If Twitter has been lying for years to the SEC and defrauding investors, what are the consequences?


Musk is demanding additional information about users and bots running on the Twitter network. The media's assumption, and I suppose Musk's suspicion, is that Twitter has been lying. Millions of investors, retirement funds, just all sorts of “little people” and even large investors make investment decisions based on the integrity, the truth, about companies.

The current leadership, accountants, board members and all those at the top of Twitter cannot be the only benefactors of cooked numbers IF such fraud was committed. It would go back for years and years. Painting the current leadership as scapegoats would likely not even capture those that benefitted the most.

So, if the numbers have been cooked, this will severely financially harm so many people, while a handful made off as multi-millionaires and billionaires. What measures, what strength, what integrity does the SEC and other enforcers have to insure that the people responsible would forfeit their gains to make whole the people who lose in such a fraud?

Again, not saying this is the case, but the stock valuation fluctuating so wildly like it is, hints at least to the media, to strike fear into investors, to cause this massive plummet in valuations.

I see this playing out one of a few ways:
1. Twitter runs the appropriate queries on their data and soon reports the metrics requested. The deal goes through at the offered AND accepted price, $54.20

  1. Twitter shadily dodges and obfuscates and makes up excuses that a tech company cannot report information on the essence of what makes them valuable. This simply suggests long-running fraud. Past and current investors will suffer losses, while those that orchestrated it all have made off with ill-gotten gains. The deal doesn't close, and Musk gives Twitter a billion dollars to…. what?…. Make shareholders whole as the stock valuation continues to plummet? To invest in Twitter? Who gets that money and how will it be used, because again, shareholders will be suffering losses.

  2. Musk withdraws from the deal despite Twitter's metrics being accurate. Common shareholders still lose, and lose big time. This paints Musk as a manipulator… to what end I don't know, but the outcome is all that matters to retirees, investors, various funds, and all the little people caught up in the fallout.

Anyhow, what power or integrity does the SEC have to make whole investors that lose to either negative outcome?


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