Twitter has agreed to meet Elon Musk’s request to see its full data stream. Musk has raised questions about false accounts and spambots on the social media site. Twitter has claimed they represent less than 5% of users, but Musk has alleged the number could be as high as 20%. In a letter to the SEC, Musk said Twitter’s misleading figures were “a clear material breach” of the merger agreement. Twitter thinks this is Musk’s motivation, to lower the sale price. But if Twitter lowers its price for Musk, some experts believe they will get sued by their own stockholders.
Key Takeaways:
- Musk has previously raised questions about the number of false accounts and spambots on Twitter.
- The company has claimed that bots and spam accounts amount to less than 5% of its members.
- If Twitter lowers its price, it may face a lawsuit from its stockholders.
“The company has previously suggested Musk was using the data requests as a way to lower the deal price or walk away from it entirely.”