Elon Musk has threatened to pull out of the $ 44 billion deal for Twitter, saying the company refused to give him information about his fake accounts.
So Twitter is now Mr. Musk reaches for most of his data, possibly to his last tweet.
The social media company has agreed to allow Shree. Kasturi has direct access to his “firehouse”, which receives billions of tweets flowing daily from the company’s network, according to a person familiar with the decision. What Mr. It is unknown at this time what he will do after leaving the post.
Mr. will provide information. Musk Tools to find out how many accounts on Twitter’s platform can be fake. But that probably won’t help him conclude on Twitter that 5 percent of his active accounts are fake, as the company uses proprietary data and a different method associated with human analysis to reach those figures. Mr. Musk said he did not believe only 5 percent of Twitter’s active accounts were fake.
Twitter’s move could make it more difficult for Mr. Musk to end the deal. On Monday, his lawyers sent a letter to the company, accusing it of stoning him in an attempt to obtain information needed to close the deal. For weeks, Mr. Musk has also tweeted increasingly thorny comments about fake Twitter accounts, which serve as the basis for renegotiating or withdrawing from the agreement.
Mr. Musk agreed to buy Twitter in April for 54.20 a share. If the deal falls apart, there is a 1 billion breakup fee. But the agreement includes a “special performance clause” that gives Twitter the right to sue and force it to complete or pay off the transaction, as long as the debt it owes remains intact.
One Twitter does less to comment on Mr. Giving. Musk access to the stream of tweets, but refers to the previous statement.
“Twitter shares information with Mr. and will continue to do so. Musk will complete the transaction in accordance with the terms of the merger agreement, “Twitter said. “We believe that this agreement is in the best interests of all shareholders. We intend to close the transaction and implement the merger agreement on agreed terms and conditions. “
Mr. Musk did not immediately respond to a request for comment. The Washington Post previously reported on Twitter about gaining access to the firehouse.
A company often shares confidential data with its acquirer as part of a transaction and the parameters surrounding data sharing are negotiated before signing any deal. But Mr. Musk gave up due diligence when he agreed to buy the social media company, and Twitter began sharing confidential information with him last month.
How Elon Musk’s Twitter deal opened
A blockbuster deal. Elon Musk, the world’s richest man, has narrowed down an unlikely attempt by a famous billionaire to buy Twitter for about $ 44 billion. Here’s how the deal unfolded:
One of Twitter’s concerns about information sharing is Mr. Musk’s earlier statements, both publicly and to the company, that he was considering launching a rival social media service, The New York Times reported. Generally, such matters are addressed by limiting those who will have access to such information.
Mr. Musk said he would make sure the reviewers of the confidential data provided by Twitter were bound by any non-disclosure agreement. He also said he would not retain or share sensitive information about Twitter if the deal breaks down.
Twitter estimates that 5 percent of its “monetized daily active users” are fake. In April, the company reported that it had 229 million monetized daily active users.
Once Mr. Musk has access to a stream of Twitter tweets that could require a team of experts to analyze the data, as well as computing capacity to process and store huge amounts of information, company insiders said.