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Elon Musk is backing out of the Twitter deal… or is he? Could all of this be a ploy to force Twitter to reveal the actual scope of their bot problem in open court? They have claimed in SEC filings that they count fewer than 5% of total users as global monetizable daily active users (mDAU) in their numbers, but Musk doesn’t think so.
It’s really a no-lose situation for Musk. If he goes to court and Twitter can prove their numbers are accurate, he will be “forced” to complete the deal that he wanted to make in the first place. If they cannot prove it, they will be in big trouble with the SEC as well as the court and may be compelled to sell to Musk for a lower amount.
In a reply to a viral Tweet in which Musk laid out the current situation, I predicted he would get the company for far less than what he originally offered:
If it’s worth $44B with <5% bots, then…
— JD Rucker (@JDRucker) July 11, 2022
After posting that Tweet, Musk invoked actor and martial arts master Chuck Norris in a meme. He called it “Chuckmate”:
— Elon Musk (@elonmusk) July 11, 2022
According to The Daily Mail:
Twitter on Sunday hired a heavy-hitting Delaware-based law firm to sue Musk for backing out of his $44billion deal to buy the company. The social media giant brought in Watchell, Lipton Rosen & Katz, and plans to file suit against Musk early this week, Bloomberg reported.
The hiring of Wachtell gives the company access to lawyers Leo Strine and Bill Savitt, who previously served as Chancellors of the Delaware Chancery Court. Delaware’s chancery courts deal with non-jury proceedings overseen by judges known as chancellors. They often tackle business wrangles, with many top US firms – including Twitter – basing their corporate headquarters there, even when their main offices lie elsewhere.
Chancery courts cannot order punitive damages to be paid, and generally hear cases more quickly than criminal trials, with the Twitter debacle likely to be wrapped-up within a few months.
However this ends, it seems likely Musk will get what he wants one way or another. Twitter may get what they want if they can prove they’re not lying about bots. If they can’t, they may have to sell to Musk for less than he offered or risk being laid to rest in the Big Tech graveyard.
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Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We just launched a new GiveSendGo page. We also have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!