Elon Musk says Twitter’s lack of information on bots breaches terms of their merger deal
- Musk has said he will not proceed with his US$44 billion takeover of Twitter unless the social media giant can provide him with the info he needs
- Twitter chief executive officer Parag Agrawal has said the number of fake accounts is less than 5 per cent when measuring daily users
Elon Musk said he believes Twitter is breaching their merger agreement by not providing information about spam and fake accounts that the billionaire has demanded.
In an amended securities filing on Monday, Musk said he believes Twitter is “actively resisting and thwarting his information rights” by refusing to disclose the information.
Last month, Musk said he wouldn’t proceed with his US$44 billion takeover of Twitter unless the social media giant can prove bots make up fewer than 5 per cent of its users.
Twitter chief executive officer Parag Agrawal has said the number of fake accounts is less than 5 per cent when measuring daily users – a figure the company has previously cited in quarterly filings.
In the filing on Monday, Musk said he does not agree with Twitter’s assessment.