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    HomePoliticsWorldElon Musk Observes Twitter's Bizarre Refusal, Putting the Whole Deal on the...

    Elon Musk Observes Twitter’s Bizarre Refusal, Putting the Whole Deal on the Line

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    Elon Musk’s attorney claims in a new letter that Twitter’s refusal to disclose the number of fake accounts on its platform could jeopardize Musk’s acquisition of the internet giant.

    The filing with the Securities and Exchange Commission is part of a long-running dispute between Twitter, which claims less than 5 percent of its accounts are fake, and Musk, who claims the number is much higher and has suggested 20 percent.

    “Twitter has, in fact, refused to provide the information that Mr. Musk has repeatedly requested since May 9, 2022 to facilitate his evaluation of spam and fake accounts on the company’s platform,” Musk’s attorney, Mike Ringler, stated in a Monday letter to Twitter’s chief legal officer, Vijaya Gadde.

    “Twitter’s latest offer to simply provide additional details regarding the company’s own testing methodologies, whether in the form of written materials or verbal explanations, is equivalent to denying Mr. Musk’s data requests. Twitter’s effort to characterize it otherwise is merely an attempt to obfuscate and confuse the issue. Mr. Musk has made it clear that he does not think the company’s lax testing procedures are sufficient, so he must perform his own analysis. The data he has requested is necessary to do so.”

    More on this story via The Western Journal:

    The letter said that if the company will not live up to the terms of the deal, Musk is free to walk away from it.

    “As noted, under various terms of the merger agreement, Twitter is required to provide data and information that Mr. Musk requests in connection with the consummation of the transaction. Twitter’s obligations to provide Mr. Musk with information is not, as the company’s June 1 letter suggests, limited to a ‘very specific purpose: facilitating the closing of the transaction,’” the letter said.

    “As Twitter’s prospective owner, Mr. Musk is clearly entitled to the requested data to enable him to prepare for transitioning Twitter’s business to his ownership and to facilitate his transaction financing. To do both, he must have a complete and accurate understanding of the very core of Twitter’s business model — its active user base,” the letter said.

    The letter said Twitter was trying to hide unpleasant facts. Read more here…

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