{"id":1458681,"date":"2022-04-30T07:29:41","date_gmt":"2022-04-30T11:29:41","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1458681"},"modified":"2022-04-30T07:29:44","modified_gmt":"2022-04-30T11:29:44","slug":"was-twitter-cooking-their-books","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/was-twitter-cooking-their-books\/","title":{"rendered":"Was Twitter Cooking Their Books?"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">10<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwas-twitter-cooking-their-books%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1458681&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Has anyone else been suspicious of Twitter\u2019s flip-flop on selling the platform to Elon Musk? I\u2019m sure I\u2019m not the only one. I always felt that Twitter was far less valuable than what Musk was offering and was particularly surprised when a Twitter board member,\u00a0Saudi Prince Alwaleed bin Talal Al Saud, who is also one of Twitter\u2019s largest shareholders, said that he\u2019d reject Musk\u2019s offer because it was too low.<\/p>\n<p>\u201cI don\u2019t believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects,\u201d the prince <a href=\"https:\/\/twitter.com\/Alwaleed_Talal\/status\/1514615956986757127\" target=\"_blank\" rel=\"noopener\">tweeted<\/a> earlier this month.<\/p>\n<p>This claim never sat right with me. But adding to my suspicion was the sudden flip-flopping of the board to accept Musk\u2019s offer after initially taking steps to prevent his hostile takeover.<\/p>\n<p>So, why did they do it? Money, obviously. But why take an offer that Alwaleed bin Talal, who describes himself as \u201cone of the largest &#038; long-term shareholders of Twitter,\u201d originally dismissed as too low?<\/p>\n<p>To me, the answer is that the board knows that Twitter isn\u2019t worth what Musk is willing to pay for it, and it looks like there might be evidence to back that up.<\/p>\n<p><strong>RELATED: <a href=\"https:\/\/pjmedia.com\/news-and-politics\/matt-margolis\/2022\/04\/28\/covfefe-guess-who-is-finally-posting-on-truth-social-again-n1593740\" target=\"_blank\" rel=\"noopener\">COVFEFE! Guess Who Is Finally Posting on Truth Social Again!<\/a><\/strong><\/p>\n<p>According to Twitter\u2019s <a href=\"https:\/\/www.prnewswire.com\/news-releases\/twitter-announces-first-quarter-2022-results-301535206.html\" target=\"_blank\" rel=\"noopener\">latest financial report,<\/a> not only did the company not meet revenue expectations, but they also admitted that since 2019, the company has been \u201cover-stating\u201d how many users are on the platform.<\/p>\n<p>\u201cIn March of 2019, we launched a feature that allowed people to link multiple separate accounts together in order to conveniently switch between accounts,\u201d Twitter explains. \u201cAn error was made at that time, such that actions taken via the primary account resulted in all linked accounts being counted as [monetizable daily active Twitter users] mDAU.\u201d<\/p>\n<p>\u201cThis resulted in an overstatement of mDAU from Q1\u201919 through Q4\u201921.\u201d<\/p>\n<p>Based on their revised figures, Twitter now admits to having 1.9 million fewer global users in Q4 2021.<\/p>\n<\/p>\n<p>That\u2019s by no means a small number.<\/p>\n<p>It seems odd that this admission came after the board accepted Musk\u2019s offer, doesn\u2019t it?<\/p>\n<p>\u201cIs someone covering-their-ass ahead of Musk\u2019s deep-dive?\u201d <a href=\"https:\/\/www.zerohedge.com\/markets\/twitter-misses-revenues-admits-over-stating-millions-users?utm_source=pocket_mylist\" target=\"_blank\" rel=\"noopener\">asks<\/a> Tyler Durden at Zero Hedge. \u201cAnd what other little surprises lurk below the surface of this leftist sanctuary?\u201d<\/p>\n<p>Indeed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Has anyone else been suspicious of Twitter\u2019s flip-flop on selling the platform to Elon Musk? I\u2019m sure I\u2019m not the only one. I always felt that Twitter was far less<\/p>\n","protected":false},"author":498,"featured_media":1894231,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1458681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1458681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1458681"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1458681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1894231"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1458681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1458681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1458681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}