The letter to Twitter, signed by Skadden, Arps, Slate Meagher & Flom attorney Mike Ringler, Musk’s outside counsel for the transaction, focused specifically on Musk’s longstanding assertion that Twitter has a larger number of “false or spam accounts.”
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Exposing the fraud that is Twitter could destroy it. Ad revenue is based on users and if a large percentage of users are spam, and if Twitter knows this, they’re committing fraud.
Bingo!