Twitter admits pressure from Elon Musk The company will make its data available to the billionaire to close the dispute that has held the progress of the acquisition hostage for several weeks.
In early May, Elon Musk submitted a binding proposal for: buy Twitter A $44 billion transaction, with consideration of $54.20 per share. Then the collapse of technology companies, including Twitter, and the ensuing accusation against the social network that “your data on the number of bots on the social network has been manipulated”. Twitter officially appreciates the fake account about 5% of the total active user base, while Elon Musk disputes the figure, arguing that there are many more.
This week, the entrepreneur got his lawyers talking and issued his ultimatum: “Either Twitter allows us to independently verify the veracity of the data, or the agreement falls apart”. The company has chosen to call what many call a bluff.
Elon Musk will get it full access to Twitter’s internal database, with information on the more than 500 million tweets posted daily. The database also contains information about IP addresses and devices connecting to the social network. A ledger that allows us to more accurately estimate how many active users there are daily and how many of them bone – and not real people.
May 16 Parag Agrawal, No. 1 on the platform, had publicly stated that Twitter would never provide its internal data to Elon Musk. But apparently he has changed his mind in the meantime.
Many had accused Elon Musk of using the bot matter as a pretext, intending to blow the deal without paying the fine ($1 billion, which could be followed by a more serious legal dispute), or renegotiating the offer. and buy the social network by paying less. Now the entrepreneur has his back against the wall and is forced to fulfill his contractual obligation. Sure, as long as the data doesn’t prove him right, but at the moment it seems unlikely.
Source: Lega Nerd
