Elon Musk has threatened to walk away from the deal over Twitter’s spam bots.
FOX: Tesla and SpaceX CEO Elon Musk’s $44 billion deal to purchase Twitter maybe in serious jeopardy, according to a Thursday report.
People familiar with the proceedings told The Washington Post that Musk’s team has stopped having discussions about funding. Shares of Twitter were down more than 4% in premarket trading.
Musk’s team in recent weeks has tussled with the social media platform over “spam bots” and has threatened to walk away from the deal if the company can’t show that less than 5% of its daily active users are automated spam accounts.
Musk has argued that Twitter has significantly underestimated the number of these “spam bots” on its service. Last month, Twitter offered Musk access to its “firehose” of raw data on hundreds of millions of daily tweets, according to multiple reports at the time, though neither the company nor Musk confirmed this. more here
Buy or not, I LOVE what Mr Musk is doing to Twatter.
When people can’t afford their internet services or their iPhones anymore, Twatter will be the least of anybody’s worries.
Buy it and fix it, or shut up about it.
“People familiar with the proceedings told The Washington Post…”
Tell me when there is actual news. This is Ferris Bueller level.
It’s pretty obvious that Elon Musk has no intention of buying Twitter and has instead been using the purchase process to pry out secrets and expose Twitter in ways that would be impossible under ordinary circumstances, such as investigative journalism. This is costly and time-consuming but it’s the only way, Musk is a brilliant disruptor, and what he’s doing is admirable.
Pry out secrets? To most of us this matters how? Most people don’t care, much bigger problems than this or this story. Meanwhile Truth Social is taking more of a beating than Twitter.