Elon Musk on Saturday called on the Twitter boss to publicly discuss and prove the proportion of fake accounts on the social network.
From the Editor
FROM“If Twitter is just providing its method of sampling 100 accounts and how they are recognized as real, the deal should continue under the original terms,” Elon Musk tweeted on Saturday. The share of fake accounts online is the subject of a controversy put forward by an American multi-billionaire to withdraw his offer to buy, thereby starting a legal battle.
“However, if it turns out that their statements to the SEC (the US stock market regulator) are false in essence, this cannot be,” he warned.
Elon Musk signed a $44 billion deal to buy the social network before unilaterally tearing it up in early July. He believes that Twitter lied about the proportion of automated and spam accounts on its platform, and even claims that the social network “cheated” by deliberately increasing the number of monetized accounts.
Elon Musk’s takeover of Twitter is far from over
Judgment October 17th.
“I urge Parag Agrawal (Twitter CEO) to publicly discuss the percentage of fake Twitter accounts,” the quirky Tesla boss also tweeted. “Let this prove to the public that there are less than 5% of fake or unwanted users on Twitter every day,” he added.
Now there is a lawsuit. The trial is due to begin October 17 in the Delaware Court of Chancery, a court specializing in commercial law, and will last five days.
Twitter has indeed sued the richest man on the planet to make him keep his promise. The latter counterattacked the same court with a complaint asking the court to release him from the agreement and order Twitter to pay him damages.
Previously, Twitter shareholders will meet on September 13 to decide whether or not to allow this acquisition, which will represent a significant added value for shareholders.
Elon Musk, the limitless ambition of an optimist