February 24, 2024

The Queens County Citizen

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Elon Musk challenged Twitter to prove the proportion of fake accounts

Elon Musk challenged Twitter to prove the proportion of fake accounts

Elon Musk challenged the Twitter boss on Saturday to publicly discuss and prove the proportion of fake accounts on the social network, a point of disagreement that prompted the American multi-billionaire to withdraw his takeover offer, sparking a legal battle.

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Elon Musk tweeted on Saturday that “if Twitter provides a policy of sampling only 100 accounts and how they turned out to be real, the deal should continue under the original terms.”

“However, if that turns out to be their filing with the SEC [régulateur boursier américain] Actually lie, this is not the case,” he warned.

Elon Musk signed a $44 billion deal to buy the social network and unilaterally broke it off in early July.

He also believes that Twitter lied about the ratio of automated accounts to spam on its platform, and that the social network “cheated” by voluntarily increasing the number of monetized accounts.

“I challenge Parag Agarwal [directeur général de Twitter] To publicly discuss the percentage of fake accounts on Twitter,” the eccentric Tesla boss also tweeted.

“Let’s prove to people that the number of fake or spammy daily users on Twitter is less than 5%,” he added.

Now the legal battle is going on. The trial opens Oct. 17 before the Delaware Court of Chancery, which specializes in business law, and will last five days.

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Twitter actually sued the richest man on the planet to force him to honor his promise to buy. The latter counterattacked before the same court with a request to the court to release him from the contract and order Twitter to pay damages.

Until the trial, Twitter’s shareholders will meet on September 13 to approve or allow this acquisition, which represents significant additional value for shareholders.

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