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Elon Musk accuses Twitter of withholding information and evokes a possible withdrawal of his offer

2022-06-06T14:40:40.144Z


The entrepreneur claims in a stock market filing on Monday that Twitter is "actively resisting" its requests for information about bots and spam.


Elon Musk claims in a stock filing released on Monday that Twitter is "

actively resisting

" its requests for information about spam and fake accounts, which he sees as a clear violation of the social network's obligations under its offer to redemption.

Read alsoAmerican associations want to prevent Elon Musk from buying Twitter

"

Elon Musk reserves all resulting rights, including his right not to consummate the transaction and his right to terminate the merger agreement

," reads a letter to Twitter's chief legal officer posted on the site. from the US Securities and Exchange Commission (SEC).

After filing an offer to buy the social network for 44 billion dollars in April, the multi-billionaire boss of Tesla has repeatedly questioned the data transmitted by Twitter on spam and fake accounts and the measures taken to limit proliferation.

Need more information

According to Twitter, these account for less than 5% of registered accounts.

"

Twitter's latest offer to simply provide additional details relating to its testing methodologies, whether through written documents or verbal explanations, is tantamount to denying Elon Musk's claims for data

." written in the letter.

However, it is also affirmed, the entrepreneur needs more information to prepare the transition and finalize the financing of the operation.

After previous criticisms of Elon Musk, the boss of the social network Parag Agrawal had split mid-May of a long explanation on the measures taken to fight against fake accounts.

Parag Agrawal had notably indicated that Twitter's figures, according to which less than 5% of the platform's accounts are fake, were "

based on multiple reproductions of human analyzes of accounts, which are randomly selected

".

The whimsical entrepreneur had responded to these explanations with an emoji in the shape of poop.

How can advertisers know what they are really paying?

“, he had also tweeted.

This is a fundamental question for the financial health of Twitter.

»

Read alsoThe American stock market policeman asked Elon Musk for explanations on his rise in the capital of Twitter

This new episode in the saga of the takeover of Twitter comes after the expiration, Friday, of the deadline granted to the American competition authorities to launch a thorough examination of the operation.

They did not take up the file, thus leaving the field open to continue finalizing the transaction.

Source: lefigaro

All news articles on 2022-06-06

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