Network ready to provide stream of daily data after world’s richest man threatened to pull out of $44bn purchase if Twitter refused
The social media company will provide the world’s richest man with access to a stream of data comprising more than 500 million tweets posted every day, according to the Washington Post. A number of companies already pay for access to the data, which includes a real-time record of tweets, the devices users tweet from and information about the accounts that tweet, the Post reported.
They said declining to present the information was a “material breach” of the deal agreement, which would allow Musk to walk away without paying the $1bn break fee written into the deal. Twitter shares rose 0.8% in afternoon trading to $40.45 following the reports, compared with the agreed deal price of $54.20 per share, indicating investor pessimism that the deal will happen even if the sharing of data could make it more difficult for Musk to terminate the deal.
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