Posted on 06/08/2022 3:31:37 PM PDT by American Number 181269513
Twitter is giving in to Elon Musk's request for access to its" firehose" of internal data, according to a report from the Washington Post.
A weekslong battle over the proprietary data stream has slowed down Musk's proposed takeover of the social-media platform. Musk's proposal to buy and privatize Twitter has been plagued with strife and chaos from the jump. Musk has noted that he can walk away from the purchase, which has recently thrown off his efforts to finance the bid.
Previously, Musk attorney Mike Ringler wrote that Twitter was "thwarting" requests for data about fake accounts and spammers. Meanwhile, some observers have accused Musk of attempting to use the issue of fake accounts to "weasel out" of the deal with Twitter.
A person familiar with the company's thinking told the Post that the information could be provided as early as this week, meaning that conflict could come to a close, now that Twitter has acquiesced to Musk's demands.
Musk initially waived his right to review Twitter's finances before buying the company. However, the billionaire's purchase agreement does hold that if he can prove that Twitter misled him, he can walk away from the deal.
Twitter released a statement on Monday which said: "Twitter has and will continue to cooperatively share information with Mr. Musk to consummate the transaction in accordance with the terms of the merger agreement."
"We believe this agreement is in the best interest of all shareholders. We intend to close the transaction and enforce the merger agreement at the agreed price and terms," the statement reads.
Insider reached out to Twitter for further comment.
Twitter CEO Parag Agrawal said in May that Musk's method for calculating bot accounts wouldn't work, noting that such an analysis would require private information that Twitter can't share.
(Excerpt) Read more at businessinsider.com ...
Twitter released a statement on Monday which said: "Twitter has and will continue to cooperatively share information with Mr. Musk to consummate the transaction in accordance with the terms of the merger agreement."
Musk already knew the finances as twitter is a public company. What he doesn’t know is the fake bot account total and he shrewdly set up the purchase agreement to make sure he gets that information. I believe he knows the estimated numbers but wants confirmation hence, the walk away clause. That data should be very interesting.
Bwahahahaha. Twitter must be getting a lot of bad feedback.
I'm enjoying this drama almost as much as I did the Amber & Johnny trial.
.....” firehose” of internal data.....
This sounds like MIT talk!!!!
https://mitadmissions.org/help/faq/drinking-from-a-firehose/
Score
Musk - 1
Twitter liberals - 😭
Anyone who has done business deals knows this is the normal process.
My rule of thumb is all deals break up at least 6 times before completion. We are only at about Number 2.
“I believe he knows the estimated numbers but wants confirmation hence, the walk away clause.”
Exactly. He almost certainly was tipped off by people on the inside - now he wants it official. Otherwise they can deny it.
Similar to other legal proceedings. For example, with bankruptcy, you are required to disclose your assets, so the judge can distribute them as required. So if you try to get cute and don’t disclose something, you better hope the judge (actually trustee) doesn’t find it. Because if it is found, your civil case (bankruptcy) has turned into a criminal case (contempt). At least that’s my understanding.
Why will they Fire Jose?
Doe’s anybody have any doubts that anythng interesting has been disappeared? Either that or bad information will be engineered to make elon go away as those people would rather destroy twatter than allow people to be exposed to conservative ideas
The data got lost in the mailroom.
I personally believe what twit is doing is a ruse. By inundating EM with that kind of massive information they think they’re appeasing the request but know he can not decipher it without hiring massive technical teams to figure it out.
It is a tactic... Elon will take that data and make sense of it. If they open up he will know. He is not a dumb man and is surrounded by not dumb people, unlike twitter. He will be pulling their shorts down in public soon. He went after Youtube today. He will either crash twitter into the rocks, or make it good and move it off planet running on his new orbital data centers. He will be picking social media apart like you eat a chicken leg.
Something about some confounded, infernal data??
It’s a lead pipe cinch that Twitter management has been misleading investors, and the SEC for years now about the actual user count, which directly affects the value of the company.
Just a few short years ago, the honchos in the C suite would be sweating. Of course, in today’s America, people with the right politics are immune from the rules that apply to the rest of us. They’ll get away with it, and be enriched in the process.
My friend can barely wait.
“Bwahahahaha. Twitter must be getting a lot of bad feedback.”
Word on the street is stock will tank if he pulls out.
I wonder what the Twitter big whigs think of having the real world invade their utopia?
IF Twitter filed reports that were false, the SEC can come down on them for fraud against investers.
I really am glad he has found a hobby. I was worrying that all his high stress jobs were getting to him.
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