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Elon Musk says Twitter deal could move ahead with ‘bot’ info – Pittsburgh, Pennsylvania

Pittsburgh, Pennsylvania 2022-08-06 11:40:00 –

Elon Musk said Saturday that he plans to buy Twitter for $44 billion if the company can confirm details about how the company measures whether user accounts are “spam bots” or real people. said it should move forward. An April agreement to acquire the social media company led to Twitter suing him last month to complete the acquisition. Musk countersued, accusing Twitter of misleading the team about the true size of his user base and other issues, and accusing Musk of having problems amounting to fraud and breach of contract. did. Given how we sampled 100 accounts and verified their authenticity, the deal should go ahead on its original terms,” ​​Musk tweeted earlier Saturday. “But if their filing with the SEC turns out to be materially false, it shouldn’t. Musk has repeatedly disclosed an estimate of 50%, and disclaims that it could be higher.Musk waived its right to further due diligence when it signed the merger agreement in April. In court documents filed against him, his counterclaim was described as a fictitious story “against evidence and common sense.” of those alleged representations,” the company’s attorneys wrote.

Elon Musk said Saturday that he plans to buy Twitter for $44 billion if the company can confirm details about how the company measures whether user accounts are “spambots” or real people. He said we should move forward.

The billionaire and Tesla CEO is trying to back out of an April agreement to buy the social media company, and Twitter sued him last month to complete the deal. Musk countersued, accusing Twitter of misleading the team about the true size of its user base, and said the other issues amounted to fraud and breach of contract.

Both sides are headed for October trial in Delaware courts.

“If Twitter just provides a way to sample 100 accounts and verify they’re real, the deal should go ahead on its original terms,” ​​Musk tweeted. If the filings of are found to be materially false, it shouldn’t be.”

Twitter declined to comment on Saturday. The company has repeatedly disclosed to the Securities and Exchange Commission its estimates that less than 5% of his accounts are fake or spam, and as a disclaimer, it could be higher. is. When Musk signed the merger agreement in April, he waived his right to further due diligence.

Twitter argued in court that Musk was deliberately trying to undermine the deal because market conditions had deteriorated and the acquisition was no longer serving his interests. describes it as a fictitious story that “defies evidence and common sense.”

The firm’s attorneys said, “Musk invented statements Twitter never made and selectively utilized extensive classified data Twitter provided him with to remind himself of the violations of those alleged statements. I am trying,” he wrote.

Elon Musk says Twitter deal could move ahead with ‘bot’ info Source link Elon Musk says Twitter deal could move ahead with ‘bot’ info

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