As the war rages between Elon Musk and Twitter, Business Insider reveals this Wednesday, July 13, that faced with accusations made by the billionaire on the supposed lack of information provided by Twitter as to the number of fake accounts in activity on the platform, the social network claims to have “bent over backwards” to provide the boss of Tesla the requested information. Worse still, the social network accuses Elon Musk of not having deigned to read the reports sent to him.
Twitter claimed that in a June 30 meeting with the platform’s chief financial officer, Ned Segal, Elon Musk admitted to not reading a report sent to him the previous month detailing how the company detects the number of bots powering fake accounts on its platform.
“Ned Segal offered Elon Musk to review the report detailing the security measures taken by Twitter to identify bots feeding fake accounts on the platform,” says Twitter, which also specifies that it has provided extensive information on the subject of fake accounts. to the advisers of the boss of Tesla.
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An excuse to withdraw
However, according to the social network, “this meeting never took place despite multiple invitations from Twitter”. The platform goes further by accusing Elon Musk of using the argument of fake accounts as a pretext to withdraw his purchase offer. Twitter also claims that Elon Musk retracted following Tesla’s poor results in 2022.
Twitter has repeated in recent weeks that the number of fake accounts on its platform is less than 5%. The multi-billionaire and his team believe that the network is lying and that this affects the viability of his business – and therefore the value of the company.
Elon Musk said Friday, July 8, that he refused to buy the social network, accusing the company of having provided “false and misleading” data on the number of false or dormant accounts. The social network denounces an “invalid and unjustified” decision.
In response, Twitter began legal proceedings on Tuesday, July 12, against Elon Musk to force the latter to keep his commitment to buy the social network according to the terms agreed at the end of April, which valued the Californian group at 44 billion dollars.
A judge from a court specializing in business law, in the State of Delaware, in the United States, will be responsible for determining whether or not the boss of Tesla can terminate the acquisition agreement which provides for Billion dollar severance pay.
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