Is Elon Musk serious about buying Twitter? The concern arises because the wealthy South African has been on a roller coaster since announcing his purchase of the social media platform at the end of April. Even more chilling is the recent remark from Tesla's CEO.
The billionaire has threatened to back out of his buyout deal. He does, in fact, challenge the network's data on spam and fraudulent accounts sent to the Blue Bird. For example, all accounts are created and managed by fraudulent people or trolls (create manufactured controversy).
According to Elon Musk, Twitter would "actively" reject requests for information on bots (robots) and spam, according to a recent stock market document that he sees as a blatant breach of the social network's commitments in the context of its takeover offer.
Elon Musk has been placed on hold.
As a result, in a letter to Twitter's chief legal officer, "Elon Musk reserves all resulting rights, including his right not to finalize the deal and his right to terminate the merger agreement."
"Twitter's recent offer to merely disclose additional details about its testing methodology, whether in written documents or verbal explanations, is similar to refuting Elon Musk's data assertions. «
However, the social media platform defends itself. In mid-May, Twitter's Parag Agrawal detailed the steps the company was taking to combat fraudulent accounts. He claims that less than 5% of the accounts on the platform are bogus. This clearly did not persuade Elon Musk. He questioned the accuracy of the material. He had tweeted, "How can advertisers know what they are really paying?"
The takeover of Twitter is still going on.
The procedure is still being carried out. The takeover was judged to be legal by the American competition authorities. Would Elon Musk's strategy entail decreasing the network's worth in order to repurchase it at a lesser price?
Keep in mind that the US is proposing 44 billion dollars to purchase the network. In April, it was certainly offering $54.20 per share. To watch how this may develop in the future, based on each other's statements. With roughly 97 million customers on the network, Space X's CEO wields considerable communicative power.
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