Musk: Deal Moves Forward If Twitter Provides Proof of Real Accounts

August 6th, 2022 4:06 PM

Tesla CEO Elon Musk tweeted early Saturday that his deal to purchase Twitter for $44 billion will go through if the company backs up its claims about its number of spam accounts.

Musk's prediction came in response to a tweet from data analyst Andrea Stroppa: “When @elonmusk requested more information about spam and fake accounts; Twitter provided a vague response. Then provided outdated data. Then offered a fake data set (not real 'firehose'). Then provided a cleaned data set where they already suspended the malicious accounts.” 

Musk then chimed in to share what his team required from Twitter to make the deal go through.

“Good summary of the problem,” he said. “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.”

He then responded to a question from a user asking whether the Securities Exchange Commission (SEC) was probing into the company’s accounts: “Good question, why aren’t they?”

The comments come after a report from Insider that said Musk’s 146-page countersuit has claimed Twitter misrepresented the number of spam accounts.

Insider’s report said the countersuit claimed that Twitter’s lawsuit to enforce the deal is "filled with personal attacks against Musk and gaudy rhetoric more directed at a media audience than this court" and "is nothing more than an attempt to distract from these misrepresentations."

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