Elon Musk threatens to back out of Twitter deal over bot estimates
to claim Twitter is committing a"material breach" of merger terms by allegedly refusing to disclose enough information about bot spam and fake account data. The social network's offer to provide additional info on its testing methods for bogus accounts is both inadequate and an attempt to"obfuscate and confuse" the situation, the Tesla chief said. In other words, he's concerned Twitter is trying to hide the true scope of its bot problem.
We've asked Twitter for comment. The company has routinely claimed that bots and fake accounts represent less than five percent of daily users, but hasn't shared significantly more detail. Musk put his purchase"temporarily on hold" in mid-May as he sought to confirm that figure. This isn't the only obstacle Musk's bid faces. Regulators in the European Union, for instance, have warned that the entrepreneur will still have toregardless of his desire to loosen Twitter's policies. If Musk and Twitter remain at odds over bot data, however, the $44 billion purchase could fall apart before it's even finalized.
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