Elon Musk is threatening to abandon his Twitter takeover — and has accused the social network of 'thwarting' his attempts to learn more about how many fake users it has 😬 Here's what his lawyers said in a new letter to the tech giant 👇
Elon Musk is threatening to abandon his Twitter takeover — and has accused the social network of "thwarting" his attempts to learn more about the company.
"As Twitter's prospective owner, Mr Musk is clearly entitled to the requested data to enable him to prepare for transitioning Twitter's business to his ownership and to facilitate his transaction financing. To do both, he must have a complete and accurate understanding of the very core of Twitter's business model — its active user base."
addressed to Twitter's chief legal officer Vijaya Gadde, goes on to warn that failing to disclose information about how fake users are calculated means Musk has the right to pull out of the transaction altogether.Back in the middle of May, Musk declared that he thinks the true number of fake or spam accounts on Twitter stands at 20% — four times higher than the social network's own estimates.
Musk may have to pay a $1 billion fee if he pulls out of the deal — and could also be sued — and all of this could be an attempt to create context.
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