[gbear605]

They don’t mean the same thing, but the reason he’s giving for walking away (an estimate of the fraction of mDAUs that are bots) is not a valid reason under the contract. It would have to be a material statement (ie. affect the value by 25%, iirc), plus the phrasing in the filings was “In making this determination, we applied significant judgment, so our estimation of false or spam accounts may not accurately represent the actual number of such accounts, and the actual number of false or spam accounts could be higher than we have estimated.” The filing basically says nothing, so it can’t be wrong in a material way.

It’s just not a valid reason under the contract.

[astrange]

It doesn’t even make sense as a reason to be upset, because

- he was buying the company in order to solve the bot problem, and it being worse just makes that more important.

- if Twitter is overreporting their real users then their revenue per user is actually higher and they’re a better business.