<THREAD> Since Twitter apparently thinks reporting on public databases à la Spicy is grounds for suspension, we'll be examining its own financial disclosures to investors from the SEC EDGAR database. Nazis are OK on here. Is this? Let's find out.
A mere six months later, and with heavyweight VCs like International Venture Partners (using what looks like a Caymans-style offshore account) jumping on board, Twitter is now offering $39 million in equity, with $35 million of it subscriber to 7 investors.
NOW IT GETS INTERESTING. The Kremlin, through VTB Bank, laundered through Yuri Milner's DST, puts in somewhere in the $400m+ range of investment. Then it goes public. https://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/digital-media/8676064/Twitter-confirms-significant-round-of-funding-led-by-Russian-investment-company.html …
The ICIJ deconstructed the offshore vehicles used to get the now-sanctions VTB/Kremlin money into Twitter. Oh, and they also invested with Joshua KUSHNER. https://www.icij.org/investigations/paradise-papers/kremlin-owned-firms-linked-major-twitter-facebook-investments-icij/?utm_content=buffer4b0d3&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer …
The SEC, in plain English: Where are you getting these numbers? Why will you do better in the future when you're losing more money now than before? You're not monetizing users, right? OK, so what's the "data partner" thing? What are they doing with it. Explain your accounting.
Twitter finally goes public and - MIRACLE OF MIRACLES! - its value shoots up 73% on the first day! And surely, no Russia mob funds or Wall Street insiders had ANY tips. No sir - no indication of that AT ALL. https://money.cnn.com/2013/11/07/technology/social/twitter-ipo-stock/index.html …
The Kremlin cashed out not long after.
To be continued... </>
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