As the current communist eggheads at Twitter continue to actively resist and thwart Elon Musk’s s right to information on spam, fake and other bot account data, he is threat4enng to pull out of the deal in a strong letter written to the commies at Twitter and the SEC.
“This is a clear material breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement,” attorneys for Musk wrote in a letter to Twitter on Monday.
In April, Twitter accepted Musk’s $44 billion offer to acquire and take it private at $54.20 per share. However, Musk has since said the deal is temporarily on hold pending details supporting Twitter’s calculations that spam and fake accounts make up less than 5% of users.
In the first quarter of 2022, Twitter’s monetizable daily active user (mDAU) base grew 15.9% year over year to 229 million, including 39.6 million daily active users in the U.S. and 189.4 million international daily active users.
ELON MUSK FEUD WITH BILL GATES BOILS OVER TO TWITTER
Musk, who has vowed to crack down on Twitter’s spam bots, said last month that his team would conduct its own random sampling to calculate the number of spam and fake accounts.