Well, Twitter shareholders have approved Elon Musk’s Twitter.com acquisition, so that’s good. Musk has, at this point, sent several letters trying to close the deal, and who knows, maybe he’ll send more. His excuse for backing out of the deal — I’m not going to try to pretend he really believes in this stuff — doesn’t look so good, partly because his whistleblower Deus Ex machine seems like a bust. .
One way to implement the change Zatko wanted was to eliminate Dorsey!
The excuse that Musk is leaning on is that Twitter is intentionally lying about its user numbers, overcounting bots, etc. A whistleblower complaint filed by Peter “Mudge” Zatko might bolster his case a little, but not much.
I’m trying to take Zatko seriously. But Robert Graham really put into words what I was thinking: Zatko doesn’t know how to do things in corporate culture:
Underlings hope their bosses will help defend them in disputes over their work. But officers don’t have that luxury. They are at the top of the food chain and are themselves responsible for resolving conflicts. There is no one to complain, not the board which only wants the result, and not HR, because you are above HR. None – you have to settle your disputes yourself.
Jatko’s complaint appears to be about seeking dispute resolution in the public court, as he was unable to resolve his dispute. [Twitter CEO Parag] Agarwal Sr.
Jatco also made a lot of ruckus about Jack Dorsey, the former CEO of Twitter, in his complaint. I’m no executive, but if you give me an absentee boss, I’m just going to whatever the fuck i want, I’m surprised this didn’t happen to Zatko because one way to implement the change Zatko wanted was to eliminate Dorsey! He could do this by conspiring with other rebels or just through evil implementation. Given how Zatko described Dorsey as a “disrupted CEO” who didn’t speak to him for “days or weeks,” steaming Dorsey should have been child’s play.
“Cyberwhistle” Is Now Out Of Stock, And Presumably, Tesla Is Many Dogecoin Rich
In fact, the more I listen, the more I think current Twitter CEO Parag Agarwal made a point about Zatco’s “poor leadership,” which was one of the reasons Agarwal cited for firing Zatco. . I’m not alone, either — Twitter shares closed up 2 percent after Zatko’s testimony on Tuesday, which doesn’t sound like much until you realize the rest of the stock market fell down, Investors didn’t seem to have given much thought to Zatco’s complaints.
more, ace techdirtAs Mike Masnick of Twitter notes, Zatko’s views on the measurement of Twitter’s monetizable users do not square with Musk’s arguments about bots and fake accounts.
There’s a bright side to Musk here, though. (Okay, in addition to the Zatco-related shareholder lawsuit.) He tweeted a link to a Tesla merch store, where one could order a “cyberwhistle” for 1,000 Dogecoin. “Cyberwhistle” is now out of stock, and possibly, Tesla is many Dogecoin rich.
What are Musk’s lawyers doing during this time? Well, according to Twitter, they are not complying with the search (search, search, find, find, find!) process.
In a filing, Twitter claimed that Musk did not produce the texts and that the man who runs his family office, Jared Birchall, sent each other. You might remember Birchall, aka “James Brickhouse,” from Musk’s 2019 defamation lawsuit: He entered into a non-disclosure agreement promising to dig up dirt on the cave that Musk called “Pedo man” and also acquired. The URL for Musk is justballs.com.
“If we’re going into WW3 there won’t be any point in buying Twitter.”
Twitter says it is aware that these messages exist between Musk and Birchall because a third party supplied them. “The defendants have declined to explain this search failure,” Twitter’s lawyers wrote. “The documents have either been improperly destroyed or improperly withheld.”
Twitter cites some messages that Morgan Stanley generated between Musk and his banker Michael Grimes (no relation), where Musk asked Grimes to “slow down just a few days” to Russian leader Vladimir Putin’s speech. asked for “It wouldn’t make sense to buy Twitter if we’re going into WW3,” Musk texted Grimes. These messages were sent on May 8, Later Musk signed their $44 billion merger deal on April 25, and he suggests that bloombergMatt Levine is right: Elon Musk has no idea how mergers work.
In the second set of texts between Grimes and Musk, Musk states that he needs to do due diligence, which Musk already forgave, Musk texted on May 8, “An extremely fundamental Due Diligence item is understanding how Twitter confirms that 95% of their daily active users are real people and not double-counted.” (On May 17, Musk will publicly announce the deal “couldn’t go ahead” because of the bots, so I think his texts already had cold feet.) “If that number is 50% or less, I think based on my feed, they are fundamentally misrepresenting the value of Twitter to advertisers and investors.
Look, it sounds to me basically right that Musk based his bot guesses on his personal Twitter experience. but it is a Horrible This is the way to determine how many actual users are on Twitter.
In response, Musk’s lawyers said handing over all the texts was just a wee accident, then complained about Twitter. Tone. (There’s also a holy footnote about how unethical it is to be mean to other lawyers.) Lawyers cite some problems with Twitter’s production of other documents, then go on to say that Twitter’s “premature speed and excessively heated rhetoric” is meant to distract attention from Twitter’s own failures. Also, those messages Were Eventually produced, Musk’s team complains. See, real problem timeline, which is very fastand Twitter’s lawyers, who are It just means a lot.
It’s Like Musk’s Money Got Him In Teflon
I don’t find this reassuring, but I’m not the judge.
Anyway, Musk’s lawyers say the omission of texts with the Morgan Stanley banker was an oversight, and they’ll supply other Texts between Grimes (the banker, not Musk’s ex) and Musk. They say that they have prepared these messages.
Another funny sideline occurs in the footnote of the Twitter filing. Apparently, a16z’s Marc Andreessen was discussing a co-investment in Signal with Musk, a text messaging platform where messages can be set to auto-delete. Musk’s lawyers say he doesn’t usually use it for business. I think Twitter’s lawyers have a right to doubt Musk’s claims that he doesn’t typically use Signal for business transactions, but as Musk’s lawyers point out, it’s up to the exchange to decide to back Musk. happened before. Messy, though.
I don’t know, man. I don’t blame the hedge fund managers who are betting on Musk will be forced to acquire Twitter. I’m not that impressed with Musk here! Looks like he’s an idiot who doesn’t really have an affair! I love the drama, though: one of the hedge fund managers who bet against Musk is David Einhorn, who was Once mailed a set of short-shorts That’s when he announced he was shorting Tesla. (It was a brand promotion from a company selling shorts with 5.5-inch inseams, not Musk’s.)
Musk, on the other hand, managed to avoid entering his email into the search, a significant win for him and a significant loss for me, a person who likes to read other people’s emails.
Maybe he’ll be forced to buy Twitter, and I’ll eventually log off the hell site. But it’s as if Musk’s money has him wrapped in Teflon – the consequences of his action are right below that. The SEC hasn’t been able to hold that to account. Even NASA hasn’t. nor the National Labor Relations Board, which ordered them Delete a tweet that is still in progress, Why would the Delaware Court of Chancery be any different?