The richest man in the world, Elon Musk, threatens the management of the company Twitter with the cancellation of the $ 44-billion contract.
An official letter prepared by Musk’s lawyers states that if the Twitter team does not provide detailed and transparent information about the number of unauthorized users of the social network (trolls, bots), then the deal will not be made and Musk will refuse to buy Twitter.
According to the lawyers, the Twitter representation violates the rights of the investor and deliberately conceals critical information that can directly affect the price of the transaction, which in turn is a violation of the law.
Information about the temporary suspension of the purchase process became known as early as last month, when Musk noted that he did not believe the data provided by the Twitter team and could not imagine that only 5% of the total number of social network users had a fake account. According to his assessment, the so-called The number of trolls exceeds 20%.
Notably, after acquiring the company’s shares, Musk publicly stated that his top priority would be to clear Twitter of trolls and bots, something the company itself had been trying in vain for years.
Monitoring the authenticity of an active user base is vital to the proper functioning of a social platform. If the number of bots on a social network increases dramatically, it will limit both the platform and the revenue of the company itself, as businesses will no longer be willing to place banner ads on a bot-laden network.