Now the question that everyone asks is: Twitter really overrated because it hosts a significant percentage of fake profiles or the sensational turnaround by Elon Musk in the withdraw from the purchase of the popular social network and to be ascribed to the collapse of tech stocks on the stock market in the last month which greatly reduced the assets of the founder of Tesla e SpaceX? What is certain that now on Wall Street the only ones doing the gold business will be the lawyers. Because after two months of negotiations, of due diligence on fake profiles, of accounts sifted through the smallest detail to understand the real cost-contact for advertisers of the popular Twitter platform, Musk has made the latest coup de theater: give up buying Twitter. He who alone has over 100 million followers and with his tweets ended up in the crosshairs of the SEC, the American stock exchange authority, for communications capable of altering market dynamics. His parents claim that the platform founded by Jack Dorsey has a flaw of origin.
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That the real value is much lower than the $ 54 per share purchase promise in the form of a takeover bid imagined last April by the entrepreneur of South African origin. Because the truly active users, believed to be around 330 million, are even fewer. Because the bots, that is the fake profiles built by artificial intelligence algorithms capable of unleashing to feed propaganda theses, are many more than the 5% considered the threshold value beyond which the agreement could not be sealed. The company forwards the thesis back to the sender also because in the last month it had agreed to carry out a transparency operation by opening the room of secrets, the dataroom, clarifying its business model and the real contact cost of each of us. How much our data is worth to advertisers who profile us when we twitter or express a preference when we re-post a statement we share. For this reason, the company, which yesterday lost 5.1% on the stock market, has announced that it will open a dispute with Musk.
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The penalty of about a billion that he will have to pay it would not be enough to heal the reputational damage it has suffered in recent months of allegations and denials, bombastic announcements of purchase from 44 billion dollars up to this surprising turnaround. Yet Musk defends himself by arguing that several aspects of the agreement have not been respected. But more than a few financial analysts remarked that Musk had probably made the most of his leg in April. Certainly no one could have imagined that in June the Nasdaq, the index of tech stocks, leaves 29.5% on the road. Tesla since April 4 has lost 25% leaving almost 250 billion of capitalization. Could they have ended up weighing since the takeover bid would also have been financed with shares of the iconic brand of electric cars? Fabio Savelli
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