1984: Thread

grarpamp grarpamp at gmail.com
Thu Sep 8 14:16:06 PDT 2022

Even Disney's Kings of [now Woke] Propaganda know
Twitter is a huge prop tool...

Disney's Bob Iger Abandoned 2016 Twitter Deal Over "Substantial" Number Of Bots


Elon Musk got a huge boost from former Disney CEO Bob Iger, who
revealed he backed out of a 2016 deal to purchase Twitter because a
"substantial portion" of the social media platform's users were "not

In an interview at Vox's Code Conference in Beverly Hills, California,
Iger said Walt Disney Co was about to purchase Twitter in 2016 because
it would've been an efficient way to distribute Disney's content

He said it was determined that "a substantial portion - not a majority
-" of users were fake, indicating he had to discount the company's
value because of the bots. Though there was little clarity, in
percentage terms, on what he meant by "substantial."

In response to a question via The Verge's Alex Heath, Iger explained
more about the Twitter deal and how it could've been a "phenomenal"
distribution platform for Disney but came with too many headaches

    "We were intent on going into the streaming business. We needed a
technology solution. We have all this great IP. We weren't a
technology company. How do we get that IP to consumers around the
world? … And we were kicking tires left and right. We thought about
developing ourselves. Five years, $500 million. It wasn't the money,
it was the time, because the world was changing fast. And at the same
time, we heard that Twitter was contemplating a sale.

    "We enter the process immediately, looking at Twitter as the
solution: a global distribution platform. It was viewed as sort of a
social network. We were viewing it as something completely different.
We could put news, sports, entertainment, [and] reach the world. And
frankly, it would have been a phenomenal solution, distribution-wise.

    "Then, after we sold the whole concept to the Disney board and the
Twitter board, and we're really ready to execute — the negotiation was
just about done — I went home, contemplated it for a weekend, and
thought, 'I'm not looking at this as carefully as I need to look at
it.' Yes, it's a great solution from a distribution perspective. But
it would come with so many other challenges and complexities that as a
manager of a great global brand, I was not prepared to take on a major
distraction and having to manage circumstances that weren't even close
to anything that we had faced before.

    "Interestingly enough, because I read the news these days, we did
look very carefully at all of the Twitter users — I guess they're
called users? — and we at that point estimated with some of Twitter's
help that a substantial portion — not a majority — were not real.

    "I don't remember the number but we discounted the value heavily.
But that was built into our economics. Actually, the deal that we had
was pretty cheap.

    "Then you have to look, of course, at all the hate speech and
potential to do as much harm as good. We're in the business of
manufacturing fun at Disney — of doing nothing but good, even though
there are others today that criticize Disney for the opposite, which
is wrong. This was just something that we were not ready to take on
and I was not ready to take on as the CEO of a company and I thought
it would have been irresponsible."

Iger dropped a gold nugget of information for Musk, who is locked in a
court battle with the social media company to purchase it for $44
billion. Musk has been trying to exit the deal because he claims the
company misrepresented the number of bot accounts.

Twitter has maintained its platform has fewer than 5% of its
"monetizable" daily users are bots, though it appears a growing number
of influential voices, not just the world's richest man, are saying
that's incorrect.

In response to a tweet about Iger's comments. Musk tweeted: "Interesting ..."

    Interesting …
    — Elon Musk (@elonmusk) September 8, 2022

Meanwhile, Twitter's legal team has sued Musk to fulfill his
obligation to buy Twitter. Musk's legal team had requested that the
trial occur early next year, but the court ruled the trial is set to
begin on October 17.

Musk's legal team, however, has been allowed to add whistleblower
claims from Twitter's former head of security, Peiter "Mudge" Zatko,
who claimed that Twitter had alleged "extreme, egregious deficiencies"
regarding privacy and security and that executives misled the board of
directors on such issues. This could give Musk the ability to show the
court that Twitter breached the merger agreement's terms.

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