So, it’s been a few weeks since we heard something new on the Elon Musk/Twitter takeover push. Let’s examine in and see how issues are monitoring.
Oh. Not nice.
At this time, Twitter held a briefing with reporters during which it gave extra context as to the way it polices faux and spam accounts, and removes such from the platform.
As reported by Reuters:
“Twitter removes greater than 1 million spam accounts every day, executives informed reporters in a briefing on Thursday, offering new perception into efforts to cut back dangerous automated bots as billionaire Elon Musk has demanded extra particulars from the social media firm.”
Which is the important thing context right here – Twitter is now attempting to make use of the media to negate one other anticipated pushback from Elon Musk’s crew, with regard to its claims that solely 5% of its lively customers are faux.
To recap, early final month, Musk and Co filed an official letter with the SEC during which they asserted that Twitter had breached the phrases of the takeover deal by refusing to supply extra perception into the variety of faux profiles on its platform. Twitter has lengthy reported that faux/spam accounts solely make up 5% of its lively customers determine, however Musk has loudly, and publicly, refuted this, and has known as for Twitter to supply extra proof to ensure that the deal to progress.
Twitter has since supplied Musk’s crew with its ‘full firehose’ of tweets, with a purpose to allow them to make their very own evaluation. However now, the sense is that Musk is about to push again on Twitter’s claims as soon as once more, which is why Twitter’s now wanting to make use of the media to get forward of any such transfer.
Although Twitter informed reporters that this newest disclosure has nothing to do with the Musk deal. That is simply Twitter holding individuals knowledgeable, and offering an in depth rationalization as to the way it determines that 5% determine – not so it dilutes any subsequent reporting, which can align with Musk’s view that that is false. Simply because. The 2 issues aren’t associated.
However as Platformer’s Casey Newton factors out, the sense within the business is that Musk is on the verge of launching his subsequent public pushback, as a way to doubtlessly wriggle out of the Twitter deal.
Right here’s how that is gonna go:
– Elon asks for “extra” information
– Twitter offers extra information
– Elon asks for even “extra”
– Twitter says “we’ve already given you the whole lot”
– Elon makes use of this as proof of “noncompliance” and seeks to renegotiate dealYou may set your watch to it
— Casey Newton (@CaseyNewton) July 7, 2022
That appears to be the pervading view, that Musk is having purchaser’s regret, and now needs to again out of the deal totally, which was additional solidified lately, when Musk went on an unexplained Twitter break.
Nonetheless, if Musk is planning his subsequent transfer, you couldn’t inform:
A flying, electrical boat can be sickkk
— Elon Musk (@elonmusk) July 7, 2022
Musk remains to be tweeting about boats and socks and horrendous wordplay that he appears to assume is cool. Which all simply factors to the truth that you most likely don’t desire any person like this in control of Twitter anyway – however based mostly on the phrases of the deal, it does look like Musk goes to be held to his Twitter provide, a technique or one other, and it nonetheless feels inevitable that he’ll turn out to be Twitter CEO eventually.
A minimum of, it feels that means proper now. Whereas many authorized specialists have famous that Musk would have a tough time exiting the deal, it is usually value noting that Musk is tremendous wealthy, and the identical guidelines that ought to apply to all don’t essentially apply to tremendous wealthy people in the identical means.
In different phrases, whereas it might appear unlikely, Musk should still have the ability to weasel out of his Twitter takeover push, then shake it off prefer it was all a giant joke.
Musk is named the person who can get issues finished that others view as unimaginable, and whereas the authorized entanglements on this case appear pretty limiting, it nonetheless looks as if Musk goes to make an actual go of abandoning his push to turn out to be Tweeter in chief.
So the saga continues, at the least till Musk’s crew recordsdata its subsequent grievance with the SEC.