Twitter may make concessions to provide data to billionaire Elon Musk

On June 8, American media reported on social networks Twitter will give in to the billionaire’s request Elon Musk regarding the provision of internal data about fake accounts or misleading posts on the platform.

The Washington Post, New York Times and Axios website, citing unnamed sources, said that Twitter’s board of directors has decided to allow billionaire Musk to fully access the “internal data warehouse” of the social network. This association involves hundreds of millions of posts daily.

Wedbush analyst Dan Ives said the concession would help end the dispute between billionaire Musk and the Twitter board over access to data that stalled billionaire Musk’s acquisition of Twitter.

In April, billionaire Elon Musk announced a deal to “acquire” Twitter worth $44 billion at $54.2 per share. However, Elon Musk recently announced the suspension of this deal after receiving information that fake accounts on Twitter account for less than 5% of users of this social network. This number is calculated by Twitter itself and announced in early May.

Billionaire Elon Musk has warned he could pull out of a deal to take over Twitter Inc if the social network fails to provide data on fake accounts or false automated posts on the platform.

In a letter of attorney to Twitter Inc., Elon Musk stated that Twitter is in breach of its data provision obligations, so he reserves all legal rights to terminate the acquisition agreement. this social networking platform.

In early March 2022, billionaire Elon Musk announced that he had temporarily put the Twitter acquisition on a “pending” status while he waited for the company to provide data on fake accounts. According to Elon Musk’s lawyer, the billionaire believes that Twitter Inc is trying to fight and obstruct his right to information.

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