Elon Musk May Refuse to Buy Twitter Due to the Company Hiding Data About Spam Accounts
Billionaire and businessman Elon Musk has asked Twitter executives to provide more data on fake accounts on the platform, according to a letter on the website of the US Securities and Exchange Commission.
According to lawyer Mike Ringler, Twitter refused to hand over information about fake accounts that Elon Musk has repeatedly requested since May 9, 2022. The lawyer noted that this information is necessary in order to facilitate the assessment of spam on the platform.
“Twitter’s latest offer to simply provide more information about the company’s own testing methodologies… is tantamount to denying the data request,” Ringler said.
According to the letter, the agreement provides for the transfer by the company of the requested data for “any reasonable business purposes related to the completion of the transaction.” According to Musk, Twitter is pulling back due to concerns about the possible outcome of an independent evaluation.
“…Mr. Musk reserves… the right not to complete the transaction and the right to terminate the merger agreement,” the letter says.
Earlier, Elon Musk said the algorithmic news feed on Twitter manipulates users, and therefore it should be switched to a chronological algorithm.
In April, Twitter accepted billionaire Elon Musk’s offer to acquire the social network for $44 billion.