He will buy if there are fake accounts, he will discount the price based on the count.
Yeah, the reports I’ve heard have said there’s a $1B “break up” fee if he doesn’t complete the purchase. He may be the world’s richest dude, but that’s still a pretty good incentive to complete the deal.
But doesn’t the underreporting of the fake accounts factor into the negotiations? As in, nullifying that penalty if it’s shown Twitter didn’t report in good faith?
According to what I’ve heard, no—he explicitly waived due diligence on the purchase.
Twitter plans to comply with Musk’s demands for data
After a weeks-long impasse, Twitter’s board plans to comply with Elon Musk’s demands for internal data by offering access to its full “firehose,” the massive stream of data comprising more than 500 million tweets posted each day, according to a person familiar with the company’s thinking, who spoke on the condition of anonymity to describe the state of negotiations.
The move aims to end a standoff with the billionaire, who has threatened to pull out of his $44 billion deal to buy Twitter unless the company provides access to data he says is necessary to evaluate the number of fake users on the platform.
The information could be provided as soon as this week, the person said. Currently some two dozen companies pay for access to the trove, which comprises not only a real-time record of tweets but the devices they tweet from, as well as information about the accounts that tweet.
Musk’s legal team contends the data stream is essential for understanding the amount of spam and bot activity on its platform, a figure that could influence the company’s ad revenue, according to a letter sent to Twitter on Monday.
More at the hypocritical link above. "Democracy Dies in Darkness" from those who are trying to hide the light!
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