2 ms·
IIRC he tried to back out of the deal under the premise that twitter over-represented its value by under-reporting bots. He stated something like he wanted proo
by seadan83 2y ago
IIRC he tried to back out of the deal under the premise that twitter over-represented its value by under-reporting bots. He stated something like he wanted proof of non-bot users before proceeding. When taken to court, the judge ruled he could get more info from twitter. I don't remember what came next, I think elon quietly dropped the point and the next set of rulings held him to the already signed purchase agreement.
Citations:
"Elon Musk says Twitter deal 'cannot move forward' until he has clarity on fake account numbers" [1]
"Musk was seeking information on essentially all of Twitter's account reviews and actions. Judge McCormick dubbed that request "absurdly broad," noting Twitter has already agreed to produce a "tremendous amount information.""[2]
[1] https://www.google.com/amp/s/www.cnbc.com/amp/2022/05/17/elon-musk-says-twitter-deal-cannot-move-forward-until-he-has-clarity-on-bot-numbers.html https://www.google.com/amp/s/www.cnbc.com/amp/2022/05/17/elo...
[2]
https://www.businessinsider.com/elon-musk-scores-half-win-absurdly-broad-twitter-legal-request-2022-8 https://www.businessinsider.com/elon-musk-scores-half-win-ab...