Free speech absolutist Elon Musk proposed a simple solution to the current stalemate between him and Twitter related to his $44 billion buyout offer for the social media company that would allow them to very simply confirm their claims that less than 5 percent of accounts on the site are fake.
“If Twitter simply provides their method of sampling 100 accounts and how they’re confirmed to be real, the deal should proceed on original terms,” Musk said on Saturday in response to a cybersecurity specialist on Twitter who outlined the problem he believed the Tesla founder was having to obtain the proper data.
“However, if it turns out that their SEC filings are materially false, then it should not,” he added.
Andrea Stroppa noted that “when @elonmusk requested more information about spam and fake accounts; Twitter provided a vague response,” and noted that the first set of data was outdated, the next was fake, and the latest had been cleansed to be rid of the “malicious accounts.”
Good summary of the problem.
If Twitter simply provides their method of sampling 100 accounts and how they’re confirmed to be real, the deal should proceed on original terms.
However, if it turns out that their SEC filings are materially false, then it should not.
— Elon Musk (@elonmusk) August 6, 2022
Later on Saturday, Musk polled Twitter users to see how many agreed with the statement that “Less than 5% of Twitter daily users are fake/spam.”
As of publication time, 32.7 percent of the 289,360 responses were “Yes,” which only raises questions about how many of those responses were actually made by bot accounts trying to cover their tracks.
Less than 5% of Twitter daily users are fake/spam
— Elon Musk (@elonmusk) August 6, 2022
Twitter and Musk are slated to face off in trial in October in a Delaware court over Musk backing out of the deal due to the lack of transparency related to the estimated number of bot accounts operating on the site.
Twitter initially filed a lawsuit against Musk in July for backing out of the deal and not following the terms of the original agreement.
“Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests,” the court filing said, adding, “Musk apparently believes that he…is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away.”
Jeanine Pirro believes Elon Musk will acquire Twitter ‘for a lot less’ than what he offered https://t.co/xDdihV9G6p pic.twitter.com/sPPmg60ecX
— Conservative News (@BIZPACReview) July 12, 2022
Late last month, Musk filed a 164-page countersuit that quoted business mogul Warren Buffet.
“Only when the tide goes out do you discover who’s been swimming naked,” Musk’s court documents read.
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