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Elon Musk says Twitter deal could go forward once user data confirmed
Elon Musk’s deal to buy Twitter may still go ahead, if the details on the social media platform’s actual user accounts can be confirmed.
Musk wants to know how many are ‘spam bots’ and how many are real people.
The billionaire CEO of Tesla agreed to buy Twitter in April for $44 billion, but has been trying to back out of the deal since July, accusing Twitter of misleading his team about the true size of its user base and other problems he said amounted to fraud and breach of contract.
Twitter sued him last month to complete the acquisition and Musk countersued.
The two sides are headed to a trial in October in a Delaware court.
Good summary of the problem.
If Twitter simply provides their method of sampling 100 accounts and how they’re confirmed to be real, the deal should proceed on original terms.
However, if it turns out that their SEC filings are materially false, then it should not.
— Elon Musk (@elonmusk) August 6, 2022
