The entrepreneur claims in a stock document released Monday that Twitter is “actively resisting” his requests for information about bots and spam.
Elon Musk claims in a stock document released Monday that Twitter is “actively resisting” his requests for information about spam and fake accounts, which he sees as a clear violation of the social network’s obligations under its takeover offer.
“Elon Musk reserves all resulting rights, including his right not to consummate the transaction and his right to terminate the merger agreement,” it is written in a letter addressed to the legal head of Twitter released on the website of the U.S. Securities and Exchange Commission (SEC). After submitting an offer in April to buy the social network for $ 44 billion, the multi-billionaire owner of Tesla has repeatedly questioned the data provided by Twitter on spam and fake accounts and the measures taken to limit their proliferation.
Need for more information
According to Twitter, these represent less than 5% of registered accounts. “Twitter’s latest offer to simply provide additional details about its testing methodologies, whether through written documents or verbal explanations, is tantamount to refusing the data requests put forward by Elon Musk,” it says in the letter. It also states that the entrepreneur needs more information to prepare the transition and finalize the financing of the operation.