Kasturi has hinted that he may walk away from the Twitter deal with Bot
Top line
In a letter Monday morning from the company’s Securities and Exchange Commission to Elon Musk, Musk warned that he would not accept his deal for the $ 44 billion Twitter account. He also accused Twitter of violating their consolidation agreement by refusing to do an external analysis of the amount of their accounts.
Elon Musk took part in the May 2022 Met Gala.
Here is some basic information
In a letter addressed to Twitter’s top lawyer, Vijaya Gadde, Musk’s lawyers argued for the billionaire that he needed more information about the “bot” ‘s presence on Twitter – otherwise Musk reserves the right to “not complete the transaction and terminate the merger agreement.”
Shares of Twitter fell 4.1% to $ 38.55 in Monday morning’s trading.
Twitter did not immediately respond SME‘Request for comment.
Original background
Monday’s letter was the latest in a series of deadly bot threats. Musk wrote on Twitter a few weeks after accepting Twitter’s invitation to personalize the company. Tweet His deal to buy Twitter on May 13 was “temporarily suspended” and he was skeptical of the company’s estimates of how many bots there were on the site, although Musk said at the time that he was “committed to the acquisition”. Twitter CEO Parag Agarwal said on May 16 Tweet The company does not believe that an external analysis is possible, for which Mask responded with a pop emoji. According to Forbes, Musk has the most resources in the world. SME‘Account, valued at $ 221.6 billion.
Large numbers
This is less than 5%. According to the company’s SEC filing last month, this is the proportion of Twitter accounts that are fake or spam.
Important Quote
“At the moment, Mr. Musk believes that Twitter is explicitly refusing to comply with its obligations under the merger agreement, which further raises suspicions that the company is withholding requested data due to concerns about what Mr. Musk’s own analysis of that data will be.” Unveiling, ”the letter said.
The main critic
Dan Ives, Wadebush analyst Tweet Monday’s letter is the latest evidence that Musk “seeks to withdraw from the deal,” echoing earlier analysis that the billionaire is using the issue as a way to get back into his proposal.
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Kasturi responds to Twitter statement that external bot analysis (emoji) is impossibleSME)
Elon Musk’s bot problem on Twitter is great (The Wall Street Journal)
