Twitter is finally preparing to comply with Elon Musk’s request for fake account data after Tesla executive threatened not to buy the company if he refused. The deal could help Musk pave the way for his $44 billion acquisition of Twitter.
According to the Washington Post, the company plans to give the billionaire full access to the “fire hose.” Details of over 500 million tweets sent to the service every day. It includes data on devices and devices, as well as providing an overview of what is happening in the social network in real time. information about accounts accessing the platform.
Also read: Elon Musk humiliated on Twitter after stealing a meme from a satirical site
Why is the number of fake accounts so important to Elon Musk?
Musk reached a legally binding agreement to acquire Twitter in April. The latter, however, announced that the transaction could only take place if the company provides more information about the prevalence of fake accounts on its platform. The billionaire claimed without providing evidence: Twitter has significantly underestimated the number of these “spambots”, these automated accounts. often encourages fraud and misinformation in its service.
In the effect, Twitter announced that the number of fake accounts is around 5%. total number of users, but According to Elon Musk, this figure will be close to 20%. It is important for Elon Musk to know exactly how many fake accounts are on the platform, as he can then assess whether his offer corresponds to Twitter’s true value.
The more fake accounts there are on the platform, the lower the value of the social network will be. If Twitter had lied about this information, This could allow Elon Musk to abandon the deal and pay the $1 billion penalty for breach of contract.. However, according to Hindenburg Research, an investment firm, Musk could then make a new, smaller offering that better fits the company’s current value, thereby saving several billion dollars.
Source : Washington post