What you need to know
- Elon Musk's embattled Twitter takeover bid has taken another turn.
- He says the company is dragging its heels in providing data about spam and fake accounts.
- The number could make a big difference to Twitter's value.
Elon Musk says that Twitter is refusing to give him more information about spam and fake accounts on the platform that could drastically alter the value of the platform.
In a filing Monday representation for Tesla CEO and Twitter suitor stated:
The filing says that Twitter's "lax testing methodologies" are inadequate in Musk's eyes such that "he must conduct his own analysis."
It also says that Musk is entitled to seek such information and that Twitter is obligated to provide it, stating he was "clearly entitled" to the information.
Musk "believes Twitter is transparently refusing to comply with its obligations under the merger agreement" and that Twitter is doing this on purpose to hide what the figures may uncover, namely that Twitter has a much higher number of fake and spam accounts on its platform than first thought. Such a revelation could seriously dent Twitter's value, as it would make advertising less effective and therefore less valuable to potential buyers.
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9