Elon Musk Threatens To Withdraw Twitter Bid – Accuses Them Of Withholding Data
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Elon Musk is not backing down to Twitter.
Musk sent a letter to Twitter Chief Legal Officer Vijaya Gadde accusing Twitter of withholding data on the number of bots and fake accounts.
JUST IN – Elon Musk says may withdraw Twitter takeover bid, accuses the platform of "material breach" for withholding data.
— Disclose.tv (@disclosetv) June 6, 2022
Elon Musk has accused Twitter of “resisting and thwarting” his inquiries about how many fake, or bot accounts are currently on the Twitter platform. Musk has been trying to get this information since his acquisition process for the platform began.
Musk has reportedly called Twitter’s unwillingness to provide the information a “clear material breach” to the terms of the agreement that is still under negotiation. As a result, Musk is reserving his right to not complete the transaction.
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He said further that Twitter must provide the information that is being requested, and that the merger agreement requires it. Ringler disputed Twitter’s claim that they are not responsible to give that data in order to close the deal.
Despite Twitter claiming only 5% of its users are bots an estimate put the real percteage at between 10-15%:
NEW – Bot Sentinel, a platform that monitors millions of Twitter accounts, estimates that 10-15% of all accounts on Twitter are inauthentic.
— Disclose.tv (@disclosetv) May 14, 2022
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