Elon Musk challenges Twitter CEO Parag Agrawal in bot debate

Billionaire Cindy Elon Musk’s provocation on Twitter has sparked CEO Parag Agrawal into a “public debate” over fake accounts and spam amid a bitter legal battle over a $44 billion takeover.

Musk made an offer to Securities and Exchange to take over Twitter in April this year. After the companies agreed to conduct a private acquisition, Musk said he stopped the acquisition and accused Twitter of providing false data, including in SEC filings, regarding the number of monetized daily active users and the number of users. Spam and bot accounts on social networks.

Twitter then sued Musk in a Delaware court to enforce the deal as promised, and on July 29, Musk counterclaimed there.

In a series of tweets that Musk began posting shortly before 1:00 a.m. on Saturday, August 6, communication with Musk’s fans summarized his accusations against Twitter, including shutting down and resetting it, “stale data” and “false data set” when he asked for the company provide mDAU scheduling details and scoring for spam and bot accounts.

The CEO of Tesla and SpaceX wrote a good summary of the problem. If Twitter had simply provided a method for sampling 100 accounts and how they were verified as real, the deal would have to continue on the original terms. However, if their SEC filings turn out to be false in substance, they should not do so.

Shortly before nine o’clock Saturday morning, a poll on Twitter began asking his followers to vote on whether[l]es More than 5% of Twitter users per day are fake/spam. Participants in the informal poll can choose one of Musk’s answers, which read either “yes” followed by three robot emojis, or “Lmaoooo no” (the colloquial abbreviation for “lmao” means “laugh at my voice.”)

As Musk tweeted on Saturday morning, “I’m here to challenge Embed Tweet For a general discussion of the bot ratio on Twitter. Let this prove to the public that Twitter has less than 5% fake users or spam per day! ”

A source close to the company says the debate will not take place outside of the ongoing litigation.

Musk’s lawyers did not respond to requests for comment on Saturday, and a Twitter lawyer declined to comment on Musk’s tweets on Saturday.

Twitter lawyers argued in court filings that Musk only gave the company twenty-four hours to accept his offer before presenting it directly to Twitter shareholders, forgoing due diligence, including the ability to obtain further information about fake accounts or spam.

In court documents, they wrote, “Musk’s repeated misinterpretation of the merger agreement cannot change his mere words.”

At Tesla’s Aug. 4 annual shareholder meeting, Musk was asked to tweet during a Q&A session that followed the proxy vote.

he said to the audience’s laughter, “Obviously I have to be a little careful what I say on Twitter because there’s this suit and all.” He indicated that the only traded shares he owns are Tesla and Twitter.

He then said that he still wants to own the social network, in stark contrast to the arguments put forward by Musk through his lawyers in Delaware court papers, in which Musk argues that he should not go ahead with the deal.

At Tesla’s 2022 shareholder meeting, Musk said, “I think in the case of Twitter, because I use it a lot, I shoot myself in the foot a lot, you know, dig my own grave, etc. I think – I understand very well product, well, so I think I have a good idea of ​​where the engineering team should go to Twitter to radically improve it.

He added that Twitter “will help accelerate the realization of a ‘very big vision’ which was to create a project that he had in mind since his early years of technology entrepreneurship, or X Corporation.”

He said: “Obviously this can be started from scratch, but I think Twitter will help accelerate this in three to five years. So this is what I thought would be very useful for a long time. I know what to do with it. It shouldn’t be. You have Twitter for that, but as I said, it will probably last at least three years, and I think it will be very useful for the world. ”

Musk did not go into details during this meeting. However, the mayor’s office reportedly told him at a meeting with Twitter employees in June this year that he wants to grow Twitter’s user base to 1 billion people and sees Twitter as a platform that can scale to an application like China’s WeChat. a “super app” integrating everything from messaging, video and social networking to mobile phones and point-of-sale payments with a powerful application system.

If they don’t come to an agreement first, Twitter and Musk will head to a five-day Delaware trial beginning October 17. The judge deciding the case is Chancellor Catalyn St. Jay McCormick.

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