Musk wants to pause Twitter takeover due to ambiguity about spam accounts

Elon Musk has temporarily put his Twitter takeover plans on hold because he wants more data about spambots on the platform. Musk believes that Twitter is not giving him enough information to close the deal and says that Twitter is committing a breach of contract.

The owner of Tesla and SpaceX enrolls a letter to Twitter that he wants more information from the social network about the number of spambots. Musk has been complaining on his own Twitter account for weeks that there are more spam bots and fake accounts on the platform than Twitter itself says, but the letter he is now sending is the first time he has officially asked for more information and attached consequences to it. if he doesn’t get it. “Musk believes the company is actively opposing its right to information surrounding the acquisition,” his lawyers wrote in the letter. It also states that Musk may be able to stop the acquisition deal because of the matter. Musk calls that breach of contract.

Musk announced in April that he wanted to take over Twitter for an amount of around 38 billion euros. Since then, the multi-billionaire has openly doubted the deal or threatened to stop it several times. In May, Musk already started complaining on his account about the percentage of fake accounts on the platform. Twitter itself says that less than five percent of the number of daily active users is a fake account, but Musk suspects that percentage is higher. Twitter has talked to both Musk and publicly via CEO Parag Agrawal explains how it arrives at its conclusions. Musk wants to use “his own methods” to verify how many spam accounts there are, although he does not mention a good method for doing so. He also does not specify exactly what he means by ‘fake accounts’.

Twitter says in a comment against The Verge that the company is partnering with Musk and continuing to share information with him. “We intend to proceed with the transaction and continue the partnership with the proposed price and terms,” the company said.