Elon Musk said on Saturday that the company provided details on how it measures whether user accounts are "spam bots" or genuine. If confirmed, he said the company would go ahead with its $44 billion acquisition of Twitter. Person
Elon Musk said Saturday thatTwitter's $44 billion acquisition plan needs to go ahead. "Spambots" or real people.
The billionaire and Tesla CEO is trying to back out of his April agreement to buy the social media company, and Twitter sued him last month to complete the deal. I was. Musk countersued, accusing Twitter of misleading the team as to the true size of its user base, and saying the other issues amounted to fraud and breach of contract.
in court he is headed to trial in October.
"If Twitter only provided a way to sample 100 accounts and verify they were real, the deal should go ahead on its original terms," Musk said Saturday. Tweeted first. "But if the SEC filing turns out to be materially false, it shouldn't."
Twitter declined to comment on Saturday. The company has repeatedly disclosed to the Securities and Exchange Commission its estimates that less than 5% of his accounts are fake or spam, and as a disclaimer, it could be higher. is. When Musk signed the merger agreement in April, he waived his right to further due diligence.
Twitter argued in court that Musk was deliberately trying to undermine the deal because market conditions had deteriorated and the acquisition was no longer serving his interests. In court filings on Thursday, he described his counterclaim as a fictitious story "against evidence and common sense."
"Musk made up statements that Twitter never made, and selectively used the vast amount of sensitive data Twitter provided to try to convince him of violations of those alleged statements. Yes,” wrote a lawyer for the company.