Twitter’s board of directors approved Elon Musk’s request for internal company data to dispel his doubts about the number of fake accounts on the platform, according to the Washington Post.
In a white paper submitted Monday to the stock exchange, Tesla’s CEO threatened to withdraw his offer to take over the platform, which he sees as “actively resisting” his requests for information about fake accounts and spam, which the company denied.
And an article published by an American newspaper said that the Twitter board of directors should provide the billionaire with “a stream of data, including about 500 million tweets posted on the platform daily,” possibly starting this week.
The Washington Post cites an unnamed source familiar with the negotiations.
Elon Musk made an offer to buy the social network for $44 billion in April after several events, from his purchase of shares in the company, which surprised its shareholders, to the posting of several critical tweets on the platform.
In mid-May, Musk announced the suspension of a previous board agreement (before reaffirming his intention to buy the platform), questioning the validity of Twitter’s spam and fake account data and the measures it had taken to curb its distribution.
According to Bloomberg, a lawyer for the San Francisco-based company told employees the deal was still ongoing and that a shareholder vote to approve Musk’s acquisition of the platform would take place in late July or early August, Bloomberg reported.
The contract of sale obliges the entrepreneur to complete the transaction, unless he can prove that the social network has deceived him or that a significant event has changed its value.
Both parties pledged to pay compensation in the event of termination of the contract of one of them in the amount of one billion dollars under certain circumstances.
Twitter reports that fake accounts and spam account for less than 5% of all registered accounts.
But Musk believes that the methodology adopted by the platform is “not appropriate” and that he should do his own “analysis”.
Source: El Nashra