Twitter’s board of directors finally gave in to Elon Musk’s request, according to an article by the washington post posted Wednesday, June 8. The social network now plans to give the multi-billionaire access to the mountains of data needed to answer his questions about the number of fake accounts.
On Monday, the boss of Tesla threatened in an official document to withdraw his offer to acquire the social network which, according to him, “actively resist” to its requests for information about spam and bot accounts, which the platform denied.
But the California group’s board is expected to provide Mr. Musk “a flood of data comprising the approximately 500 million tweets published each day”, perhaps as early as this week, according to the American daily. the washington post bases this information on an anonymous source familiar with the negotiations. Contacted by Agence France-Presse, Twitter declined to comment.
In April, Mr. Musk filed an offer to buy Twitter for 44 billion dollars (41 billion euros), after many twists and very critical messages from the social network.
In mid-May, he announced that he was suspending the agreement with the board of directors – before reaffirming his intention to buy the platform –, expressing his doubts about the data transmitted by Twitter on spam and emails. false accounts, as well as the measures taken to limit their proliferation.
The buyout agreement obliges the entrepreneur to complete the transaction, unless he can prove that the social network cheated him or that a major event changes his value. Both parties have agreed to pay a severance fee of up to $1 billion in certain circumstances.
Twitter estimates that the number of fake accounts and spam on the social network represents less than 5% of its daily active users. But Mr. Musk says the methodology employed by the platform is not “adequate” and that he must carry out his “own analysis”.
If the board of directors gives him access to all the information, “this will end this major impasse”commented analyst Dan Ives on Twitter.
On the New York Stock Exchange, Twitter’s stock hovered around $40 on Wednesday, a far cry from the price of $54.20 offered by the world’s richest man in April.