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Elon Musk accused Twitter of hiding information and…

  • June 6, 2022
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Elon Musk, founder of electric car company Tesla and aerospace company SpaceX, has threatened to withdraw an offer to buy Twitter after the social network failed to provide

Elon Musk accused Twitter of hiding information and…
Twitter Elon Musk

Elon Musk, founder of electric car company Tesla and aerospace company SpaceX, has threatened to withdraw an offer to buy Twitter after the social network failed to provide data on fake accounts, according to an undisclosed document by stock officials on Monday.

In a letter to Twitter’s chief legal officer.net, Twitter said there was “a flagrant breach of its obligations under the merger agreement and that Mr. Musk reserves the right not to complete the transaction and terminate the merger agreement”.

The text was published on the site of the US stock market authority SEC.

The world’s richest man has repeatedly questioned Twitter’s data on fake accounts and measures taken after he made an offer to buy the social network for $44,000 million in April after buying more than 9% of the company’s capital. limits their reproduction.

According to the company, fake accounts represent less than 5% of those registered.

“Twitter’s latest proposal to simply provide additional details on test methods (details submitted) through written documentation or verbal descriptions is to reject Mr Musk’s requests for data,” the letter states.

According to the text, Musk needs more information to prepare the transition and finalize the launch of the operation.

Twitter head Parag Agrawal said in mid-May that the figures were “based on multiple human analysis of randomly selected accounts.”

Musk responded to these statements with an emoji in the form of a stool. “How do advertisers know what they’re actually paying for?” she asked. Chirp. “This is a fundamental question for Twitter’s health,” he added.

This new chapter in the Medyatik Twitter buyout operation comes on Friday after the deadline for US competition authorities to launch an investigation into the operation has expired, but that leaves the space open for action to be taken. Location.

At 2:25 GMT (9:25 p.m. in Peru), Twitter shares were down almost 3.9% on Wall Street.

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Source: El Nacional

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