Twitter donald trump for free#
Twitter donald trump trial#

It’s odd that he would use bots and trolls and inauthentic accounts as a way of getting out of the deal.” “This whole process has been bizarre,” said Christopher Bouzy, founder of research firm Bot Sentinel, which tracks fake Twitter accounts used for disinformation or harassment. One of the chief reasons Musk gave for his interest in taking Twitter private was his belief he could add value to the business by getting rid of its spam bots - the same problem that he’s now citing as a reason to end the deal. Last month, Twitter offered Musk access to its “fire hose” of raw data on hundreds of millions of daily tweets, according to multiple reports at the time, though neither the company nor Musk confirmed that. To calculate how many accounts are malicious spam, Twitter said it reviews “thousands of accounts” sampled at random, using both public and private data such as IP addresses, phone numbers, location and account behaviour when active, to determine whether an account is real. The accounts represent well below 5% of its active user base each quarter. Twitter said it removes 1 million spam accounts each day. On Friday, Twitter sought to shed more light on how it counts spam accounts in a briefing with journalists and company executives. He predicted a long court fight by Twitter to either restore the deal or get the US$1 billion breakup fee. 'This is a disaster scenario for Twitter and its board,” Wedbush analyst Dan Ives wrote in a note to investors. After the market closed and Musk's letter was published, Twitter's stock continued to decline while Tesla climbed higher. Shares of Tesla, meanwhile, climbed 2.5% to $752.29. On Saturday, shares of Twitter fell 5% to $36.81, well below the $54.20 that Musk agreed to pay.

Twitter donald trump for free#

Much of the drama surrounding the deal has played out on Twitter, with Musk - who has more than 100 million followers - lamenting that the company was failing to live up to its potential as a platform for free speech. 6, 2021, riot at the US Capitol, back onto the platform. Musk said in May that he would allow Trump, who was banned from Twitter following the Jan.

Twitter donald trump trial#

The trial court in Delaware frequently handles business disputes among the many corporations, including Twitter, that are incorporated there.įormer President Donald Trump weighed in on his own social platform, Truth Social: “THE TWITTER DEAL IS DEAD, LONG LIVE THE ‘TRUTH’”. We are confident we will prevail in the Delaware Court of Chancery.”

In response, the chair of Twitter's board, Bret Taylor, tweeted that the board is “committed to closing the transaction on the price and terms agreed upon' with Musk and 'plans to pursue legal action to enforce the merger agreement. Musk also said the information is fundamental to Twitter’s business and financial performance, and is needed to finish the merger. Musk incomplete or unusable information,” the letter said. Musk’s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. “Twitter has failed or refused to provide this information. In a letter to Twitter's board, Musk lawyer Mike Ringler complained that his client had for nearly two months sought data to judge the prevalence of “fake or spam” accounts on the social media platform.

Instead, it looks ready to fight to complete the purchase, which the company’s board has approved and CEO Parag Agrawal has insisted he wants to consummate. Twitter could have pushed for a US$1 billion breakup fee that Musk agreed to pay under these circumstances.

The likely unraveling of the acquisition was just the latest twist in a saga between the world’s richest man and one of the most influential social media platforms, and it may portend a titanic legal battle ahead. Twitter immediately fired back, saying it would sue the Tesla CEO to uphold the deal.Įlon Musk likes Twitter so much, he's buying it. Elon Musk announced that he will abandon his tumultuous $70 billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts.