In a stock filing, Elon Musk claimed Monday that Twitter “actively resists his requests for information on bots and spam.” This is a clear violation by the social network’s obligations under its buyout offer.
“Elon Musk reserves all rights therefrom, including his ability not to consummate this transaction and his right terminate the merger agreement,” says a letter posted to Twitter’s chief lawyer. From the US Securities and Exchange Commission.
Tesla’s multi-billionaire CEO has repeatedly questioned data sent by Twitter about spam and fake accounts, and the security measures that were taken to prevent their proliferation. He filed an April offer to purchase the social network for $ 44 Billion.
“Twitter’s recent offer to provide additional details about its testing methods, either through written explanations or verbal explanations is tantamount denying Mr. Musk’s claims for data.” He wrote the letter. It is stated that the entrepreneur requires more information in order to complete the financing and prepare for the transition.
Parag Agrawal, boss of social network Parag Agrawal, had split mid-May after previous criticisms of Elon Musk. He gave a lengthy explanation about the steps taken to combat fake accounts. He stated that Twitter’s statistics, which indicate less than 5% of its accounts are fake, were “based upon multiple reproductions human analyses of accounts, which are randomly chosen”.
These explanations were rejected by the whimsical entrepreneur, who responded with an emoji that looked like poop. “How can advertisers find out what they really pay?” He also tweeted. “This is a fundamental question about the financial health and viability of Twitter.
The latest episode in the Twitter takeover story comes after Friday’s expiry of the deadline given to American competition authorities to conduct a thorough investigation of the operation. They didn’t seize the file and allowed the transaction to proceed.