Elon Musk has sent Twitter a second letter of deal termination. The world’s richest man wants to know how Twitter checks spam accounts. Twitter deceived Musk and authorities about the number of bot or spam accounts on its platform. Elon Musk made a $44 billion offer for Twitter in July.
Elon Musk has made an attempt to back out of the $44 billion deal by claiming that Twitter deceived him on the quantity of phoney accounts, or bots.
Twitter says Elon Musk Pulling Out from the Deal is Invalid and Unjust
According to Twitter’s response, his attempt to pull out of the agreement is “invalid and unjust”.
Elon Musk has requested information from former Twitter security chief and whistleblower Peiter Zatko, according to a court document submitted on Monday, primarily about how the microblogging network evaluates spam accounts.
The firm misrepresented its security procedures, according to well-known hacker “Mudge” Mr. Zatko, and prioritised user growth over stopping spam, according to his lawsuit, which was made public last week.
The summons to Mr. Zatko was issued in advance of a five-day trial before the Delaware Court of Chancery that is scheduled to start on October 17. The billionaire Musk has been saying for months that he might back out of the USD 44 billion deal since the company he agreed to buy undercounted its phoney and spam accounts. Because Musk backed out of the agreement, a pivotal legal dispute will take place in October.
According to the letter released on Tuesday, the additional information supports his argument that Twitter is in “material noncompliance” with its obligations related to data privacy and consumer protection legislation and that the firm is exposed to hostile actors and data centre outages.