accounts are probably flagged as bot accounts, i just don't post things on social media, i only use them to keep with news and updates from games that i play.
"Elon Musk wants to manipulate the stock market through social media, but experts say that he will get away with it and everything else he does because laws only apply to poor people"
He knew about the bots and now he knows Twitter is for sale. He’s going to stall and try to drive the stock price down so he can negotiate a much lower price. My guess 7-10B lower.
It's not wrong (well technically it's wrong), it's purposeful. He intends to pull out of the deal and before paying the $1B contract cancelation penalty, he plans to sue Twitter for basing the contract on false information. People, it's obvious what's going on here. Musk fucked up and now he wants out.
Yeah but that’s on him. You’re supposed to do due diligence before making offer.
Or he's using it as a bargaining chip to pay less for the company.
Agreed. Wait: what's this? Hmm, look guys,
Yep. Purposeful as hell. Like a little rich kid who didn't get his way and is trying to treasure his toys and leave. The only problem is his tricks won't work while he's completely under the microscope. His own arrogance fucked him.
can we say he didnt expect them to take the offer?
"basing the contract on false information" that's called fraud. Yes, he can sue if Twitter commits fraud against its shareholders by deceiving the public on how many fake accounts are using the platform.
Yup. It was all a bluff from the beginning.
He didn’t fuck is he knew what he was doing the whole time. It doesn’t take a genius to realize that twitter is ridden with bots
Are we sure he didn't know/suspect this all along?
How did he fuck up exactly?
He's also publicly putting on display Twitter's ridiculously flawed method they use to come up with their numbers. He's calling them out without technically calling them out.
I’d say he’s trying to get as much info how Twitter works, bail out, then use that to construct a new product or service. Possible for his Tesla Phone.
Or he’s trying to manipulate the price down because Tesla stock is down. He leveraged his shares for a loan, so he may not have the full financing. So he’s going to try and say that Twitter isn’t worth what he initially offered because of this. They’ll get a couple million dollar fine from the SEC for market manipulation, so cost of doing business.
If anything, he's trying to make Twitter look bad for investors. When I heard Elon was buying Twitter, I deleted my account. I'm sure I'm not the only one. He caused Twitter to lose users.
Maybe he's trying to burn down Twitter to give Truth Social a shot. Lol
Or he want to negotiate down from 54.20 a share. Maybe to 42.0 a share.
Nope, he waived due diligence and he can actually be forced to perform on the deal even if he wants to pull out and pay the $1B penalty. The deal will go through.
did he ever really intend to buy? or did he just make a bunch of noise knowing he would have this back door to pull out of. can't wait for this to be blamed on democrats, too.
I don’t think he fucked up I think this was his plan all along except I tho k he wanted to dump Tesla stock before it tanked. And it kind of seemed like he was making a lot of noise after that kid started posting his flight info.
I've been arguing with folks on
Just seeking better price.
He will do his due diligence, expose twitter as a trash fire, crash the stock price, back out of his offer for cause, and take over hostilely twitter.
You guys just embarrassed yourself. Congrats, you are the MSM now.
His Ego finally let his Wallet know what he'd agreed to.
I'm just some random dude on reddit, and even I know the sample size is much too small for any meaningful data analysis.
It's just a negotiation tactic, it's nothing to do with actually checking for bots.
It's easier for him to do percentage that way...
That’s the point. That is what twitter used.
He's either the dumbest "genius" billionaire out there who doesn't understand mathematics or he is being purposely deceitful as a manipulation tactic. There is no other option.
I'm a rando too and love math. So let's break down why 100 is too small.
Blame twitter since that's the standard they set. Why waste any more time and money on researching a bigger sample if you only need 100 to prove your point?
I have a degree in math. You are right - and that isn't even the worst part - the "sample" is chosen from one person's followers, so it isn't even "random" at all.
That’s the number of accounts Twitter used to audit their website when they proclaimed only 5% bots. He’s doing this to prove a point.
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I don’t like musk, but there’s nothing wrong with that sample size.
"I'm going to take a random sample of 100 of my own followers"
Elon Musk is making up excuses to try to get out of the deal as he watches that Tesla stock-backed margin call looming.
I will be surprised if it is anything less than 1/3 the accounts.
He's implying that the owners may have engaged in fraud that should affect the share value... if they back out of the deal he has them.
Musk is pulling a McConnell and is fillibustering his own deal.
What does filibuster mean?
He's going to talk to each of them, learn their secrets, breed with their bot women and, in time, our differences will be forgotten.
Breed with the bot, huh? Somewhere, upon reading this, Mark Zuckerberg just squirmed.
Musk wants to back out of his purchase because 44BN was WAY too much and he knows it
Feels like an impulsive decision tbh
Reddit was talking about what a lowball it was before the offer was accepted. Now it's WAY too much.
What is wrong with you? He is renegotiating, not backing out. Also, this 100 user sample that everyone is making fun of came from the twitter board and execs. Elon chose 100, because he is right, twitter was doing something horribly wrong when determining amount of fake accounts. Elon outed them indirectly.
I’d be tempted to get out if I were him. Not necessarily for the cost, but also the backlash among current age liberals.
Fuck elon musk
One of the world’s biggest tools.
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I hate how much I let this stupid douche take up space in my brain through thinking about how much he sucks
"BuT hE iS tHe GeNiUs oF oUr TiMe" /s
That's you and the rest of Reddit. Except all of the people on here who hate him keep posting and upvoting and commenting about him so he never goes away. People just want someone to rage against.
Id like to know how many fake accounts he has…lol.
Elongated way of chickening out.
The 100 user sample is how twitter officially did it. Everyone is making fun of the 100 user sample because they falsely think it was elon's idea. Nope, it was twitter execs and the twitter board pushing those effectively fake numbers.
Twitter stated in SEC papers that about 5% were estimated to be fake accounts, so Elon asks for proof of that assessment. The word expert these days is extremely devalued
“Experts say” is the laziest headline ever.
It doesn't matter if the approach is right or wrong. Musk doesn't give a shit about that. He's just playing the stock market. Like he always does.
It does affect advertising revenue of the platform. He should care.
Well he overlooked advice/opinion of these desktop experts. Not sure he will give any heed to any of their future advice.
The Muskrat realized he fucked up bigtime and now wants to weasel out. His goal is to avoid paying the cancelation fee, nothing more.
Makes sense if you’re ignorant and don’t think about it.
“Experts” pfffff.
I’m amazed how few people understand sample sizes. If you have a data set that has a normal distribution, 100 isn’t a bad sample size.
Tell me where I am wrong here because I am not a statistician.
Most of the bots I see on a daily basis are pro-Elon Musk which has always stuck me as ironic.
How do you identify if a tweet is written by a bot? Surely they’re not all saying the same thing
He should be asking how many accounts are real people..?
This is a con to get out of buying twitter. He cannot afford it.
Twitter and the bank doesn't agree with the buyout without seeing financials first.
He wanted the 100 number to rile people up, because he learned that Twitter used a sample size of 100 users to determine their bot percentage being under 5%. He is doing this to make a point.
His everything is all wrong. I wish he’d just shut the fuck up and go away.
Or lose his shirt buying up Twitter.
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He knows it wrong, it's absurd. He suggested it because it's the method Twitter used in giving him the number of bot accounts (less than 5%, they said) and he wants to show that if a bunch of people take a random sampling of just 100 followers of a big account like @twitter, you're gonna get horseshit results.
I'm not sure what his game is with this one.
It’s pretty obvious he’s trying to weasel his way out. Why would he not do this,if the deal hinges on it, BEFORE securing billions in funding?
Who are these "experts" and what are they an "expert" in? Serious and legitimate question... I always see these kind of titles and stories with the word "expert" in the title with the intention to make or change a narrative but with no real explanation... not defending Elon at all.. just see this bullshit wayyyyy too much to make a narrative to make and change people's perspective.. shits getting old..
😂 people are dumb. He chose that number because that is what twitter used to conclude less than 5 percent of its users are bots. Whoosh.
Yeah, lots of dumb dumbs on Reddit. It’s hilarious reading through these ignorant ass comments.
It literally says this in the article. The same article which has people saying it’s not statistically valid and that social media companies don’t use such small sample sizes.
Some of us are just waking up to the fact that Musk supports Donald Trump. The fact he wants Trump back on Twitter is enough to end my appreciation for anything else he may have done to help the planet.
After Musk's comment about Trump, Tesla stock lost 10%.
They don’t even know, CP is rampant in twitter.
Club Penguin?
"Cheese Pizza"?
Cold pasta?
Creator points?
Cream pie?
I don't mind Elon being wrong. Do you ? It's his $44B at stake, not my $44.00.
First, the fakes following his own account alone make up more than 5% fake ratio. He knows this well, because he paid for all of them.
I still find it incredibly funny how some people hate Elon Musk is trying to buy Twitter, but have no problem with the current share holders lol.
Haven't you heard, we collectively have to hate Elon musk. And we have to up vote every negative article that's posted numerous times everyday about him
Because Elon has stated publicly that he will take it private and allow any kind of hate speech to run rampant with no moderation or consequences. I agree that Twitter isn't exactly run perfectly right now, but it's a hell of a lot better than what Musk is promising.
I’m guessing the experts are twitter employees. 😂
Basically every auditor I work with says that his sampling is laughable at best.
his sampling is in line with Twitter's sampling. That is the issue.
Why would you need to speak to an auditor about sampling? It’s basic statistics. You don’t think 100 is a good enough sample size?
Elon is lying
“Experts say his approach is all wrong” story of Elon’s life
That's because, and hear me out here, Elon is mostly an idiot when it comes to science and many technologies. Seriously though, every time he speaks or tweets about a deeply scientific or technical topic he literally proves it to experts of the field. My aha was his tweets around what he thought could be done with doge coin while the literal inventor of it said 'you all know it's literally designed to go to 0 right guys... The code is open source and that's the joke...guys.. guys?'
Jamie Dimon?
Could it be possible that in this case the “experts” simply don’t understand the situation? Elon claims that Twitter themselves used a sample size of 100.
Experts also said his approach to cars was all wrong. Experts also said his approach to space flight was all wrong. Experts also said his approach to building tunnels was all wrong.
The tunnels haven’t panned out
No they didn't. Also they should have called his approach to building tunnels all wrong considering they turned out to be overpriced death traps.
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Why are you being down voted
Elon is that you?
‘Experts’ say. Experts. To Elon.
Did you even read the article? It seems likely that Elon is using the same sample size of 100 that Twitter used previously.
Lol, its probably 90% bots. I imagine that reddit is too.
Everybody here is bots but you and me, and I'm not so sure about you!
Maybe he just made his offer to buy Twitter to expose that their user numbers are all a scam?
Musk knew exactly what he was doing. He didn't make a mistake, because he had no intention of buying Twitter at that price (if at all).
Jesus christ. This post reads like it comes before someone shoots up a pizza restaurant.
How many of those experts have an IQ equal to or above ELon's?
I would think this is on Twitter. How is Musk supposed to know the amount of fake accounts?
What counts as a "fake" account? Someone that's not willing to give their 100% accurate personal information? Or obvious ones like "ForTehLulz" etc?
One that makes programmatic posts and comments using the Twitter API. Now sit down while adults are talking.
About as many as the votes Trump is still looking for
That's the assumption.
Twitter must be starting to regret dealing with Musk.
I like turtles!
I would even go so far and say its performative.
"Experts say his approach is all wrong"
Talk down the price get a better deal
He doesn't care.
There is obviously some fuckery going on here, both sides have an incentive not letting the full-truth be know. It would be trivial to get a much larger sample size with a better sampling method, this is a huge red flag. Why not use actual random sampling, why not use a statistically significant sample, why not compare different samples using different methodologies, all the se tell me they both try to tell a specific story and are in no way trying to actually let the amount of Bots be part of public discourse.
Twitter is trash and stocks have plunged... Musk wants out pretty much.
You mean the funny meme man isn’t right about everything?
Fraud though..
Yeah because he’s fucking stupid
This is the same guy who said, “give me a plan to fix hunger issues around the world and I’ll pay for it. “ Someone offered a plan, CRICKETS.
Something I've learned is that the "experts" are not experts at all.
Experts? LMAO
Should we rename this sub? It’s not technically anymore!
Lol at everyone pretending to know the details of the deal or the first thing about buyouts.
Shut down all fake accounts period!
Must is laying the ground to have alt-right bots flood Twitter prior to the 2024 elections.
LOL “experts”
Musk is a ponzi scheme 2.0
Experts say
name one expert
That's the whole point...his approach is Twitter's approach
technelonmuskology
I also want to know how many fake friends I have, I am unable to find.
Reddit has a lot of bots too tbh I’ll read the comments on some posts and it’s all random as fuck lmao
Experts??? in manipulating data? everyone not agreeing with them is wrong ...
my social media accounts are probably flagged as bot accounts, i just don't post things on social media, i only use them to keep with news and updates from games that i play.
Expert is doing heavy lifting here. Logic alone shows the approach is flawed
How do you eliminate stories about Elon Musk? No mas!
TBH who gives a fuck. Practically everyone already knows all social media platforms are full of trolls,bots, duplicates and fake accounts.
musk is just a troll. he wants to manipulate the market and get a better deal. he should be tried for fraud.
seems like the sort of thing you establish BEFORE making an offer and attention-seeking all over
This is all about his ego, and keeping himself in the spotlight.
If he cracks down on all the fake profiles, Lady Gaga will lose at least half of her following.
And so would he
He’s not wrong Lol he knows what he’s doing
The media has seriously reached "bitch eating crackers" levels with Elon Musk.
His approach should be asking about real accounts then
What a fucking pedo.
"Elon Musk wants to manipulate the stock market through social media, but experts say that he will get away with it and everything else he does because laws only apply to poor people"
I am so happy that people who actually have power and money and intelligence are using their time to make the world a better place.
He knew about the bots and now he knows Twitter is for sale. He’s going to stall and try to drive the stock price down so he can negotiate a much lower price. My guess 7-10B lower.
millions and millions
Elon stepping on his dick again
That’s because he’s just looking for any excuse to back out… claim Twitter is garbage then go for Trump’s whatever it’s called social media site?
How many of his 92m follower are bots? More importantly how many of his first 1mio were bots?